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Smart Budgeting Tips for Homeowners on the Brink of Bankruptcy

Realty Biz

But in today’s unpredictable economy, it’s easy even for homeowners to find themselves on the brink of bankruptcy. According to the most recent numbers, bankruptcies rose 10% last year. Being on the brink of bankruptcy isn’t the same thing as actually being bankrupt — not even close. But don’t lose hope.

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 MAXEX seeks to capitalize on expanding non-QM market

Housing Wire

MAXEX , a major mortgage trading and aggregating platform, has unveiled a series of new programs designed to serve originators and loan buyers in the growing non-QM lending market. That has left “originators scrambling for liquidity in this growing market segment,” MAXEX’s announcement of the new non-QM initiative states.

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Former FHFA exec Jason Cave says FSOC report is a ‘tall order’ for states

Housing Wire

FDIC), including as a representative on the deputies committee of the FSOC, where he helped to build its nonbank designation program. The FSOC report states that nonbank servicers increased their market share from 4% in 2008 to 54% in 2022. Cave spent nearly three decades in executive roles at the Federal Deposit Insurance Corp.

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The Chemosphere House and 6 other striking John Lautner-designed homes

Fancy Pants Homes

You don’t have to be an architecture buff to recognize a house designed by John Lautner. Yet their designs couldn’t be more different. In the 1930s, Lautner made the move to California, where he kickstarted an extremely prolific career, designing more than 50 properties.

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Lower mortgage rates fueling existing home sales

Housing Wire

Because housing data and all economics are so violent lately, we created the weekly Housing Market Tracker , which is designed to look forward, not backward. This is the wild housing action I have talked about for some time and why the Housing Market Tracker becomes helpful in understanding this data. million in February.

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The risk of zero-down loans while the Fed talks recession

Housing Wire

The entire system has to be designed to inflate the price over time. The housing market is very subsidized for demand to grow and whenever the economy gets weaker, rates fall and that impacts the housing market in a disproportionate way. Remember, the system is designed to keep home prices inflated.

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This global investment firm wants to become a non-QM rainmaker

Housing Wire

Minneapolis-based CarVal Investors , a global alternative investment manager and long-time player in the mortgage market, has launched a real estate mortgage investment conduit, or REMIC, that plans to work with loan originators around the country to develop and acquire innovative nonagency mortgage products.

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