Housing Wire

SEPTEMBER 5, 2023

The announcement comes in the wake of bankruptcy of allegations of fraudulent activity against reinsurer Vesttoo Ltd , which filed for Chapter 11 bankruptcy protection in August. said the development could raise concerns around the reciprocal exchange timeline, which Porch previously said it expected to complete later this year. “We

Bankruptcy 410

Bankruptcy Development Banks Industrial 410

Housing Wire

JANUARY 5, 2021

In a statement confirming the deal Tuesday afternoon, Guaranteed Rate said the acquisition of Stearns would enable a boost in retail loan originations and further scale its JV platform, while also developing “new multichannel capabilities.”

Lending 538

Lending Bankruptcy Loans Brokerage 538

Housing Wire

AUGUST 15, 2024

Department of Housing and Urban Development (HUD), last week filed a slew of new documents in their court case against Texas Capital Bank (TCB). The government’s motion which is based solely on a forum selection clause in the pre-bankruptcy Tail Agreement fails for at least three independent reasons.” Attorneys for the U.S.

Bankruptcy 436

Bankruptcy Banks Development Loans 436

Housing Wire

MARCH 7, 2024

Department of Housing and Urban Development (HUD). This includes a strain on resources brought about by the assumption of a sizable portfolio of reverse mortgage-backed securities following the bankruptcy of a major lender in the space in 2022. It allocates $450 billion in funding for several departments, including the U.S.

Bankruptcy 413

Bankruptcy New Construction Development Lending 413

Housing Wire

JANUARY 11, 2024

TCB’s contract with RMF and the bankruptcy court order also expressly stated that TCB’s right to a lien was subject to GNMA’s extinguishment rights.” 31, 2022, special requirements for HECM reverse mortgage loan pools, TCB’s tail agreement and documents from RMF’s bankruptcy case unfolding in the U.S. 17, 2024.”

Lending 431

Lending Bankruptcy Mortgages Banks 431

Housing Wire

APRIL 10, 2024

The company also said it “continues to evaluate new products to reach additional segments of the population facing a retirement gap,” and describes recent reverse mortgage industry consolidation following influential industry changes in 2017 and the 2022 bankruptcy of Reverse Mortgage Funding (RMF). “As

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Investor Bankruptcy Finance Equity 421

Housing Wire

MAY 30, 2024

The company is developing policy and implementation plans for the instrument, and plans to roll out a term sheet that will include a 30-day public comment period that is expected sometime in June. NRMLA President Steve Irwin told RMD that the association looks forward to engaging with the company on the development.

Bankruptcy 439

Bankruptcy Loans Equity Development 439

Housing Wire

DECEMBER 7, 2020

Failed to timely disburse borrowers’ tax payments from their escrow accounts and failed to properly conduct escrow analyses for borrowers during their Chapter 13 bankruptcy proceedings. According to the release, if entered by the court, Mr. Cooper would be required to immediately set aside about $15.6

Bankruptcy 536

Bankruptcy Loans Mortgages Finance 536

Housing Wire

MARCH 26, 2024

Department of Housing and Urban Development (HUD) and Ginnie Mae. Braun also requests “detailed insights into Ginnie Mae’s actions prior to and following the bankruptcy of RMF” and requests more information on “steps taken to improve troubled issuer management practices that threaten market stability.” Mike Braun (R-Ind.),

Bankruptcy 405

Bankruptcy Loans Banks Mortgages 405

Housing Wire

DECEMBER 27, 2023

The company hopes to reach its goal by growing organically with more loan officers under a dozen business development managers. There were also a few cases of bankruptcy. HousingWire tracked 62 mergers, acquisitions, exits and bankruptcies covered by the newsroom in 2023. bankruptcies. exits and 3.2%

Mortgages 421

Mortgages Bankruptcy Lending Loan Officer 421

Housing Wire

NOVEMBER 20, 2024

Status as a first-time homebuyer will now also count as “a mitigating factor in the DU Risk Assessment,” as research into the development process for the new version suggested that loans where a borrower identified themselves as first-time homebuyers “performed better than similar loans for borrowers that had previously owned a home.”

Bankruptcy 284

Bankruptcy Short sale Loans Development 284

Housing Wire

JANUARY 16, 2024

Ginnie Mae intends to develop a new reverse mortgage-backed security product enabling the acquisition of loans from an HMBS pool above the existing 98% maximum claim amount (MCA) requirement, according to a new announcement.

Mortgages 431

Mortgages Bankruptcy Loans Equity 431

Housing Wire

MARCH 23, 2022

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.

Bankruptcy 384

Bankruptcy Banks Loans Residential 384

Housing Wire

JUNE 21, 2022

Through the American Land Title Association and state associations, the industry continues to develop new tools to help consumers understand the role title insurance plays in the closing, the benefits of title insurance and how to shop for title insurance. Real estate is a $3 trillion industry in the United States.

Title 512

Title Title search Land Due diligence 512

Housing Wire

DECEMBER 13, 2024

The Mortgage Bankers Association (MBA) this week published a proposal for Ginnie Mae to develop a new mortgage securitization product that could boost the availability of private capital liquidity sources into the market, particularly in periods of stress for the U.S. could serve as a logistical template for such a product.

Bankruptcy 365

Bankruptcy Loans Investor Banks 365

Housing Wire

AUGUST 3, 2022

No Worker Adjustment and Retraining Notification (WARN) notices were submitted to California’s Employment Development Department (EDD) and New American Funding did not respond to requests for comment. The post New American Funding eliminates hundreds of jobs appeared first on HousingWire.

Bankruptcy 421

Bankruptcy Loan Officer Mortgages Loans 421

Housing Wire

FEBRUARY 23, 2024

Shortly after RMF declared bankruptcy in November 2022, the lender failed to make required payments to its borrowers, resulting in Ginnie Mae reaching out to TCB, the filing reads. Department of Housing and Urban Development (HUD) may not be in office should the suit progress to trial sometime next year.

Banks 404

Banks Bankruptcy Lending Finance 404

Inman

SEPTEMBER 12, 2023

The LA luxury developer is being forced to sell the 27-acre site, which was slated for an elaborate mega mansion, after a creditor tried to foreclose on the property and Hadid filed a bankruptcy petition.

Bankruptcy 197

Bankruptcy Development 197

Housing Wire

AUGUST 3, 2023

Heightened focus on expenses by clients and prospects, as well as the proposed ICE transaction, has elongated the sales cycles in the short term; market conditions continue to result in elevated originator consolidation, bankruptcies and associated attrition, according to its filing with the Securities and Exchange Commission (SEC).

Bankruptcy 369

Bankruptcy Mortgages Development Loans 369

Housing Wire

NOVEMBER 13, 2023

700 billion in taxpayer funds were authorized to help stabilize the economy in free fall in the wake of the Lehman bankruptcy and a mortgage market meltdown. Fannie Mae and Freddie Mac have also developed strong loss-mitigation tools. Fifteen years ago, the TARP bailout bill was signed into law.

Banks 405

Banks Loans Bankruptcy Mortgages 405

Housing Wire

JULY 11, 2024

at the time of its 2022 bankruptcy. Department of Housing and Urban Development (HUD) Office of the Inspector General (OIG) opened an inquiry into the handling of the RMF situation, and it also gained attention from an Indiana senator, who requested additional information from the company over the move.

Banks 397

Banks Bankruptcy Mortgages Lending 397

Housing Wire

FEBRUARY 22, 2024

Department of Housing and Urban Development (HUD) Office of the Inspector General (OIG) announced the launch of an inquiry into Ginnie Mae ’s monitoring of now-bankrupt lender Reverse Mortgage Funding (RMF), and its extinguishment from the Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program. Late last year, the U.S.

Bankruptcy 417

Bankruptcy Loans Mortgages Equity 417

Housing Wire

SEPTEMBER 18, 2023

How does the company expect to manage profit amid industry consolidation , bankruptcies and attrition? What are some of the add-on products the company has already developed or is seeking to develop to win over lenders? [About] 1300 [employees] are going to move over with us and it’s business as usual.

Technology 485

Technology Mortgages Bankruptcy Industrial 485

Housing Wire

DECEMBER 14, 2021

That has some producers of non-QM loans, which require specialized underwriting expertise, looking to technology, big data and the development of automated underwriting platforms as the solution for dealing with the anticipated surge in loan volume in the years ahead.

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Lending Loans Bankruptcy Technology 382

Housing Wire

JULY 29, 2021

Many of these firms experienced bankruptcies and closures similar to that of New Century.”. I applied a multivariate statistical analysis consistent with the one I used to develop the industry’s first FHA automated underwriting scorecard (known now as TOTAL), and the industry’s first VA scorecard during my tenure at Freddie Mac.

Mortgages 421

Mortgages Bankruptcy Loans Industrial 421

Brownstoner

JULY 22, 2021

The long-anticipated restoration and adaptation of the historic Nassau Brewery at 945 Bergen Street could be scrapped by a bankruptcy sale just as it inches toward completion.

Bankruptcy 98

Bankruptcy Investor Sales As-is 98

Brownstoner

AUGUST 9, 2023

The latest salvo in a long-running adaptive reuse project in Crown Heights has revealed the ambitious project has finally wrapped and is likely to survive a looming bankruptcy auction -- at least initially.

Bankruptcy 98

Bankruptcy Development Marketing 98

Housing Wire

JULY 1, 2022

FGMC filed for Chapter 11 bankruptcy protection in Delaware on Thursday, June 30. VanSingel, former senior vice president at learning & organizational development at FGMC, is suing FGMC and PIMCO for not paying her 60 days of severance following her termination in February 2022.

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Loan Officer Bankruptcy Loans Sales 367

Seattle Times Real Estate

OCTOBER 25, 2023

ICap said it planned to develop real estate in Western Washington, but left sites unfinished and didn't repay investors, lawsuits allege. The firm may owe as much as $500 million to 2,700 companies and people.

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Bankruptcy Investor Development 129

Brownstoner

JANUARY 17, 2022

are real estate brokers, auctioneers and appraisers providing services to the bankruptcy, banking, legal and financial industries." will auction off the former development site of The Bushwick Hotel… Read More > The post Auction for Hotel Development Site in East Williamsburg Set for February 3 appeared first on Brownstoner.

Development 96

Development Bankruptcy Banks Industrial 96

Housing Wire

MARCH 26, 2024

They can also move to areas that are less established and currently being developed, which means new construction and lower prices for those that purchase in the early phases.

Equity 432

Equity Loans Bankruptcy As-is 432

Housing Wire

MAY 10, 2022

“Eric Hill engaged in premeditated criminal acts with the sole purpose of enriching himself, without regard for millions of American homebuyers who rely on federal housing programs to insure their mortgages,” Wyatt Achord, special agent in charge with the Department of Housing and Urban Development (HUD) Office of Inspector General, said in a U.S.

Mortgages 397

Mortgages Marketing Loans Banks 397

Housing Wire

APRIL 18, 2024

The pool of non-QM borrowers includes real estate investors, foreign nationals, business owners, gig workers and the self-employed, as well as a smaller group of homebuyers who face credit challenges, such as past bankruptcies. He stressed that the AI system is still in development and not in general use at this point.

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Loans Due diligence Investor Technology 420

Seattle Times Real Estate

JUNE 16, 2025

Since late last year, 19 of Selig’s roughly 30 downtown buildings have been put under outside management or turned over to lenders after pandemic-related vacancies left the 88-year-old developer unable to cover more than $850 million in loans. “I I just don’t see that happening.” Neither Selig nor his company responded to questions.

Commercial 96

Commercial Loans Development Technology 96

Housing Wire

JUNE 9, 2022

The pool of non-QM borrowers includes real estate investors, property flippers, foreign nationals, business owners, gig workers and the self-employed, as well as a smaller group of homebuyers facing credit challenges, such as past bankruptcies. Among the plans is an effort to develop an automated underwriting app for non-QM loans, he said.

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Marketing Loans Technology Bankruptcy 384

Toronto Realty Blog

MARCH 1, 2023

I see the failed 2007 development called “Giraffe Condos.” ” This project wasn’t economically viable because the city of Toronto wanted 10-storeys but the developer wanted 27-storeys. Some are anti-development and others are all for it. Some planners are more lenient than others. Economic viability.

Construction 97

Construction Bankruptcy Pre-approval Purchase and sale agreement 97

Realtor.com

AUGUST 26, 2020

Facing bankruptcy, Newton sold the property to a development company in 2010, for $19.5 After three years, the museum closed to the public and was placed into Chapter 11 bankruptcy proceedings. Entry to mansion realtor.com. Pastures realtor.com. Pond and fountain realtor.com. Car museum realtor.com. Stables realtor.com.

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Bankruptcy Renovation Development Land 116