Marco Santarelli

MAY 22, 2025

Having navigated his own financial ups and downs, including a bankruptcy early in his career, he speaks from experience. While lower rates would be a welcome development, they need to be considered alongside these existing market realities. What I appreciate about Ramsey is his down-to-earth approach to money.

Mortgages

Housing Wire

OCTOBER 23, 2024

Home sales have been essentially stuck at around a four-million-unit pace for the past 12 months, but factors usually associated with higher home sales are developing,” said NAR Chief Economist Lawrence Yun. Year-over-year, sales are down 3.5%. Today, foreclosures aren’t even back to pre-COVID-19 levels.

Mortgages

Housing Wire

JANUARY 29, 2025

A securitization of private reverse mortgages originated by Reverse Mortgage Funding (RMF) will require additional review due to the lenders 2022 bankruptcy, according to a statement on the securitization issued by credit rating agency KBRA. The securitization features loans originated by RMF, which declared bankruptcy in late 2022.

Bankruptcy

Redfin

AUGUST 5, 2025

Department of Housing and Urban Development (HUD). FHA waiting periods based on foreclosure circumstances The FHA loan foreclosure waiting period includes additional waiting periods for getting an FHA loan after a bankruptcy and additional extenuating circumstances surrounding the initial foreclosure.

FHA loan

Housing Wire

FEBRUARY 19, 2025

After challenges caused by a major lender and HMBS issuers bankruptcy in 2022, the government-owned company aimed to remedy these issues by developing a complementary program dubbed “HMBS 2.0.” ” HMBS 2.0 More than 40% of the companys staff may have been impacted by large-scale reductions in force, the source said.

Bankruptcy

Seattle Times Real Estate

JUNE 24, 2025

Bankruptcy Court for the Eastern District of Washington, Cle Elum Mayor Matthew Lundh wrote that the city is “insolvent” under the bankruptcy code, citing the debt owed to the developer, City Heights Holdings. Meanwhile, the developer’s lender recently filed garnishments to seize funds in city bank accounts.

Bankruptcy

Housing Wire

JUNE 30, 2022

FGMC) and its affiliate Maverick II Holdings filed for Chapter 11 bankruptcy protection late Wednesday. . The company said the bankruptcy action has no impact on closed mortgages, which are already serviced by third parties. The debtor-in-possession financing, however, needs the Delaware bankruptcy court’s approval.

Bankruptcy

Housing Wire

JANUARY 8, 2024

The presiding judge in the ongoing bankruptcy case of Reverse Mortgage Funding (RMF) has approved a stipulation that would resolve an administrative claim made against the company’s estate by reverse mortgage servicing company Celink , authorizing both companies to consummate the agreement. Celink continues to defend itself in both cases.

Bankruptcy

Housing Wire

JUNE 28, 2023

Founded in 2013 by Brew Johnson, Brett Crosby and Alex Perelman, Peer Street developed a marketplace connecting lenders and borrowers seeking capital to investors looking for real estate-related debt. California-based real estate investing platform Peer Street, Inc.

Bankruptcy

Redfin

FEBRUARY 25, 2025

It is so cheap largely because of its economic and population decline , which culminated in bankruptcy in 2013. The city recently announced $15,000 grants to help first-time homebuyers, along with further development of affordable housing units. Detroit, MI 77.2% If house prices are out of reach, you may be able to get help.

Sales

Housing Wire

NOVEMBER 27, 2023

Veev said at the time that the funding would be used to scale its operations, accelerate its research and development, and expand construction into new markets. In March 2022 , Veev raised a $400 million Series D led by BOND , while LenX , Zeev Ventures , JLL Spark Global Ventures , and Fifth Wall also participated in the round.

Bankruptcy

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

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

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

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

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

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

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

Investor

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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.

Lending

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

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