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 411

Mortgages Bankruptcy Lending Loan Officer 411

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.

Bankruptcy 114

Bankruptcy Investor Development 114

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 419

Mortgages Bankruptcy Loans Equity 419

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

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 381

Banks Bankruptcy Lending Finance 381

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 82

Development Bankruptcy Banks Industrial 82

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 536

Lending Bankruptcy Loans Mortgages 536

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 364

Bankruptcy Mortgages Development Loans 364

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 402

Bankruptcy Loans Mortgages Equity 402

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.

Banks 381

Banks Bankruptcy Loans Investor 381

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 414

Bankruptcy Loan Officer Mortgages Loans 414

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 534

Bankruptcy Loans Mortgages Finance 534

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 506

Title Title search Due diligence Land 506

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 477

Technology Mortgages Bankruptcy Industrial 477

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.

Loans 410

Loans Due diligence Investor Technology 410

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 424

Equity Loans Bankruptcy New Construction 424

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 374

Lending Loans Bankruptcy Technology 374

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.

Loan Officer 360

Loan Officer Bankruptcy Loans Sales 360

Marco Santarelli

NOVEMBER 14, 2023

WeWork, the prominent global flexible space provider, has taken a significant step by filing for Chapter 11 bankruptcy protection on November 6, 2023. A Ray of Hope: Restructuring and Recovery WeWork's bankruptcy filing has garnered support from approximately 92% of its secured notes holders. billion in new financing.

Bankruptcy 52

Bankruptcy Investor Industrial Finance 52

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 414

Mortgages Loans Bankruptcy Industrial 414

Realty Biz

JANUARY 16, 2022

The Bel Air mansion is known as “The One” and was built by Hollywood producer-cum-developer Nile Niami. However, Niami racked up mounting debts as he built the home, and the mansion is now being sold as part of a bankruptcy agreement. The bankruptcy agreement will force the home to be sold at auction to the highest bidder on Feb.

Purchase and sale agreement 101

Purchase and sale agreement Sales Bankruptcy Development 101

Housing Wire

FEBRUARY 8, 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.

Marketing 369

Marketing Lending Loans Bankruptcy 369

1000Watt

FEBRUARY 2, 2024

Bootstrappy people out of nowhere; existing “vendors” with interesting product developments; weird stuff with AI that sits on the edge of holy crap that’s cool and that’s the stupidest idea ever. Information bankruptcy, like business bankruptcy, can be constructive. The unicorns are gone, but the workhorses are out in force.

Bankruptcy 59

Bankruptcy Construction Residential Industrial 59

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.

Bankruptcy 116

Bankruptcy Development Renovation Land 116

Brownstoner

FEBRUARY 24, 2021

In the News Biden Infrastructure Plan Could Fund New Southeast Brooklyn Subway [NYP] Crown Heights Developer Disputes ‘Save Associated’ Claims [Caribbean Life] Brooklyn Real Estate Empire Shows Strain With Rental Bankruptcy [Bloomberg] How Brooklyn’s Office Market Is Getting Through COVID [CO] Brooklyn Chamber of Commerce Survey Shows Small Business (..)

Bankruptcy 70

Bankruptcy Development Marketing 70

Propmodo

APRIL 30, 2024

As property distress spreads, other debt-workout scenarios like bankruptcies and foreclosures will still be in play. These capital infusions are a more cost-effective way to recapitalize assets rather than bringing new equity in through foreclosure or bankruptcy. Notably, the company won’t consider office assets.

Commercial 67

Commercial Bankruptcy Investor Equity 67

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 393

Mortgages Marketing Loans Finance 393

Realty Biz

AUGUST 26, 2021

According to Midlothian Economic Development, the area has doubled in population since 2010. It remains a highly desirable place for semi-rural living, business expansion and workforce development. The median sales price in the market is approximately $383,557.

Bankruptcy 109

Bankruptcy Branding Development Residential 109

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.

Marketing 381

Marketing Loans Technology Bankruptcy 381

The Close

JULY 23, 2022

Know When & Where New Developments Are Being Built. If you develop relationships with builders, you can then educate your buyers on the process and offer them another option to get into a new home. There are great rewards for agents who take the time to meet and develop relationships with homebuilders.

Bankruptcy 111

Bankruptcy Purchase and sale agreement MLS Investor 111

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 449

Bankruptcy Investor Inspection Staging 449

RIS Media

MARCH 14, 2021

“With wide differences in commercial and apartment rents across metro areas, development will turn to less expensive markets that are closer to the gateway cities. “And as tactical store closures and bankruptcies increase, adaptive reuse and conversions will create opportunities for investors and developers.”

Commercial 105

Commercial Marketing Bankruptcy Industrial 105

HomeLight

JULY 30, 2021

Bankruptcy discharge papers. You can’t accept any gift funds from anyone involved in the real estate transaction, including the builder, developer, or real estate agent. If there’s a bankruptcy or foreclosure in your credit report, you may have to submit: Bankruptcy discharge or dismissal papers. Foreclosure documents.

Loans 98

Loans Mortgages Bankruptcy Purchase and sale agreement 98

Realtor.com

JANUARY 6, 2021

Quinn and his wife, Florence Letts Quinn , widow of Alfred Letts , the original developer of Holmby Hills. In early 2018, Woodbridge declared bankruptcy and Shapiro landed in prison, after pleading guilty to charges involving a $1.3 Farquhar in 1936. Spanning 12,201 square feet, the palatial place was built for Charles H.

Bankruptcy 76

Bankruptcy Investor Land Development 76

Kyle Handy

JANUARY 20, 2023

You can target advertising on Google or Facebook to people interested in bankruptcy or foreclosure. It begins with developing an archive of content focused on people in your area who might want to sell — things like “Declaring Bankruptcy in Tempe, Arizona” or “How to Avoid Pre-Foreclosure in Salt Lake City, Utah.”

House Flipping 89

House Flipping Bankruptcy Investor Renovation 89

Redfin

SEPTEMBER 16, 2022

In the 1950s and 1960s, real estate developer Joseph Eichler built thousands of homes in California that were designed to bring modern architecture to the masses. The homes were generally part of a larger development full of trees, parks, and community spaces. Nowadays, most remaining homes are in the Bay Area.

Design 58

Design Bankruptcy Development Renovation 58

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 404

Bankruptcy Development Banks Industrial 404