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FAR parent updates investors on AAG integration, business performance

Housing Wire

The company also provides commentary for its fourth quarter 2023 financial performance, assesses its market advantages and offers an assessment of impacts stemming from changes in Ginnie Mae ’s Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program.

Investor 414
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Ginnie Mae to explore new reverse mortgage-backed security product

Housing Wire

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. HECM warrants special attention because of demographic trends, and the financial circumstances of older Americans.

Mortgages 424
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The 2024 mortgage M&A playbook

Housing Wire

nationally, per Inside Mortgage Finance (IMF) estimates. 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.

Mortgages 414
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HUD IG comments on inquiry into Ginnie Mae’s handling of RMF

Housing Wire

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.

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Real Estate Distress Has Created Opportunities for Rescue Capital

Propmodo

Investment data firm Prequin estimates global real estate funds operated by private equity firms had a record $544 billion in cash as of the second quarter of 2023, up from $457 billion at the end of 2022. As property distress spreads, other debt-workout scenarios like bankruptcies and foreclosures will still be in play.

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Mortgages with Low Credit Scores - Your Guide to Affordable Home Financing

Realty Biz

Let's delve deeper into these topics to guide you towards an affordable home financing solution. Longer time to build equity: With a higher interest rate and potentially larger down payment, it may take longer for you to build equity in your home. Can you buy a house with bad credit? These loans are backed by the U.S.

Finance 97
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Dark Matter Technologies execs talk transition from Black Knight, innovation in the mortgage tech space

Housing Wire

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.