Remove Bankruptcy Remove Development Remove Equity Remove Principal
article thumbnail

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 397
article thumbnail

Ginnie Mae fires back over RMF lending suit, seeks case dismissal

Housing Wire

In the initial October complaint, TCB alleged that the government-owned company “extinguished, in return for no consideration, TCB’s first priority lien on tens of millions of dollars in collateral” stemming from the Federal Housing Administration (FHA)-sponsored Home Equity Conversion Mortgage (HECM) program. 17, 2024.”

Lending 401
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What Causes Pre-Construction Condo Cancellations?

Toronto Realty Blog

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.

article thumbnail

Non-QM lenders struggle to navigate volatile waters

Housing Wire

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. David Pelka, head of RMBS business and a principal at non-QM lender CarVal Investors.

Loans 388
article thumbnail

Seven Predictions for 2023: The Grime Edition

Notorious ROB

Perhaps one of the more significant developments of 2022 was Zillow’s big announcement in Q3. The most important development of 2022, of course, isn’t Zillow or Opendoor. These BTR deals make more and more sense for developers, and never more than in today’s horrible buying environment. Finally, D.R.

MLS 79