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

Housing Wire

Dark Matter Technologies , formerly Black Knight Origination Technologies, is focused on mainly two things: the smooth transition to new owners, and lowering the cost to originate loans for lenders. Read on to learn more about Dark Matter Technologies’ plan for mortgage. Gagliano : We believe strongly in technology.

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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 359
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Mr. Cooper settles $90M lawsuit over illegal foreclosures

Housing Wire

But Mr. Cooper often didn’t take those mods into account, and then foreclosed on thousands of those borrowers, damaging their finances and credit, the CFPB and state attorneys generals for 53 states and territories said on Monday. “[Mr. million in redress to other borrowers affected by the conduct alleged in the complaint. .

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Automation is coming to non-QM lending

Housing Wire

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 309
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Why Did WeWork Fail: Reasons for its Downfall

Marco Santarelli

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.

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The History of Recession & Home Prices

CT Homes

But considering employment rates dropping and finances being tight already, a recession should spark a moment of preparation to properly weather the financial storm. When excessive debt occurs, and those debts default and individuals need to file for bankruptcy more frequently, the economy can be overturned.

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This Is How To Profitably Find Houses To Flip In 2023

Kyle Handy

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.”