Housing Wire

JANUARY 16, 2024

Released on Tuesday morning, the move is a further attempt to address the well-documented liquidity challenges that have been plaguing the reverse mortgage business for most of the past year, stemming from the late 2022 bankruptcy of Reverse Mortgage Funding (RMF), the run-up in interest rates and a precipitous drop in loan volume.

Mortgages 419

Mortgages Bankruptcy Loans Equity 419

Housing Wire

OCTOBER 13, 2022

The financial chaos that sparked the savings and loan crisis of the 1980s, leading to a government bailout, now haunts the independent mortgage banking market this Halloween season — and beyond. The firm specializes in asset-backed credit, whole loans and private equity. There likely will be 40 to 50 deals done this year.

Mortgages 370

Mortgages Marketing Banks Loans 370

Housing Wire

FEBRUARY 23, 2024

per share at market open on Friday, up from $10.98 per share at market close the day before. New client and market share acquisitions In a rare move, Rocket shared specific numbers of its market share growth. Rocket’s stock price rose to $11.75 The BUY+ program provided borrowers a credit equal to 1.5%

Equity 411

Equity Bankruptcy Loans Mortgages 411

Housing Wire

FEBRUARY 8, 2022

Newport Beach, California-based Excelerate Capital , a long-time non-QM lender with a growing market presence, finalized its acquisition of Castle Mortgage Corp. With the Castle acquisition and tech integration now completed, our intent is to lend nation nationwide in the non-QM market. The growth is going to happen, regardless.

Marketing 369

Marketing Lending Loans Bankruptcy 369

Housing Wire

DECEMBER 27, 2023

The California-based retail lender has set a target of becoming a top-10 lender in the markets in which it has a presence, which would give it about 2% in overall market share. United Wholesale Mortgage , the top lender in the country by volume, claimed just under 8% total market share over the first nine months of 2023.

Mortgages 411

Mortgages Bankruptcy Lending Loan Officer 411

Housing Wire

JANUARY 4, 2024

When assessing December’s Home Equity Conversion Mortgage (HECM) volume data for December 2023, Reverse Market Insight (RMI) used a choice word as the title for its commentary : “thud.” Any time we see exits and consolidations we tend to see a dip in industry production for a time,” McCue said. “In This is a different situation.”

Mortgages 438

Mortgages Bankruptcy Principal Finance 438

Housing Wire

MARCH 1, 2024

The funds will ultimately go to companies including Mirae Asset Securities , Industrial and Commercial Bank of China Financial Services (ICBC), Flagstar Bank , Customers Bank and the bankruptcy estate of Live Well itself, according to court filings reviewed by RMD. The final amount will be determined by the trial judge.

Banks 391

Banks Bankruptcy Commercial Equity 391

Housing Wire

JANUARY 4, 2022

Pontiac, Michigan-based United Wholesale Mortgage (UWM) capitalized on a booming private-label market in 2021 by sponsoring its inaugural securities transaction this past May, a prime jumbo deal involving 508 mortgages with an aggregate principal balance of $351.9 to 72% across the three deals in a market with fast-rising home prices.

Marketing 366

Marketing Debt-to-income ratio Loans Mortgages 366

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.

Bankruptcy 402

Bankruptcy Loans Mortgages Equity 402

Housing Wire

FEBRUARY 5, 2021

“We have assembled the best in the industry and they have provided the rocket fuel to succeed,” Stearns said. At the time, the bankruptcy was being conducted by Blackstone , the private equity giant that acquired a majority stake in Stearns parent company, Stearns Holdings , back in 2015.

Lending 365

Lending Bankruptcy Mortgages Title 365

Housing Wire

NOVEMBER 2, 2020

As a premier provider of innovative, high-performance software, data and analytics for mortgage and home equity lending and servicing, Black Knight is transforming the housing finance industry. Black Knight is a proven mortgage industry leader in servicing technology. Secondary Marketing. Originations.

Lending 403

Lending Bankruptcy Equity Loans 403

Housing Wire

SEPTEMBER 18, 2023

Executives from Dark Matter Technologies, under the Constellation Software umbrella, said that a down market is the best time to make investments in technology and prepare for the next cycle. So it’s really the same story, just different markets,” Gagliano said. Kim: It’s a tough mortgage origination market right now.

Technology 477

Technology Mortgages Bankruptcy Industrial 477

Housing Wire

APRIL 10, 2023

Unlike title commitment turn time — what some in the market are referring to as “instant title” — a title check’s insights can take days or even weeks off the transaction timeline. It’s one of the reasons why we believe the term “instant title” is counterproductive, somewhat misleading and should be eliminated from our industry terminology.

Title 372

Title Loans Equity Title search 372

Housing Wire

FEBRUARY 18, 2022

housing market. Redfin plans to completely revamp its mortgage services in 2022 following the expected acquisition of Bay Equity Home Loans in the second quarter. And while Zillow has scrapped iBuying, which all evidence so far points to as a money-hemorrhaging industry , Kelman said that Redfin will stay the course. “We

Bankruptcy 393

Bankruptcy Brokerage Title Equity 393

Propmodo

APRIL 30, 2024

Those in the industry holding out for cuts could soon consider selling assets, handing the keys back to the lenders, or halting projects altogether. After years of high times and low rates, the hangover is lasting longer than the industry wants it to, and people are looking for relief to weather the adverse effects.

Commercial 67

Commercial Bankruptcy Investor Equity 67

Housing Wire

JULY 22, 2022

FGMC) filed for Chapter 11 bankruptcy protection at the end of June — leaving four warehouse lenders on the hook for more than $415 million. Lind said many lenders are now trying to digest a plethora of lower-rate loans, essentially “orphaned by the market.” The market’s interest rate woes contributed to non-QM lender FGMC’s downfall.

Lending 381

Lending Banks Bankruptcy Loans 381

Housing Wire

MARCH 28, 2022

As the end of the first quarter of 2022 approaches, the expected blossoming of the non-QM lending space in the private label market is well underway. . With mortgage rates now hovering around 5%, compared with 3% or lower for much of last year, the low-hanging fruit of the refinancing market is now pretty much picked over.

Loans 370

Loans Lending Investor Mortgages 370

McKissock

AUGUST 7, 2022

It’s no surprise that people are still wary of repeating this crisis whenever there’s an extreme flux in the housing market — like our current market, almost two decades later. . However volatile our current market may be, it’s important to note that we are not doomed to repeat the 2000s housing crisis.

Pre-approval 91

Pre-approval Bankruptcy Banks Loans 91

App Folio

DECEMBER 18, 2020

To better understand where the real estate industry is headed, we reached out to top thought leaders from residential property management, community associations management, and investment management to learn more about their experiences in 2020 and what they are doing to prepare for the year ahead. . Product Marketing Manager, AppFolio.

Industrial 105

Industrial Property Management Investor Technology 105

The Close

DECEMBER 27, 2022

I bought my first investment property at 21 years old, before I really understood the potential impact of real estate market cycles. But it took time and experience to figure out the particular moments in a real estate market cycle that are better for different types of investing. Understanding Real Estate Market Cycles.

Investor 91

Investor Staging Marketing Banks 91

Marco Santarelli

JULY 25, 2022

How Does a Market Crash Affect Homeowners? If home values fall quickly, purchasers may find themselves with underwater mortgages, which means they must either stay in the house until the market recovers or sell and lose money. Instead, they will lose their homes to foreclosure and often file for bankruptcy in the process.

Marketing 52

Marketing Lending Mortgages Equity 52

HomeLight

JUNE 16, 2023

If you’re a homeowner with consumer or student debt, it’s tempting to tap into your home’s equity with a cash-out refinance to pay down these balances. Homeowners may refinance to secure a lower interest rate, change their loan terms, or, as in this case, tap into their home equity.

Fixed-rate mortgage 61

Fixed-rate mortgage Equity Debt-to-income ratio Loans 61

Housing Wire

SEPTEMBER 29, 2022

MAXEX , a major mortgage trading and aggregating platform, has unveiled a series of new programs designed to serve originators and loan buyers in the growing non-QM lending market. That has left “originators scrambling for liquidity in this growing market segment,” MAXEX’s announcement of the new non-QM initiative states.

Marketing 378

Marketing Pre-approval Investor Bankruptcy 378

HomeLight

AUGUST 16, 2021

Since this segment of the market is moving really quickly right now, Christina is here to share the systems and scripts that she’s used to help sell more than 2000 distressed properties in her 20-year career. So let’s find out what it takes to succeed in this evolving aspect of the market. This is “The Walkthrough.”

Marketing 75

Marketing Short sale Bankruptcy Banks 75

GeekEstate

JANUARY 3, 2022

Bye Bye Zillow Offers: The shockwaves of Zillow’s iBuying shutdown were large and long lasting…the industry topic de jour for weeks. It’s a crazy time to be alive, but it’s definitely an even crazier time to be making a living in the MLS industry. However, bankruptcy filings showing $1.29 Here’s what else changed in 2021.

Industrial 118

Industrial Bankruptcy Development MLS 118

The Close

JANUARY 20, 2023

We will also review less common, yet equally important, items like investment strategies, market analysis, property acquisition, and time commitment. Wholesale real estate investing is a good choice if you’re looking for short-term opportunities to break into the investing industry by leveraging your existing skills as an agent.

Investor 90

Investor Finance MLS Property Management 90

Notorious ROB

JUNE 12, 2022

In part 1 , we covered legal and regulatory challenges to the real estate industry. Startups across all sectors, from healthcare to enterprise SaaS to crypto, are laying off portions of staff and citing, seemingly, from the same notes: it’s a tough market, a time of uncertainty, and a correction toward sustainability is needed.

Investor 86

Investor Banks Bankruptcy Equity 86

Realty Biz

SEPTEMBER 30, 2023

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. However, generally, a credit score below 620 is often seen as a lower credit score in the mortgage industry. This adds an additional cost to your monthly payments.

Finance 97

Finance Debt-to-income ratio FHA loan Mortgages 97

HomeLight

APRIL 29, 2022

Since its inception, Zillow has become a massive player in the online real estate industry. for on-market homes and 6.9% for off-market homes. After answering seven simple questions, our algorithm goes to work and uses housing market data to give you a ballpark idea of your home’s value. Realtor.com. Foreclosure.com.

Agents 93

Agents Bankruptcy Loans Sales 93

Housing Wire

JANUARY 31, 2022

MSP is a single, comprehensive platform used by servicers of all sizes to support a wide range of loan products, including first mortgages and home equity loans and lines of credit on a single system. MSP is used to service approximately 36 million loans,” Black Knight President Joe Nackashi said. Anthony Jabbour, CEO.

Loans 348

Loans Bankruptcy Equity Investor 348

HomeLight

JULY 31, 2021

Here’s a little background on what cash buyers tend to prioritize and look for when they make an offer, according to experts in the real estate and investing industry we spoke with directly. Value-add is the process of remodeling a home or complex to increase the value and add equity,” Shipwash explains. “In Motivated sellers.

Earnest money deposit 98

Earnest money deposit Inspection Proof of funds Inspection contingency 98

Notorious ROB

DECEMBER 19, 2022

Relevant to this thinking is the fact that the term “MLS” is nowhere defined, other than in private industry groups’ own rules and policies. I think they were kind of forced into it a bit early due to the Jerome Powell housing market, but if that’s true… well, then that’s Opendoor showing out. CMLS defines it.

MLS 79

MLS Agents Pre-approval Brokerage 79

HomeLight

DECEMBER 2, 2021

Short sales aren’t common in the current market, according to Helali, but can occur when competitive buyers have overbid due to low inventory and high demand. Typically, it’s best to list it at market value to recoup as much money as possible. A conservative industry estimate might be six months, start-to-finish. The process.

Short sale 82

Short sale Sales Loans Banks 82

Toronto Realty Blog

DECEMBER 19, 2023

For reference, here are the Top Five Real Estate Stories Of 2022: 5) The Rental Market & The Future Of Landlords’ Rights 4) Development: Yes or No? The housing style and the market for them. As for the pricing of pre-construction condos and the market for them, we covered this topic many times in 2023! Development.

Pre-approval 82

Pre-approval Construction Development Agents 82

Housing Wire

APRIL 22, 2022

The mortgage market is facing a crisis today, and it’s being fueled by fast-rising interest rates. It’s a crisis that one industry executive describes as “a situation where we have to get the pig through the belly of the python.”. The rate escalation started at the beginning of this year and is continuing to play out.

Loans 393

Loans Lending Mortgages Investor 393

Housing Wire

MARCH 10, 2022

In one of the bulletins, the watchdog listed seven potential schemes that a borrower in financial distress could fall victim to, including a fake government modification scheme, rent-to-own scheme, and foreclosure and bankruptcy schemes. HUD’s home equity conversion mortgage program accounts for most of the reverse mortgage market.

Bankruptcy 375

Bankruptcy Loans Mortgages Title 375

Housing Wire

MARCH 26, 2024

The Home Equity Conversion Mortgage (HECM) program faces stability and viability challenges stemming from the 2022 collapse of a major industry lender and its extinguishment from the HECM-backed Securities (HMBS) program, which could warrant congressional scrutiny if these challenges are not properly addressed by the U.S. Of the $24.6

Bankruptcy 376

Bankruptcy Loans Banks Mortgages 376