Housing Wire

DECEMBER 27, 2022

The first half of the year, with mortgage rates in the 3s and 4s, was like “Fast and Furious.” The number of home listings dried up , contracts were canceled , the few buyers still out there demanded concessions , mortgage rates spiked to 7% and homebuilder sentiment hit rock bottom. over asking price. High octane stuff.

Equity 512

Equity Marketing Loans Bankruptcy 512

Housing Wire

JANUARY 11, 2024

District Court for the Northern District of Texas , Ginnie Mae has filed its response to a lawsuit brought against it by Texas Capital Bank (TCB) saying the warehouse lender lacks standing and discounts the authority the government has to extinguish a lender from its reverse mortgage-backed securities program.

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Lending Bankruptcy Mortgages Principal 421

Housing Wire

SEPTEMBER 18, 2023

Read on to learn more about Dark Matter Technologies’ plan for mortgage. Tom George : The way Constellation operates is that we focus on acquiring vertical market software companies and portfolios of vertical market software companies with the intent to stay in these industries forever.

Technology 490

Technology Mortgages Bankruptcy Industrial 490

Housing Wire

JANUARY 22, 2021

Citing anonymous sources, Bloomberg reported that CoStar Group and a private equity group led by Warburg Pincus are currently competing for the data provider, though it is unclear if either have made an offer yet. The post CoStar and private equity group battle for CoreLogic appeared first on HousingWire. Presented by: Black Knight.

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Equity Bankruptcy Investor Commercial 355

Housing Wire

OCTOBER 13, 2022

In the reflection, a mortgage executive sees faint images of the savings and loan crisis of the 1980s and 1990s. 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.

Mortgages 364

Mortgages Marketing Banks Loans 364

Housing Wire

FEBRUARY 23, 2024

Rocket Companies , the parent of Rocket Mortgage , lost money in 2023 , but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. It boils down to increasing capacity at scale via higher productivity.

Equity 417

Equity Bankruptcy Loans Mortgages 417

Housing Wire

SEPTEMBER 22, 2023

The Federal Reserve ‘s effort to temper inflation has cooled the housing market that remains subdued with mortgage rates north of 7%. this week, Fannie Mae Chief Economist Doug Duncan believes that mortgage rates will stay elevated before the Fed makes further rate cuts. “We’ve Kim: Spreads in the mortgage space are wide.

FHA loan 465

FHA loan Bankruptcy Marketing Loans 465

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 392

Bankruptcy Loans Mortgages Equity 392

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. Originations. Secondary Marketing.

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Lending Bankruptcy Equity Loans 419

Housing Wire

FEBRUARY 5, 2021

Kind Lending , national wholesale mortgage lender and second brainchild to mortgage veteran Stearns, announced that the lender originated $1 billion in the first six months of production – a feat that took Stearns first company, Stearns Lending , 15 years to accomplish. Glenn Stearns is back, and not just on television.

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Lending Bankruptcy Mortgages Title 331

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. million.

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Banks Bankruptcy Commercial Equity 374

Housing Wire

APRIL 10, 2023

In December, HousingWire spoke to Flueid about the concept of instant title and why it is a misnomer for mortgage lenders. HousingWire: HousingWire recently spoke to Flueid about the concept of instant title and why it’s a misnomer for mortgage lenders. HW: Almost every area of housing is focused on improving the consumer experience.

Title 344

Title Loans Equity Title search 344

Housing Wire

FEBRUARY 18, 2022

You can’t please all the people all of the time, but Redfin is a unique real estate brokerage , an instant homebuyer, a popular listings website, a platform for renters, a mortgage company, a title company, a concierge service, and a research service on the U.S. housing market. What does that all add up to? When in doubt we go low.”.

Bankruptcy 415

Bankruptcy Brokerage Title Equity 415

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. Non-QM mortgages include loans that cannot command a government, or “agency,” stamp through Fannie Mae or Freddie Mac.

Marketing 352

Marketing Lending Loans Bankruptcy 352

Housing Wire

JULY 22, 2022

Non-QM lender First Guaranty Mortgage Corp. FGMC) filed for Chapter 11 bankruptcy protection at the end of June — leaving four warehouse lenders on the hook for more than $415 million. Sprout Mortgage imploded in early July, leaving its employees out in the cold. That’s probably a little more common than people think.”.

Lending 384

Lending Banks Bankruptcy Loans 384

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 That’s a strong start for a new issuer. “A

Marketing 334

Marketing Debt-to-income ratio Loans Mortgages 334

Housing Wire

MARCH 28, 2022

The figures are drawn from the prime and nonprime (or non-QM) residential mortgage-backed securities deals tracked by Kroll Bond Rating Agency (KBRA). 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 356

Loans Lending Investor Mortgages 356

Realty Biz

SEPTEMBER 30, 2023

Mortgages with Low Credit Scores Mortgages with low credit scores can appear challenging, but there are options available. Understanding how a low credit score affects your mortgage and exploring government-backed programs can help you navigate the process. Can you buy a house with bad credit?

Finance 97

Finance Debt-to-income ratio FHA loan Mortgages 97

McKissock

AUGUST 7, 2022

Therefore, the banks approved mortgages to customers without regard for their ability to repay the loan. When people could not make their mortgage payments, the housing bubble burst and thousands of homes were foreclosed, multiple big-name lenders declared bankruptcy, and the market required government bailouts.

Pre-approval 91

Pre-approval Bankruptcy Banks Loans 91

Marco Santarelli

JULY 25, 2022

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. How Does a Market Crash Affect Homeowners?

Marketing 52

Marketing Lending Mortgages Equity 52

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. MAXEX is an Atlanta-based fintech company that is backed by leading private-equity and capital-markets investors, including J.P. Morgan Chase.

Marketing 362

Marketing Pre-approval Investor Bankruptcy 362

HomeLight

APRIL 29, 2022

Since its inception, Zillow has become a massive player in the online real estate industry. The company makes money from high volume ad sales on their platform — property managers and Premier Agents as well as mortgage lenders and other businesses pay to advertise properties and services — as well as from their home loan program.

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Agents Bankruptcy Loans Sales 95

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.

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Loans Lending Mortgages Investor 407

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.

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Loans Bankruptcy Equity Investor 297

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. . What will 2021 bring? Listen now: ? ?.

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Industrial Property Management Investor Technology 105

HomeLight

AUGUST 16, 2021

This is the show where you’ll learn what’s working right now from the best real estate agents and industry experts in the country. So, listen as Christina and I talk about where this segment of the market is headed, how to prospect for distressed properties, how to approach owners and mortgage holders. Christina: Sure.

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Marketing Short sale Bankruptcy Banks 75

Housing Wire

MARCH 10, 2022

In four bulletins, the government watchdog warned borrowers of loan modification and foreclosure schemes, outlined scams that could impact reverse mortgage borrowers and said that renters, too, can be targeted by nefarious players. HUD’s home equity conversion mortgage program accounts for most of the reverse mortgage market.

Bankruptcy 351

Bankruptcy Loans Mortgages Title 351

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. In some instances, prioritizing paying off your high-interest debt over your fixed-rate mortgage can expedite your journey to financial freedom.

Fixed-rate mortgage 60

Fixed-rate mortgage Equity Debt-to-income ratio Loans 60

Notorious ROB

JUNE 12, 2022

In part 1 , we covered legal and regulatory challenges to the real estate industry. Mortgage companies are laying off thousands as the higher rates are killing the refi business, and the general slowdown in the economy means demand is sharply lower. Now, said zombie company is really dead and enters bankruptcy proceedings.

Investor 86

Investor Banks Bankruptcy Equity 86

HomeLight

DECEMBER 2, 2021

If you’re “upside-down” in your mortgage (owing more than the property is worth), you have a few options. A conservative industry estimate might be six months, start-to-finish. One of them is a short sale. Your agent will also ensure that all additional legal guidelines required in a short sale are followed. The timeline.

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Short sale Sales Loans Banks 83

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.

Bankruptcy 360

Bankruptcy Loans Banks Mortgages 360

Toronto Realty Blog

DECEMBER 19, 2023

In this post, I provided the following reasons: 1) Zoning and approval 2) Economic viablity 3) Financing 4) Bankruptcy 5) The ability to cancel and re-sell without reprisal While a couple of the points are repeated from the previous blog post, the explanations and reasoning are completely different. There’s your starting point!

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Pre-approval Construction Development Agents 82

Housing Wire

MAY 25, 2022

The most affordable manufactured homes are financed with private loans with higher interest rates, shorter terms and fewer consumer protections than mortgage loans. The home itself is a depreciating asset, which makes it difficult for manufactured homeowners to build equity or intergenerational wealth. That means the 17.5

Finance 406

Finance FHA loan Loans Bankruptcy 406

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.

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Earnest money deposit Inspection Proof of funds Inspection contingency 98

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.

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Industrial Bankruptcy Development MLS 116

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. Rocket Mortgage Acquires Redfin. The context of that announcement was Rich Barton saying that 87% of buyers use a mortgage, that the top 25 lenders in the U.S. NAR defines what an MLS is.

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MLS Agents Pre-approval Brokerage 79