Housing Wire

SEPTEMBER 22, 2023

For one thing, no fixed-income investor thinks that mortgage-backed securities with 7% mortgage rates will be there when the Fed finishes the inflation fight. So you’re having to encourage investors with wider spreads to accept that. For existing homeowners, that’s good news because it means equity accumulation.

FHA loan 450

FHA loan Bankruptcy Marketing Loans 450

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. The comprehensive MSP servicing system supports all areas of loan servicing for both first mortgages and home equity products.

Lending 410

Lending Bankruptcy Equity Loans 410

Housing Wire

JANUARY 11, 2024

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.

Lending 431

Lending Bankruptcy Mortgages Banks 431

Housing Wire

SEPTEMBER 8, 2022

So when you add move-up buyers, move-down buyers, first-time homebuyers, cash buyers and investors together, this can get out of hand. For the traditional homeowner who bought a home many years ago and has seen their nested equity position explode higher, this isn’t much of an issue.

Loans 544

Loans Banks Bankruptcy Equity 544

Housing Wire

MAY 30, 2024

Ginnie Mae is aiming to roll out plans for its new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) product by the end of the year, according to acting president Sam Valverde, who spoke at the National Reverse Mortgage Lenders Association (NRMLA) Eastern Regional Meeting in Washington, D.C., on Wednesday.

Bankruptcy 439

Bankruptcy Loans Equity Development 439

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 431

Mortgages Bankruptcy Loans Equity 431

Housing Wire

DECEMBER 13, 2024

Importantly, the association said that the recent development of Ginnie Maes new, complementary Home Equity Conversion Mortgage ( HECM )-backed Securities ( HMBS ) product known as HMBS 2.0 The trade group acknowledged that investor demand for such a product is likely to be small, but this doesnt mean it couldnt make a difference.

Bankruptcy 365

Bankruptcy Loans Investor Banks 365

Housing Wire

JANUARY 31, 2022

For more than 50 years, the Black Knight MSP loan servicing system has been helping power servicing operations from loan boarding, payment processing and escrow administration to investor reporting, compliance management, default processing and more.

Loans 361

Loans Bankruptcy Equity Investor 361

Housing Wire

FEBRUARY 18, 2022

Redfin plans to completely revamp its mortgage services in 2022 following the expected acquisition of Bay Equity Home Loans in the second quarter. He repeatedly mentioned that the company had fallen into bankruptcy and was “not on track” to even make a profit before subtracting operating expenses.

Bankruptcy 397

Bankruptcy Brokerage Title Equity 397

Housing Wire

SEPTEMBER 29, 2022

MAXEX is an Atlanta-based fintech company that is backed by leading private-equity and capital-markets investors, including J.P. The higher coupons of the expanded-credit deals make them more attractive to investors versus the limited supply of higher-coupon prime pools. … Morgan Chase.

Marketing 384

Marketing Pre-approval Bankruptcy Loans 384

Housing Wire

FEBRUARY 23, 2024

Despite reporting a GAAP net loss of $390 million in 2023, investors seem to be sold on the company’s path towards Rocket’s “AI-fueled homeownership strategy,” a phrase repeatedly used by executives in a fourth-quarter earnings call on Thursday. The BUY+ program provided borrowers a credit equal to 1.5%

Bankruptcy 421

Bankruptcy Equity Loans Banks 421

Housing Wire

MAY 26, 2022

The Baby Boomers are not selling their homes en masse, and we have more investors providing shelter for renters than before. People were filing for foreclosures and bankruptcy for years, and then, after all that, the job loss recession happened in 2008. You don’t want to overcomplicate this topic. Hey, a person can hope, right!

Construction 522

Construction Bankruptcy Sales House Flipping 522

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 417

Bankruptcy Loans Mortgages Equity 417

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. Deephaven Mortgage , CarVal Investors , Verus Mortgage Capital , Acra Lending and Excelerate Capital. Non-QM lender First Guaranty Mortgage Corp. I like the tailwinds in housing, for sure.

Lending 384

Lending Banks Bankruptcy Loans 384

Housing Wire

MARCH 28, 2022

The sponsors and loan aggregators in the private label securities (PLS) deals that have come to market so far this year include affiliates of real estate investment trusts, private equity firms as well as more familiar names in the non-QM space, such as Verus Mortgage Capital , Ellington Financial , Angel Oak and Deephaven Mortgage.

Loans 370

Loans Lending Mortgages Investor 370

Housing Wire

JANUARY 4, 2022

Most of the buyers are move-up buyers, and if you’re moving up to buy the property, you’re tapping into the equity from the property you’re selling, which is also going up in value 20% [year-over-year],” he added. “I I don’t think we’re seeing a lot of 3%- or 5%-down mortgages on those higher-priced homes. …

Marketing 379

Marketing Debt-to-income ratio Loans Mortgages 379

Housing Wire

APRIL 22, 2022

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 397

Loans Lending Mortgages Investor 397

HomeLight

AUGUST 31, 2020

This means that you cannot sell your house and pocket any equity from the sale until that tax lien debt is satisfied. Your city or county can create a tax lien certificate that can be sold to outside investors. The upside is that a private investor may be flexible and willing to compromise on the payment timeline or the amount owed.

Bankruptcy 105

Bankruptcy Equity Title Closing 105

HomeLight

FEBRUARY 23, 2024

Here are a few reasons why you might find yourself in a need-to-sell situation: Tight finances: Selling fast can alleviate the stress of financial burdens such as medical bills, bankruptcy, or looming foreclosure. Going through divorce: A quick sale of your marital home can simplify the divorce process and help both parties to move on.

Bankruptcy 111

Bankruptcy Sales Inspection Equity 111

HomeLight

JULY 12, 2022

While they are sometimes comprised of small, local online buyers or investors, the companies reshaping the home sale landscape are larger investor groups and iBuyers (instant buyers), which tend to be corporations funded by large capital groups. Selling to an investor group or iBuyer isn’t attractive to everyone.

Purchase and sale agreement 109

Purchase and sale agreement Investor Equity Sales 109

Realtor.com

MARCH 24, 2021

Many of these loans are held in bank portfolios, where the bank has considerable discretion to offer the type of relief it sees fit, while others are owned by smaller investors or packaged into private-label securities, where the deal documents can govern what types of relief servicers can offer to borrowers.

As-is 85

As-is Mortgages Bankruptcy Purchase and sale agreement 85

HomeLight

MARCH 16, 2023

The Greater Houston area is expected to continue being a hot investor marketplace this year as its 7.2 Learn more: 7 of the Top We Buy Houses for Cash Companies in Houston However, first-time or fair-weather investors facing high interest rates and inflation have created some challenges in the Texas market.

Sales 93

Sales Purchase and sale agreement Earnest money deposit Bankruptcy 93

Propmodo

APRIL 30, 2024

The market’s distress is unwelcome news for most, but it’s leading to opportunities for some investors to go on the offensive. Peebles Corporation is one of those investors. There’s a surge of interest in the market from investors like Willowbrook Partners, who are looking to take advantage of rescue capital transactions.

Commercial 67

Commercial Bankruptcy Equity Investor 67

The Close

JANUARY 20, 2023

One of the biggest mistakes real estate investors make is using a strategy that doesn’t fit with the market conditions or area. Success in real estate investing is less often dependent upon the skills or talent of the investor and more often the timing of the market. The saying “a rising tide floats all boats” comes to mind.

Investor 98

Investor Finance Bankruptcy Property Management 98

HomeLight

JULY 31, 2021

The main method is to request a cash offer from an investor or cash-buying company that will likely purchase your home “as is.” Your buyer could be an investor who plans to turn your home into a rental, an iBuyer (instant buyer) that provides quick offers online, or a house flipper who plans to remodel and resell the property for a profit.

Earnest money deposit 98

Earnest money deposit Inspection Inspection contingency Title 98

Marco Santarelli

SEPTEMBER 6, 2020

Instead, we’re suggesting you loan money to other real estate investors through crowdfunding sites. You can vet each investor’s project individually, but you aren’t dealing with individual investors personally. You can diversify your holdings, loaning several hundred or thousand dollars to each would-be investor.

Lending 135

Lending Loans Investor Branding 135

HomeLight

AUGUST 10, 2022

Diamond Equity Investments. With 15 years in the business, Diamond Equity Investments say they’ll buy houses being sold for any reason such as bankruptcy or foreclosure, in any condition — even fire damage — and that have baggage like large liens, title issues, or low equity. Individual investor fees may vary.

Closing costs 97

Closing costs Purchase and sale agreement Closing Staging 97

The Close

MARCH 9, 2023

Within two short years, the Keller Williams brokerage I was leading went from near bankruptcy to number 10 out of more than 700 brokerages! And with less equity, sellers are more focused on paying their mortgage than moving up into a larger house. However, once the market shifted, the buyers stopped calling—and then so did the sellers.

Agents 98

Agents Marketing Brokerage Bankruptcy 98

HomeLight

AUGUST 16, 2021

You can buy properties for yourself, you can help your investors create wealth, or you can just help a regular owner occupant that’s looking for a really great deal find a property that they can make their own. So when someone hasn’t paid 12 to 18 months of payments, that’s gonna eat up a very large portion of equities.

Marketing 76

Marketing Short sale Bankruptcy Banks 76

Real Estate Finance HQ

AUGUST 25, 2017

Bankruptcy: You can qualify for FHA loans one year after Chapter 13 bankruptcy, two years after Chapter 7 and three years after a foreclosure, provided you’ve had no negative credit events since. Home Equity Loans. equity to qualify. 620 and above: Usually will have their pick of FHA mortgage products and lenders.

FHA loan 40

FHA loan Debt-to-income ratio Inspection Loans 40

Marco Santarelli

JULY 25, 2022

Instead, they will lose their homes to foreclosure and often file for bankruptcy in the process. By 2000, the Nasdaq peaked, and when the tech bubble burst, many high-flying equities plummeted. Due to rising property prices, investors stopped buying homes because the risk premium was too great. As of March 2008, an estimated 8.8

Marketing 52

Marketing Lending Mortgages Loans 52

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.

Pre-approval 98

Pre-approval Construction Development Agents 98

Housing Wire

FEBRUARY 8, 2022

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.

Marketing 370

Marketing Lending Loans Bankruptcy 370

The Close

DECEMBER 27, 2022

Unfortunately, we as investors are mere mortals and don’t have infinite time on this earth. This is because the market is still experiencing a feeding frenzy from buyers and investors looking to cash in on the appreciation from the previous cycle. To the novice investor, it looks like opportunities are everywhere.

Investor 105

Investor Staging Marketing Banks 105

App Folio

DECEMBER 18, 2020

Every day we’re dealing with refinancing and they’re taking equity out of their homes, some to do improvements, which is great, and others to literally feed their families. The concern is that there’s going to be a large wave of bankruptcies once the stays on foreclosures or evictions expire.

Industrial 105

Industrial Property Management Investor Technology 105

HomeLight

OCTOBER 7, 2022

Jennifer Spinelli, founder and CEO of Watson Buys , is a real estate investor and investment advisor based in Denver, Colorado. This can be a significant advantage if you have a large amount of equity in the property.”. This can be helpful in the event that the property owner is going through bankruptcy or other financial struggles.

Sales 110

Sales Agents Bankruptcy As-is 110

Housing Wire

DECEMBER 27, 2024

HousingWire tracked 37 mergers, acquisitions, exits and bankruptcies involving originators, servicers, tech platforms, and appraisal and valuation companies. In 2024, M&A deals accounted for 76% of the total, followed by exits at 22% and bankruptcies at 2%.

Mortgages 383

Mortgages Bankruptcy Loan Officer Loans 383