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 367

Mortgages Bankruptcy Loans Equity 367

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%

Equity 365

Equity Bankruptcy Loans Mortgages 365

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 543

Loans Banks Equity Closing costs 543

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 338

Bankruptcy Loans Mortgages Equity 338

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 374

Lending Bankruptcy Equity Loans 374

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 328

Marketing Pre-approval Investor Bankruptcy 328

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 384

Bankruptcy Brokerage Title Equity 384

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 278

Loans Bankruptcy Equity Investor 278

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 Investor Equity 67

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 94

Investor Staging Marketing Banks 94

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 337

Marketing Lending Loans Bankruptcy 337

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 493

Construction Bankruptcy Sales House Flipping 493

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 355

Lending Banks Bankruptcy Loans 355

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 343

Loans Lending Investor Mortgages 343

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 299

Marketing Debt-to-income ratio Loans Mortgages 299

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 96

Bankruptcy Sales Inspection Equity 96

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 369

Loans Lending Mortgages Investor 369

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 Purchase and sale agreement Bankruptcy 85

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 93

Bankruptcy Equity Title Closing 93

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 92

Investor Finance MLS Property Management 92

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 65

Sales Purchase and sale agreement Earnest money deposit Investor 65

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 80

Purchase and sale agreement Investor Equity Closing 80

Notorious ROB

JUNE 12, 2022

Securing loans is now a tall task: Junk-rated companies, as denoted by S&P Global Ratings and Moody’s Investors Service, have only borrowed $56 billion in the bond market so far this year, down 75% year-over-year; May saw new loan starts of under $6 billion, a massive dropoff from January’s $80 billion, according to Bloomberg.

Investor 86

Investor Banks Bankruptcy Equity 86

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

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 Proof of funds Inspection contingency 98

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 90

Agents Marketing Brokerage Bankruptcy 90

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 Equity 52

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 75

Marketing Short sale Bankruptcy Banks 75

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 76

Closing costs Purchase and sale agreement Closing Staging 76

GeekEstate

JANUARY 3, 2022

However, bankruptcy filings showing $1.29 The residential analogy is if Opendoor just went belly-up with bankruptcy filings, lay-offs, and an asset fire sale from one day to the next. A surge of investor confidence in shares of DocuSign. billion owed is a stark reminder of the pace of change. Stewart acquisition of NotaryCam.

Industrial 116

Industrial Bankruptcy Development MLS 116

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

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

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.

Agents 87

Agents Sales Bankruptcy As-is 87

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 83

Pre-approval Construction Development Agents 83

Notorious ROB

DECEMBER 19, 2022

A bidding war broke out in December, and Fundrise LLC, an online property-investing platform, won with its $32 million bid, which was submitted on behalf of about 150,000 individual investors. billion in equity to support its own BTR strategy, partnering with Centerbridge and Allianz Real Estate. Finally, D.R.

MLS 79

MLS Agents Pre-approval Brokerage 79