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. We are thrilled to introduce Kind Lending to the world.

Lending

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

Housing Wire

OCTOBER 31, 2022

One of the unsung heroes of the most prolonged economic and job expansion ever recorded in history was the passing of the 2005 Bankruptcy Reform Act and the 2010 qualified mortgage rule under Dodd-Frank. Both these laws paved the way for more responsible lending and a more responsible consumer. Today, we are at 1.25

Bankruptcy

Housing Wire

JUNE 12, 2024

The nested equity level of U.S. Not being underwater is a plus — having enough equity to sell and cover the transaction cost is even more significant if you’re financially stressed and need to sell. Also, many homeowners count on their equity growth to help them with a down payment for their next home. We only have 1.8%

Equity

Housing Wire

FEBRUARY 17, 2023

The partnership was made public by Figure on Thursday and comes a day after an announcement from Celsius — which filed for bankruptcy in July 2022 — that it will be acquired by NovaWulf. NewCo is expected to be a public reporting company that is initially 100% owned by Celsius creditors with its common equity provided in a tokenized form.

Bankruptcy

Housing Wire

DECEMBER 27, 2023

There were also a few cases of bankruptcy. HousingWire tracked 62 mergers, acquisitions, exits and bankruptcies covered by the newsroom in 2023. bankruptcies. ” Planet Home Lending: Focusing on MSRs Some M&A transactions are not motivated purely by the origination platform. exits and 3.2%

Mortgages

Housing Wire

SEPTEMBER 8, 2022

Well, it isn’t 2008, but this type of loan does have risk — and it’s the risk that is traditional among all late economic cycle lending in America when the loan requires low or no downpayment. If they lost their job, they have a lot of equity in their home, and most likely their financials have gotten better over time.

Loans

Housing Wire

AUGUST 15, 2024

8 was a nearly 400-page appendix of agreement terms, program information and correspondence between Ginnie Mae, TCB and leaders at Reverse Mortgage Funding (RMF), the former lender at the center of the dispute that filed for bankruptcy in late 2022. The first filing made on Aug.

Bankruptcy

Housing Wire

APRIL 10, 2024

The company also provides commentary for its fourth quarter 2023 financial performance, assesses its market advantages and offers an assessment of impacts stemming from changes in Ginnie Mae ’s Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program.

Investor

Housing Wire

JUNE 14, 2024

New filings The filing, posted to the court docket on Friday morning, shows the immediate bankruptcy concern of leaders at RMF and the lack of willingness from other reverse mortgage industry participants to assume control of the full loan portfolio. Ginnie Mae ultimately seized the RMF servicing portfolio on or about Dec.

Bankruptcy

Housing Wire

DECEMBER 29, 2022

In 2008, the rise of foreclosures and bankruptcy were waving red flags before the job-loss recession even happened. Today, it’s the complete opposite story: the 2005 bankruptcy reform laws and the 2010 Qualified Mortgage laws laid the foundation for the best housing credit profiles recorded in U.S.

Marketing

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. The Flagstar text message leaked to the media in mid-July confirmed, going forward, funding advances for non-QM mortgages will require advance approval by the lender’s warehouse lending arm.

Lending

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

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 could serve as a logistical template for such a product. MBA detailed some of its reasoning for looking to the existing HMBS program and HMBS 2.0

Bankruptcy

Realty Biz

APRIL 5, 2022

One of the frequently asked questions during today’s booming housing market is can I qualify for a mortgage during Chapter 13 Bankruptcy. Chapter 13 Bankruptcy is a court-approved debt repayment plan where their debts are restructured over a period of three to five years. Mortgage Options During Chapter 13 Bankruptcy.

Bankruptcy

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. . Consequently, the hunt is on for opportunities in the purchase market, and that’s why non-QM lending is expected to become a sweet spot in the mortgage market, according to industry observers.

Loans

Housing Wire

JANUARY 4, 2022

That was the start for the nonbank lender, which dominates the nation’s wholesale mortgage lending sector with an estimated 33.5% share of the market as of 2020, according to Kroll Bond Rating Agency (KBRA), which reviewed all the lender’s private-label transactions in 2021.

Marketing

Housing Wire

APRIL 22, 2022

For the sector of the mortgage market engaged in non-QM lending, the volatile rate environment is a particular challenge. Some non-QM lenders have parent companies in the private equity space or have affiliates organized as real estate investment trust, and some even have affiliated real estate mortgage investment conduits (REMICs).

Loans

McKissock

AUGUST 7, 2022

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. Other fields also faced bankruptcy due to credit issues. This crash didn’t just affect the real estate industry.

Pre-approval

HomeLight

AUGUST 26, 2020

The good news is, you can arrange to have PMI removed once you have 20% equity built up in your home. However, the lender will not automatically remove PMI once you hit your 20% equity threshold — so be sure to keep an eye on it and contact your lender when you know you have 20% equity built up. Chapter 7 Bankruptcy.

FHA loan

Marco Santarelli

SEPTEMBER 6, 2020

Lending money through the crowdfunding site eliminates the need to have a detailed contract with the borrower or having an equity stake in the property itself. You can choose which lending platform you go through, too. If they are sued or go into bankruptcy, you’re joined at the hip as their business partner.

Lending

Propmodo

APRIL 30, 2024

Investment data firm Prequin estimates global real estate funds operated by private equity firms had a record $544 billion in cash as of the second quarter of 2023, up from $457 billion at the end of 2022. As property distress spreads, other debt-workout scenarios like bankruptcies and foreclosures will still be in play.

Commercial

Realtor.com

MARCH 24, 2021

Knowing that a foreclosure was pending, Fairbanks contacted a real-estate agent to sell her house, which would likely allow her to walk away with upwards of $100,000 in equity, she says. Bankruptcy Court for the Western District of Washington ruled in Fairbanks’s favor in January. whose home was sold in a foreclosure last fall.

As-is

HomeLight

DECEMBER 23, 2021

If you have a lien against the property such as mortgage, second mortgage, or home equity line of credit, you’ll need to resolve that lien using proceeds from the sale. Before a buyer can take title to a house, the seller must clear title, or in other words prove that the title is free of issues such as liens, judgments, or bankruptcies.

Title

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. These programs are designed to provide more flexible lending requirements and lower down payment options. This adds an additional cost to your monthly payments.

Finance

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. In the next six years, the homeownership craze developed as interest rates fell and lending standards were relaxed.

Marketing

Real Estate Finance HQ

AUGUST 25, 2017

The FHA doesn’t actually lend any money. FHA lending guidelines are different from those of the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac) simply because they’re designed specifically to help low-income prospective home buyers. Home Equity Loans.

FHA loan

Housing Wire

FEBRUARY 14, 2025

Foreclosures and bankruptcy The housing bubble years were marked by a massive credit boom and not necessarily due to low mortgage rates. However, one thing was glaring in the data lines back then: We had foreclosures and bankruptcies rise quickly in 2005, 2006, 2007, and 2008, all before the 2008 recession. FICO scores In the U.S.,

Bankruptcy

Housing Wire

FEBRUARY 8, 2022

in early 2021 as part of a larger plan to expand its origination reach beyond California — with the goal of creating a national lending footprint. . 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

Housing Wire

MAY 25, 2022

The home itself is a depreciating asset, which makes it difficult for manufactured homeowners to build equity or intergenerational wealth. But when home prices depreciated, it flamed out, and its parent Conseco filed for bankruptcy protection in 2002. This was classic fog-the-mirror underwriting and lending, invoice-fixing.”.

Finance

Toronto Realty Blog

JANUARY 5, 2023

So he’s not without equity. And if he is without equity, then the story here shouldn’t be about mortgage renewal rates but rather about people using their house as an ATM, living lavishly, and ignoring financial responsibilities. Filing for bankruptcy? He’s up a paltry $1,110 per month on two properties.

Banks

Housing Wire

SEPTEMBER 26, 2024

Gordon paid specific attention to the events surrounding the Home Equity Conversion Mortgage ( HECM ) program. Gordon also cited a policy that now allows for the counting of positive, on-time rental payment history when making a lending decision for a first-time homebuyer. Handbook, which featured a long-awaited HECM section.

Mortgages

Notorious ROB

JUNE 12, 2022

Now, said zombie company is really dead and enters bankruptcy proceedings. Bankruptcies – not yet, but 20% of the 3,000 largest public companies are “zombie companies” . Rate increases means greater likelihood of recession, meaning layoffs, meaning banks being more skittish about lending.

Banks