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 370

Lending Bankruptcy Mortgages Principal 370

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 120

Bankruptcy Debt-to-income ratio VA loan FHA loan 120

Housing Wire

FEBRUARY 8, 2024

Bankruptcies and foreclosures After 2010, the qualified mortgage laws came into play and all the exotic loan debt structures in the system, especially in the run-up in demand from 2002 to 2005, disappeared. Homeowners, on the other hand, are sitting pretty and are the envy of the world.

Bankruptcy 396

Bankruptcy Equity Loans Mortgages 396

Realty Biz

JULY 12, 2021

I’m thinking that bankruptcy might be my only option. What’s important for me to know about filing bankruptcy as a homeowner? How bankruptcies work out is highly dependent on personal circumstances. You definitely want to talk to a bankruptcy attorney before making any final decisions or taking action.

Bankruptcy 92

Bankruptcy Equity Mortgages As-is 92

Housing Wire

FEBRUARY 23, 2024

To the extent that you can get loans off your balance sheet faster, it lowers your financing costs. In 2023 alone, the mortgage industry saw a total of 62 merger and acquisition transactions, lender exits and bankruptcies. of the purchase loan amount when using a real estate agent from Rocket Homes to find a property.

Equity 368

Equity Bankruptcy Loans Mortgages 368

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. As we can see below, the bankruptcy levels were extremely high before the bankruptcy law was passed in 2005.

Bankruptcy 513

Bankruptcy Lending Equity Mortgages 513

Housing Wire

SEPTEMBER 22, 2023

Read on to learn more about Duncan’s views on the housing market, loan performance and affordability challenges homebuyers face. For existing homeowners, that’s good news because it means equity accumulation. The servicing side of the business is doing very well because those loans are simply not going to prepay for a long time.

FHA loan 424

FHA loan Bankruptcy Marketing Loans 424

Housing Wire

DECEMBER 27, 2023

The company hopes to reach its goal by growing organically with more loan officers under a dozen business development managers. There were also a few cases of bankruptcy. HousingWire tracked 62 mergers, acquisitions, exits and bankruptcies covered by the newsroom in 2023. bankruptcies. exits and 3.2%

Mortgages 369

Mortgages Bankruptcy Lending Loan Officer 369

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 263

Bankruptcy Equity Technology Lending 263

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 342

Bankruptcy Loans Mortgages Equity 342

Realty Biz

SEPTEMBER 25, 2021

Your home equity is the difference between what you owe on your mortgage(s) and what your home is currently worth if you sold it today (the appraised value). For instance, if the remaining balance on your mortgage is $195,000 and the market value is $295,000, you have $100,000 of equity in your home. Your equity increases in two ways.

Equity 91

Equity Loans Bankruptcy Mortgages 91

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.” One of the top 10 lenders that posted gains, however, was Open Mortgage. This is a different situation.”

Mortgages 391

Mortgages Bankruptcy Principal Finance 391

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 377

Lending Bankruptcy Equity Loans 377

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 355

Mortgages Marketing Banks Loans 355

Housing Wire

FEBRUARY 5, 2021

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. billion in net income during the fourth quarter of 2020 and HomePoint originated a total of $38 billion in loans through the first three quarters of 2020.

Lending 312

Lending Bankruptcy Mortgages Title 312

Housing Wire

NOVEMBER 6, 2020

In some cases, the account holders asked to be removed and continued making their normal loan payments. . A major complaint from the plaintiffs highlighted the negative impact the forbearance had on their individual credit scores. Senator Elizabeth Warren, D-Mass.,

Bankruptcy 257

Bankruptcy Banks Equity Loans 257

Housing Wire

FEBRUARY 8, 2022

Non-QM mortgages include loans that cannot command a government, or “agency,” stamp through Fannie Mae or Freddie Mac. Non-QM loans typically make use of alternative-income documentation because borrowers cannot rely on conventional payroll records or otherwise fall outside agency credit guidelines.

Marketing 337

Marketing Lending Loans Bankruptcy 337

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 387

Bankruptcy Brokerage Title Equity 387

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 bank calls out 16 non-QM lenders in the text message, indicating it is ramping up scrutiny of its loan reviews, prior to advancing warehouse funding.

Lending 357

Lending Banks Bankruptcy Loans 357

Realty Biz

DECEMBER 29, 2021

Among the many mortgage options buyers have, the FHA loan is one of the most popular. Read on for a complete rundown of what an FHA loan is, how you qualify for one, and how an FHA loan compares to a conventional home loan. What Is an FHA loan? An FHA loan can be for up to 96.5% homeownership rate.

FHA loan 104

FHA loan Loans Bankruptcy Mortgages 104

Housing Wire

DECEMBER 29, 2021

Also, post-2010, the loans in American are very vanilla on the debt structure side of the equation. This has led to much better cash flow, so FICO scores have exploded higher and the best part of this all is that we have no exotic loan debt structures in the system. These households got sub-3.5% million toward the end of the year.

Marketing 524

Marketing Equity Construction Bankruptcy 524

Housing Wire

MARCH 28, 2022

“I think the mega-platforms, like the loanDepots, Rocket Mortgages and UWMs — they will get into non-QM, but they will do it in a very small sector because of the manual nature [of underwriting non-QM loans] and the expertise needed. “It’s Several other big nonbanks have investor loan products as well.).

Loans 343

Loans Lending Investor Mortgages 343

Housing Wire

SEPTEMBER 18, 2023

Dark Matter Technologies , formerly Black Knight Origination Technologies, is focused on mainly two things: the smooth transition to new owners, and lowering the cost to originate loans for lenders. How does the company expect to manage profit amid industry consolidation , bankruptcies and attrition?

Technology 458

Technology Mortgages Bankruptcy Industrial 458

Housing Wire

JANUARY 4, 2022

In total, UWM, through its conduit UWM Mortgage Trust, sponsored seven securitization deals last year involving nearly 9,500 loans valued in total at $3.9 In 2021, two of its seven private-label issuances involved jumbo loans with a combined value of $1.2 That’s a strong start for a new issuer. “A

Marketing 300

Marketing Debt-to-income ratio Loans Mortgages 300

RIS Media

AUGUST 19, 2021

When it comes to other debts, such as business or personal loans and credit cards, your creditors might seek a judgment against you that could put your home at risk. In most states, a certain dollar amount of home equity is exempt from creditors under the Homestead Exemption. Should You Declare Bankruptcy?

Bankruptcy 98

Bankruptcy Equity Loans Commercial 98

Housing Wire

DECEMBER 8, 2021

.” Getting ahead of this flawed premise, I wrote a series of articles that point out that this isn’t the credit bubble of 2002-2005, and the loans post-2010 were good. We have gone from near 5 million loans in forbearance to finally breaking under 1 million recently. America came back strong, and we left this crew in the dust.

Bankruptcy 514

Bankruptcy Loans Sales Short sale 514

McKissock

AUGUST 7, 2022

It didn’t help that the Federal Reserve was not strictly regulating the bank’s loan screening and approval process. Therefore, the banks approved mortgages to customers without regard for their ability to repay the loan. Other fields also faced bankruptcy due to credit issues.

Pre-approval 91

Pre-approval Bankruptcy Banks Loans 91

Realtor.com

FEBRUARY 4, 2022

“This protects not only the equity in your home but other assets that could be lost should a claim arise.” Homestead exemption: So what if, instead of a lawsuit, you’re facing a creditor or bankruptcy? In California, $75,000 to $150,000 in equity is insulated from creditors.”.

Equity 115

Equity Bankruptcy Loans Mortgages 115

Realty Biz

SEPTEMBER 30, 2023

By comparing loan options, understanding loan terms and interest rates, and exploring resources for mortgage comparison, you can find the right mortgage lender for your financial situation. Seek professional advice: Working with a mortgage professional, such as a loan officer or mortgage broker, can provide valuable guidance.

Finance 98

Finance Debt-to-income ratio FHA loan Mortgages 98

RIS Media

JANUARY 29, 2021

Between prime (highest-quality) and subprime (lowest-quality) home loans are a category called “Alt-A mortgages.” . The federal government sets guidelines for Qualified Mortgages that focus on a borrower’s ability to repay the loan. How Are Requirements Different for Alt-A Loans? An Alt-A loan may be available sooner.

Debt-to-income ratio 91

Debt-to-income ratio Mortgages Bankruptcy Loans 91

Realty Biz

OCTOBER 4, 2022

Rent-to-own is a great way to buy a house after bankruptcy or when you have a ding in your credit. If home values shoot up over the term of your lease, you’ll have more equity when you apply for a mortgage. A portion of your rent is also going toward building equity in the home. The option fee is nonrefundable.

Purchase and sale agreement 69

Purchase and sale agreement Mortgages Loans Bankruptcy 69

HomeLight

NOVEMBER 9, 2021

According to Benson, homeowners sometimes contact her directly for an appraisal if they need to know how to price their home, if they’re getting ready to retire, or if they’re declaring bankruptcy. You might also refinance if you need to dip into your home equity (the difference between what you owe and what your home is worth).

Purchase and sale agreement 89

Purchase and sale agreement Equity Bankruptcy Finance 89

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 545

Marketing Bankruptcy Sales FHA loan 545

Housing Wire

NOVEMBER 13, 2023

. $700 billion in taxpayer funds were authorized to help stabilize the economy in free fall in the wake of the Lehman bankruptcy and a mortgage market meltdown. And key federal agency mortgage loan programs like FHA , VA, and Fannie Mae and Freddie Mac have fully embraced them. How did this work during COVID?

Banks 315

Banks Loans Bankruptcy Mortgages 315

Marco Santarelli

JULY 25, 2022

Instead, they will lose their homes to foreclosure and often file for bankruptcy in the process. Neither the 20 percent interest rates of the early 1980s nor the devastation of the savings and loan sector in the early 1990s led to a similar drop in property values. In response to the technology bust, the U.S.

Marketing 52

Marketing Lending Mortgages Equity 52

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. In fact, 42% of MSP clients service fewer than 50,000 loans.”.

Loans 278

Loans Bankruptcy Equity Investor 278

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 329

Marketing Pre-approval Investor Bankruptcy 329