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.

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Title Loans Equity Title search 353

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 412

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 520

Equity Marketing Loans Bankruptcy 520

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. From the report: Early delinquency transition rates for mortgages increased by 0.2

Bankruptcy 442

Bankruptcy Equity Loans Mortgages 442

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. To the extent that you can get loans off your balance sheet faster, it lowers your financing costs.

Equity 406

Equity Bankruptcy Loans Mortgages 406

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.

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FHA loan Bankruptcy Marketing Loans 447

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.

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Mortgages Marketing Banks Loans 369

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 517

Bankruptcy Lending Equity Mortgages 517

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.

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

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 387

Bankruptcy Loans Mortgages Equity 387

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. Read on to learn more about Dark Matter Technologies’ plan for mortgage. We plan to be in the mortgage tech space forever.

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Technology Mortgages Bankruptcy Industrial 482

Realty Biz

JULY 12, 2021

In other ways, the pandemic helped a little because I was able to take advantage of some financial help that became available, including the mortgage forbearance program that suspended mortgage payments. I’m thinking that bankruptcy might be my only option. What’s important for me to know about filing bankruptcy as a homeowner?

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Bankruptcy Equity Mortgages As-is 91

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.

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Bankruptcy Equity Technology Lending 303

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. Business Lines, Services and Products.

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Lending Bankruptcy Equity Loans 404

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 350

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.

Equity 91

Equity Loans Bankruptcy Mortgages 91

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 380

Lending Banks Bankruptcy Loans 380

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 292

Bankruptcy Banks Equity Loans 292

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.

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Marketing Lending Loans Bankruptcy 363

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?

Bankruptcy 397

Bankruptcy Brokerage Title Equity 397

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 344

Marketing Debt-to-income ratio Loans Mortgages 344

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 365

Loans Lending Investor Mortgages 365

Housing Wire

DECEMBER 29, 2021

The housing market didn’t crash at all, in fact, more Americans bought homes with mortgages in 2021 than in 2020. mortgage rates, so on the mortgage rate side of the equation, it’s never been better. Also, post-2010, the loans in American are very vanilla on the debt structure side of the equation.

Marketing 532

Marketing Equity Construction Bankruptcy 532

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.

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FHA loan Loans Bankruptcy Mortgages 104

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

Housing Wire

DECEMBER 8, 2021

Not even 5% mortgage rates in 2018 budged this data line too much. ” 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. Higher mortgage rates haven’t materialized as expected. However, it’s not happening.

Bankruptcy 520

Bankruptcy Loans Sales Short sale 520

RIS Media

JANUARY 29, 2021

Lenders offer mortgages for borrowers with a wide range of financial circumstances. 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.

Debt-to-income ratio 98

Debt-to-income ratio Mortgages Bankruptcy Loans 98

RIS Media

AUGUST 19, 2021

If you fail to pay your mortgage on time, you may wind up with your house in foreclosure. 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. Should You Declare Bankruptcy? Will a Creditor Choose to Foreclose?

Bankruptcy 98

Bankruptcy Equity Loans Commercial 98

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.

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Pre-approval Bankruptcy Banks Loans 91

Realty Biz

OCTOBER 4, 2022

Here’s how to determine if rent-to-own or a mortgage is best for you. . 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. Mortgage Pros and Cons.

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Purchase and sale agreement Mortgages Loans Bankruptcy 69

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.”.

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Equity Bankruptcy Loans Mortgages 115

HomeLight

NOVEMBER 9, 2021

Depending on the location and mortgage company, a qualified appraiser may hold either an associate or bachelor’s degree, have 12-18 months of experience working with an appraiser, and have an appraiser certificate or license. If you are selling or refinancing your home, the lender that is financing the mortgage will schedule the appraisal.

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Purchase and sale agreement Equity Bankruptcy Finance 88

Housing Wire

DECEMBER 29, 2022

The housing sector — especially real estate and mortgage — has seen significant layoffs , while the general economy will create more than 4 million jobs in 2022. Then we had the biggest mortgage rate shock in recent history and yet even with that, we will have over 5 million total home sales this year. Production falls. history.

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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. The original plan — to buy up troubled mortgage assets — was quickly abandoned in favor of actions like capital infusions for banks and the bailout of our auto companies.

Banks 359

Banks Loans Bankruptcy Mortgages 359

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 367

Marketing Pre-approval Investor Bankruptcy 367

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.”.

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Loans Bankruptcy Equity Investor 320