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 522

Bankruptcy Lending Equity Mortgages 522

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 524

Bankruptcy Loans Sales Short sale 524

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 93

Debt-to-income ratio Mortgages Bankruptcy Loans 93

HomeLight

DECEMBER 2, 2021

One of them is a short sale. The process is complicated and confusing, often leaving a worrisome question in its wake: How long does a short sale stay on your credit? What is a short sale? Helali advises consulting your loan servicer, as requirements vary amongst lenders. The process. The timeline.

Short sale 79

Short sale Sales Loans Banks 79

HomeLight

DECEMBER 1, 2021

We also connected with HomeLight Home Loans Mortgage Sales Leader Richie Helali, who offered an insider’s look at mortgage options that could help you hold on to your home — or let it go without falling into foreclosure. You’re maxed out on second loans and now you owe more than your home’s value. You have to relocate for work.

Purchase and sale agreement 105

Purchase and sale agreement Short sale Loans Mortgages 105

HomeLight

JULY 31, 2021

Value-add is the process of remodeling a home or complex to increase the value and add equity,” Shipwash explains. “In In addition, these properties allow for multiple exit strategies for investors, including flips, short- or long-term rentals, or wholesales.”. Be careful of signing with a wholesaler.

Earnest money deposit 98

Earnest money deposit Inspection Proof of funds Inspection contingency 98