Housing Wire

NOVEMBER 21, 2024

in after-market hours on Thursday. In a recent interview with RMD to assess the landscape of reverse mortgage companies in the stock market, Harter mentioned the unrealized potential of the reverse mortgage industry as a possible tailwind for investor perceptions and — potentially — their activity.

Bankruptcy

Housing Wire

AUGUST 5, 2025

This guide walks you through some of the best ways to find foreclosure leads, whether you’re working your local market or casting a wider net. Whether you prefer data at your fingertips or boots-on-the-ground prospecting, here are 10 effective ways to uncover foreclosure opportunities in your market.

Banks

BAM Media

APRIL 3, 2025

housing market. Read on for three responses you can give to alleviate housing market fears and become your clients go-to real estate guide. Panic Sells The internet is full of people trying to convince us that their alarmist posts on the housing market are just telling it like it is. Turns out, loads of them are active on X.

Bankruptcy

Seattle Times Real Estate

JUNE 16, 2025

But experts say that’s an uphill battle in an office market that is years from regaining its prepandemic vigor. “I Advertising Selig has made a career of comebacks, repeatedly shrugging off bankruptcies, foreclosures and litigation by unhappy contractors. That loan also shows how COVID-19 hammered the market value of office buildings.

Commercial

Housing Wire

DECEMBER 27, 2024

billion in origination volume in the third quarter of 2024 , when it reported profitability in its origination segment even with an overall loss of $67 million due to a market value change in its servicing book. In 2024, M&A deals accounted for 76% of the total, followed by exits at 22% and bankruptcies at 2%. Guild posted $6.9

Mortgages

Housing Wire

OCTOBER 23, 2024

As you will see below, inventory is growing, but it’s been a calm, healthy rise in 2024, not a flood of houses coming onto the market. Inventory is growing, and home price growth is cooling down from the savagely unhealthy housing market of 2021 and early 2022, but it is not enough to crash home prices nationally.

Mortgages

Housing Wire

JANUARY 29, 2025

A securitization of private reverse mortgages originated by Reverse Mortgage Funding (RMF) will require additional review due to the lenders 2022 bankruptcy, according to a statement on the securitization issued by credit rating agency KBRA. The securitization features loans originated by RMF, which declared bankruptcy in late 2022.

Bankruptcy

Housing Wire

FEBRUARY 19, 2025

One of Ginnie Maes core functions in the reverse mortgage industry is providing liquidity through its Home Equity Conversion Mortgage ( HECM )-backed Securities ( HMBS ) program. ” HMBS 2.0 ” HMBS 2.0 The program was announced in January 2024 and a final term sheet was released in November. Regarding the potential for HMBS 2.0,

Bankruptcy

Housing Wire

APRIL 11, 2025

The leading issuers in the Home Equity Conversion Mortgage ( HECM )-backed Securities ( HMBS ) program during the first quarter of 2025 saw a couple of fluctuations quarter over quarter, but maintains two fewer issuers than it did at the same point in 2024. million for a market share of 28.2%. market share.

Mortgages

Housing Wire

JANUARY 8, 2024

The presiding judge in the ongoing bankruptcy case of Reverse Mortgage Funding (RMF) has approved a stipulation that would resolve an administrative claim made against the company’s estate by reverse mortgage servicing company Celink , authorizing both companies to consummate the agreement. Celink continues to defend itself in both cases.

Bankruptcy

Housing Wire

JUNE 30, 2022

FGMC) and its holding company, Maverick II Holdings LLC, filed for Chapter 11 bankruptcy protection Thursday, June 30, leaving one of the country’s major warehouse lenders as its largest unsecured creditor, according to court filings. The lender then filed for Chapter 11 bankruptcy on Thursday, June 30. First Guaranty Mortgage Corp.

Bankruptcy

Housing Wire

NOVEMBER 27, 2023

Veev said at the time that the funding would be used to scale its operations, accelerate its research and development, and expand construction into new markets. Reali , another proptech company founded by Heller and Avrahami, shut down in 2022 after raising more than $290 million in debt and equity funding.

Bankruptcy

Housing Wire

DECEMBER 27, 2022

Marty Green thinks of the housing market in 2022 as two very different movies. But the housing market in the second half of 2022? By September, a full-fledged housing market recession had set in. The 2002 housing market has been a tale of two halves,” said Green. A mortgage rate lockdown freezes the housing market.

Marketing

Housing Wire

MARCH 26, 2024

Then, the housing market takes off like a rocket with home values exceeding all expectations. As the person relaxes on the couch watching television at night, they occasionally check the current value of their home and do a rough calculation of the amount of equity that they have accrued. It comforts them for a brief moment.

Equity

Housing Wire

JANUARY 22, 2021

Citing anonymous sources, Bloomberg reported that CoStar Group and a private equity group led by Warburg Pincus are currently competing for the data provider, though it is unclear if either have made an offer yet. billion market cap. The post CoStar and private equity group battle for CoreLogic appeared first on HousingWire.

Equity

Housing Wire

DECEMBER 29, 2022

As we close out 2022, it’s time to reflect on a historic year for the housing market, which was even crazier than the COVID-19 year of 2020. It is crazy to think we are seeing these four things happen in the housing market considering that even in March of this year we were seeing bidding wars accelerate before mortgage rates rose.

Marketing

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

Housing Wire

DECEMBER 29, 2021

A bullish housing market. The housing market didn’t crash at all, in fact, more Americans bought homes with mortgages in 2021 than in 2020. We do have some very positive stories about the housing market in 2021, but not all is perfect, of course. What a year 2021 has been. However, not only did the U.S. The excellent.

Marketing

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%. However, a silver lining in the subdued housing market is the strength in new-home sales. They were withdrawing volatility from the market, and they were lowering rates to benefit consumers.

FHA loan

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

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

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. That has left “originators scrambling for liquidity in this growing market segment,” MAXEX’s announcement of the new non-QM initiative states.

Marketing

Housing Wire

SEPTEMBER 8, 2022

The housing market is very subsidized for demand to grow and whenever the economy gets weaker, rates fall and that impacts the housing market in a disproportionate way. 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

Housing Wire

MAY 30, 2024

Ginnie Mae is aiming to roll out plans for its new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) product by the end of the year, according to acting president Sam Valverde, who spoke at the National Reverse Mortgage Lenders Association (NRMLA) Eastern Regional Meeting in Washington, D.C., on Wednesday.

Bankruptcy

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. Renters, younger renter households and those with lower FICO scores are the ones showing credit stress today.

Bankruptcy

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

Housing Wire

OCTOBER 13, 2022

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. The firm specializes in asset-backed credit, whole loans and private equity. There likely will be 40 to 50 deals done this year.

Mortgages

Housing Wire

DECEMBER 27, 2023

The California-based retail lender has set a target of becoming a top-10 lender in the markets in which it has a presence, which would give it about 2% in overall market share. United Wholesale Mortgage , the top lender in the country by volume, claimed just under 8% total market share over the first nine months of 2023.

Mortgages

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

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 to 72% across the three deals in a market with fast-rising home prices.

Marketing

Housing Wire

MAY 8, 2024

Braun also requested “detailed insights into Ginnie Mae’s actions prior to and following the bankruptcy of RMF” as well as more information on “steps taken to improve troubled issuer management practices that threaten market stability.” Mike Braun (R-Ind.),

Bankruptcy

Housing Wire

MARCH 26, 2024

The Home Equity Conversion Mortgage (HECM) program faces stability and viability challenges stemming from the 2022 collapse of a major industry lender and its extinguishment from the HECM-backed Securities (HMBS) program, which could warrant congressional scrutiny if these challenges are not properly addressed by the U.S. Mike Braun (R-Ind.)

Bankruptcy

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. And market leader Rocket Companies is expected to announce later this month that it originated over $300 billion worth of mortgages in 2020.

Lending

Housing Wire

FEBRUARY 23, 2024

per share at market open on Friday, up from $10.98 per share at market close the day before. New client and market share acquisitions In a rare move, Rocket shared specific numbers of its market share growth. Deep pockets to pull from For a company with a market cap of $23.3 Rocket’s stock price rose to $11.75

Bankruptcy

Housing Wire

MAY 26, 2022

The housing market shifted in March of this year. Yes, crazy to think, but this is a survey trend data line, and the housing market was in free-fall at that time. housing market. You can understand why I upgraded the housing market from unhealthy to savagely unhealthy. It’s an excellent time to discuss housing inventory.

Construction

Housing Wire

FEBRUARY 18, 2022

housing market. Redfin plans to completely revamp its mortgage services in 2022 following the expected acquisition of Bay Equity Home Loans in the second quarter. Also, marketing expenses soared 153% to $84 million in 2021, predominantly due to RentPath. What does that all add up to?

Bankruptcy

Housing Wire

JANUARY 31, 2022

MSP is a single, comprehensive platform used by servicers of all sizes to support a wide range of loan products, including first mortgages and home equity loans and lines of credit on a single system. MSP is used to service approximately 36 million loans,” Black Knight President Joe Nackashi said.

Loans