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Seattle office king Martin Selig loses another piece of his empire

Seattle Times Real Estate

Advertising Selig has made a career of comebacks, repeatedly shrugging off bankruptcies, foreclosures and litigation by unhappy contractors. billion as of mid-2023 — he, and his lenders, could rest assured that the equity value of his office portfolio was always higher. I just don’t see that happening.”

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Figure partners with NovaWulf on proposed reorg of crypto lender Celsius

Housing Wire

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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Comparing this housing market recession to 2008

Housing Wire

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.

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New MBA securities proposal mentions HMBS 2.0 as ‘logistical template’

Housing Wire

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

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 MAXEX seeks to capitalize on expanding non-QM market

Housing Wire

MAXEX is an Atlanta-based fintech company that is backed by leading private-equity and capital-markets investors, including J.P. That has left “originators scrambling for liquidity in this growing market segment,” MAXEX’s announcement of the new non-QM initiative states. Morgan Chase.

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Ask Brian: Should a Homeowner File for Bankruptcy if They Have Equity in their Home?

Realty Biz

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.

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Dark Matter Technologies execs talk transition from Black Knight, innovation in the mortgage tech space

Housing Wire

We started almost 20 years ago and Perseus in the homebuilding industry, we built a significant player in homebuilding software, that led us to an adjacency residential real estate where we bought over 20 companies. How does the company expect to manage profit amid industry consolidation , bankruptcies and attrition?