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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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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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Compare Your Home Equity Borrowing Options

Realty Biz

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 90
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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?

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UWM is bullish on the resurgent private-label market

Housing Wire

The bond-rating agency projects the residential mortgage-backed securities (RMBS) market, defined as all post-financial crisis prime, non-prime and credit-risk transfer transactions, will exceed $115 billion in volume for 2021 when the final tally comes in. KBRA seems to think so as well.

Marketing 387
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The big nonbanks stir up a non-QM turf war

Housing Wire

The figures are drawn from the prime and nonprime (or non-QM) residential mortgage-backed securities deals tracked by Kroll Bond Rating Agency (KBRA). This year’s non-QM volume numbers are impressive, up nearly threefold over the first three months of this year, compared with 2021.

Loans 370
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Real Estate Distress Has Created Opportunities for Rescue Capital

Propmodo

The loans will target multifamily, for-sale residential, retail, industrial, and self-storage assets in major cities in states traversed by I-95. As property distress spreads, other debt-workout scenarios like bankruptcies and foreclosures will still be in play. Like any form of financing, these deals carry inherent risks.