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 421

Mortgages Bankruptcy Lending Loan Officer 421

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.

Equity 527

Equity Marketing Loans Bankruptcy 527

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.

Bankruptcy 120

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

Housing Wire

SEPTEMBER 9, 2022

The pace of mortgage-backed securities (MBS) issuance in the nonagency market slowed considerably in July and August as rising interest rates and Federal Reserve MBS-purchase policy have combined to dampen the momentum exhibited in the private-label space in 2021 and over the first half of this year. billion over the same period in 2021.

Marketing 410

Marketing Fixed-rate mortgage Bankruptcy Mortgages 410

Housing Wire

DECEMBER 21, 2021

As 2021 draws to a close, it’s clear that the private-label residential mortgage-backed securities (RMBS) market has notched a year for the record books. market — defined as all post-financial-crisis prime, non-prime and credit-risk transfer (CRT) transactions — is projected to exceed $115 billion in issuance.

Marketing 410

Marketing Loans Investor Bankruptcy 410

Housing Wire

MAY 10, 2022

The Hill case is not a common occurrence in the world of housing finance, but it is far from rare. As the housing market enters a purchase-market cycle sparked by rising mortgage rates that have killed off a long-running refinance boom, we can expect to see mortgage-fraud schemes proliferate, industry experts say.

Mortgages 397

Mortgages Marketing Loans Finance 397

Housing Wire

NOVEMBER 2, 2023

Smart Rate marked Strauss’s return to the mortgage market after abruptly shuttering Sprout Mortgage in July 2022. In addition, the Nationwide Multistate Licensing System (NMLS) shows that Jacksonville, Florida-based Smart Rate is no longer authorized to conduct business as of Oct. 3, indicating a voluntary surrender.

Loan Officer 441

Loan Officer Bankruptcy Loans Residential 441

Housing Wire

JULY 27, 2022

AOMR)— has brought to market a total of five PLS deals backed by mortgage pools valued at $2.1 The question remains, however: Is Angel Oak’s liquidity strategy sufficiently robust to get it through the current economic environment, which is marked by high market volatility and fast-rising interest rates?

Marketing 384

Marketing Loans Investor Mortgages 384

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. mortgage market was ripe for refinancing, but today closer to 10%. . RTC), closed 747 S&Ls with assets of more than $407 billion. .

Mortgages 370

Mortgages Marketing Banks Loans 370

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 384

Marketing Debt-to-income ratio Loans Mortgages 384

Housing Wire

JANUARY 4, 2024

When assessing December’s Home Equity Conversion Mortgage (HECM) volume data for December 2023, Reverse Market Insight (RMI) used a choice word as the title for its commentary : “thud.” This is a different situation.”

Mortgages 450

Mortgages Bankruptcy Principal Finance 450

Housing Wire

JANUARY 5, 2021

Blackstone took full control of Stearns in fall 2019 after it exited bankruptcy due to significant debt problems. Guaranteed Rate said it expects the deal to strengthen its capital markets execution and produce synergies that will allow for additional profitability. This is a breaking news story. Check back for more updates.

Lending 538

Lending Bankruptcy Loans Mortgages 538

Housing Wire

FEBRUARY 23, 2024

per share at market open on Friday, up from $10.98 per share at market close the day before. To the extent that you can get loans off your balance sheet faster, it lowers your financing costs. New client and market share acquisitions In a rare move, Rocket shared specific numbers of its market share growth.

Equity 421

Equity Bankruptcy Loans Mortgages 421

Housing Wire

FEBRUARY 22, 2024

Processes and risks In December 2022, Ginnie Mae seized RMF’s HMBS portfolio due to the company’s bankruptcy, and the resulting stresses contributed to the decision to investigate, Oliver Davis explained at the time.

Bankruptcy 421

Bankruptcy Loans Mortgages Equity 421

Housing Wire

MARCH 3, 2022

There are many reasons why securitization works so well and why the ability to originate and finance a loan is as reliable as turning on your tap and knowing it will produce water. One of the critical mechanisms of securitization is the separation of the underlying assets from the bankruptcy risk of the mortgage bond issuer.

Bankruptcy 384

Bankruptcy Investor Fixed-rate mortgage Loans 384

Housing Wire

JULY 8, 2022

A deal for financing fell through and Strauss made the decision to pull the plug on Wednesday, sources said. FGMC) and its affiliate Maverick II Holdings filed for Chapter 11 bankruptcy protection in late June after suddenly cutting hundreds of jobs. They can hold it and wait for the market to recover.

Mortgages 432

Mortgages Bankruptcy Loans Investor 432

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 432

Mortgages Bankruptcy Loans Equity 432

Housing Wire

SEPTEMBER 21, 2022

Because non-QM, or non-prime, mortgages are deemed riskier than prime loans, in a normal market they generally command an interest rate about 150 basis points above prime agency rates, according to industry executives. Freddie Mac’s latest Primary Mortgage Market Survey places the current rate for a 30-year fixed mortgage at 6.02%.

Lending 397

Lending Loans Bankruptcy Mortgages 397

Housing Wire

MARCH 23, 2022

Minneapolis-based CarVal Investors , a global alternative investment manager and long-time player in the mortgage market, has launched a real estate mortgage investment conduit, or REMIC, that plans to work with loan originators around the country to develop and acquire innovative nonagency mortgage products.

Banks 384

Banks Bankruptcy Loans Investor 384

Point2Homes

FEBRUARY 12, 2021

2020 has had a severe impact on the job market, resulting in unemployment and even bankruptcy for many people. In fact, it was not uncommon for many people to do a 180° turn in terms of career choice, depending on what the job market dictated. Plus, it can leave a significant dent in your finances.

Finance 89

Finance Bankruptcy Loans As-is 89

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. The entire system has to be designed to inflate the price over time. This is what we do in America. Remember, the system is designed to keep home prices inflated.

Loans 544

Loans Banks Equity Closing costs 544

Realty Biz

SEPTEMBER 30, 2023

Let's delve deeper into these topics to guide you towards an affordable home financing solution. Today's Mortgage Rates When considering a mortgage with low credit scores, it's crucial to stay informed about the current mortgage rates available in the market. Can you buy a house with bad credit? These loans are backed by the U.S.

Finance 97

Finance Debt-to-income ratio FHA loan Mortgages 97

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. Capabilities include loss mitigation, bankruptcy, foreclosure, invoicing and claims. Secondary Marketing.

Lending 410

Lending Bankruptcy Equity Loans 410

Housing Wire

NOVEMBER 9, 2022

Rising interest rates, sparked by Federal Reserve tightening policies, is the primary cause of the mortgage-finance industry’s pain right now. In September alone, IMBs slashed some 8,200 jobs, a recent Inside Mortgage Finance analysis of U.S. filed for Chapter 11 bankruptcy. [In Bureau of Labor Statistics data shows.

Loan Officer 410

Loan Officer Loans Mortgages Industrial 410

Propmodo

APRIL 30, 2024

The market’s distress is unwelcome news for most, but it’s leading to opportunities for some investors to go on the offensive. There’s a surge of interest in the market from investors like Willowbrook Partners, who are looking to take advantage of rescue capital transactions. Peebles Corporation is one of those investors.

Commercial 67

Commercial Bankruptcy Investor Equity 67

Housing Wire

SEPTEMBER 18, 2023

Executives from Dark Matter Technologies, under the Constellation Software umbrella, said that a down market is the best time to make investments in technology and prepare for the next cycle. So it’s really the same story, just different markets,” Gagliano said. Kim: It’s a tough mortgage origination market right now.

Technology 485

Technology Mortgages Bankruptcy Industrial 485

Housing Wire

DECEMBER 14, 2021

The non-QM mortgage market, which encompasses most home loans not backed by a government-sponsored guarantee, is expected to reach the $25 billion mark this year in private-label securitization volume. . Automation just increases efficiencies,” Hutchens added.

Lending 384

Lending Loans Bankruptcy Technology 384

Marco Santarelli

NOVEMBER 14, 2023

WeWork, the prominent global flexible space provider, has taken a significant step by filing for Chapter 11 bankruptcy protection on November 6, 2023. Overvaluation and Overexpansion WeWork's valuation, based on unrealistic assumptions about market size and growth potential, contributed to its downfall. billion in new financing.

Bankruptcy 52

Bankruptcy Investor Industrial Finance 52

Housing Wire

MARCH 28, 2022

As the end of the first quarter of 2022 approaches, the expected blossoming of the non-QM lending space in the private label market is well underway. . 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 370

Loans Lending Investor Mortgages 370

Notorious ROB

OCTOBER 24, 2022

Markets get hot, then markets turn cold. The market was crazy hot, and both mortgages and home sales were going stratospheric. Trouble is, much like my agent friend’s family from back in the day, ancillary businesses are all connected to the housing market. And it’s a horrible basket if the market collapses.

Brokerage 88

Brokerage Bankruptcy Property Management Title 88

HomeLight

FEBRUARY 21, 2024

Here are some common scenarios where a fast home sale could be the solution you’re looking for: Life changes: If unexpected circumstances such as job loss or divorce arise, selling your house quickly can free up your finances and provide a fresh start.

Bankruptcy 79

Bankruptcy Investor Finance Inspection 79

Realty Biz

SEPTEMBER 5, 2023

One crucial aspect of this process is ensuring that your finances secure a mortgage and make the dream of homeownership a reality. We will delve into essential strategies to improve your finances, focusing on utilizing tools like Credit Karma or Credit Sesame to prepare yourself for purchasing a house.

Debt-to-income ratio 92

Debt-to-income ratio Pre-approval Finance Bankruptcy 92

Rent, Buy & Sell

FEBRUARY 7, 2021

Bad credit is usually the result of late bill payments, bankruptcy, foreclosure and loan defaults. In this article, we review 3 alternative financing options for the home buyer that has bad credit. FHA loans can also be obtained by people who have a bankruptcy or foreclosure on their record. What is a Bad Credit Score?

Loans 98

Loans VA loan FHA loan Hard money loan 98

Propmodo

JUNE 19, 2023

Whether the real estate market is flying high or plagued by a downturn, there’s a certain prestige to owning a premier Manhattan office tower. Most office transactions are as simple as the buyer getting financing to pay the seller and the seller turning over the property upon receipt of the agreed-upon price. You can’t miss it.

Bankruptcy 44

Bankruptcy Commercial Finance Industrial 44

The Close

JANUARY 20, 2023

We will also review less common, yet equally important, items like investment strategies, market analysis, property acquisition, and time commitment. Market Analysis The next part of your real estate investment plan is to determine the location or locations you would like to invest in. The average U.S.

Investor 94

Investor Finance MLS Property Management 94

Realty Biz

MAY 28, 2022

Conforming loans are the best of the two because they follow the rules and regulations set by the Federal Housing Finance Agency (FHFA). They are commonly offered if your credit is not superb or if you have had a hard hit in the past, such as a bankruptcy. Non-conforming loans do not follow the FHFA stipulations and regulations.

Mortgages 93

Mortgages VA loan Fixed-rate mortgage Bankruptcy 93

Marco Santarelli

JULY 25, 2022

How Does a Market Crash Affect Homeowners? 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.

Marketing 52

Marketing Lending Mortgages Equity 52