Housing Wire
JUNE 30, 2022
Less than a week after laying off hundreds of workers and refusing new mortgage applications, First Guaranty Mortgage Corp. FGMC) and its affiliate Maverick II Holdings filed for Chapter 11 bankruptcy protection late Wednesday. . The debtor-in-possession financing, however, needs the Delaware bankruptcy court’s approval.
Housing Wire
NOVEMBER 8, 2023
The answer is no, and for that, we must thank the 2010 qualified mortgage (QM) rule, which has high standards for borrower credit scores and the ability to repay the loan. And I’m not even talking about the over 40% of homes that don’t have a mortgage; I am just talking about homeowners who are paying a mortgage.
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Housing Wire
OCTOBER 13, 2022
In the reflection, a mortgage executive sees faint images of the savings and loan crisis of the 1980s and 1990s. 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.
Housing Wire
MARCH 3, 2022
As all participants in the mortgage industry know, securitization is a critical tool for making loans to homeowners at affordable rates. The process of bundling loans and separating risks makes available fixed-rate mortgages that are fully prepayable at borrowing costs well below other forms of debt.
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.
Realty Biz
MAY 28, 2022
There is no point in applying for a mortgage in Brazil if you plan to live in the United States. You need to know your different mortgage options and which one is the best for you and your situation. 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.
Housing Wire
JULY 27, 2022
through its Angel Oak Mortgage Trust conduit, recently unveiled its latest private-label securitization (PLS) offering — a deal slated to close in early August backed by 788 predominately non-QM loans valued at $362 million. through its affiliated companies, including real estate investment trust, or REIT, Angel Oak Mortgage Inc. .
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