Housing Wire

NOVEMBER 21, 2024

UBS analyst Douglas Harter recently made waves after he took a closer look at the stock of reverse mortgage industry leader Finance of America (FOA). Harter downgraded the company’s stock rating on from “buy” to “neutral” even after it reported strong earnings results in the third quarter of 2024.

Bankruptcy

Housing Wire

JUNE 13, 2025

Kind Lending , a national wholesale mortgage lender and his second brainchild, is built on lean operations and a focus on efficiency — a contrast with his first company, Stearns Lending, which filed for Chapter 11 bankruptcy in 2019. This is not our first rodeo,” Stearns said in an interview with HousingWire. And it’s only getting tougher.

Mortgages

Housing Wire

FEBRUARY 4, 2025

“In parallel to that, starting in April of this year, we’re also starting the implementation pathway for the largest servicer in the mortgage servicing industry. Dara Default offers decisioning, automated workflows, collections, loss mitigation, claims, foreclosure and bankruptcy and an attorney network.

Mortgages

BAM Media

APRIL 3, 2025

1: Foreclosures & Bankruptcies Still Below Pre-Pandemic Levels Consumers still worry that were heading for a repeat of the Great Recession of 2008. Number one, foreclosures and bankruptcies were rising in 2005, -6, -7, and -8. If theyre relying on randoms spreading sensational news with zero accountability, they will be misled.

Bankruptcy

Seattle Times Real Estate

JUNE 16, 2025

Advertising Selig has made a career of comebacks, repeatedly shrugging off bankruptcies, foreclosures and litigation by unhappy contractors. In early April, Jordan Selig resigned to pursue other real estate interests, a move many industry observers saw as a major blow for the company. I just don’t see that happening.”

Commercial

BAM Media

APRIL 1, 2025

Foreclosures and bankruptcies? For industry news, edutainment, and humor, sign up for the best newsletter on the planet for real estate agents. FHA loans account for 90% of the increase , despite making up less than 15% of all active mortgages. Still not back to pre-pandemic levels. The bottom line?

Mortgages

Rochester Real Estate

NOVEMBER 5, 2015

The authors of these articles are some of the best writers in the mortgage and real estate industries. ” is an extremely common question in the mortgage and real estate industries. Did you know if you file a Chapter 13 bankruptcy, you can immediately apply for an FHA loan?

Finance

Housing Wire

NOVEMBER 29, 2024

This is a crucial time for the real estate industry, and the title insurance industry in particular. Thanks to innovation in the industry, the cost of title insurance coverage has decreased 5% over the last five years. Title companies play a critical role in the homebuying journey.

Title

Housing Wire

DECEMBER 27, 2024

HousingWire tracked 37 mergers, acquisitions, exits and bankruptcies involving originators, servicers, tech platforms, and appraisal and valuation companies. In 2024, M&A deals accounted for 76% of the total, followed by exits at 22% and bankruptcies at 2%.

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

Seattle Times Real Estate

JUNE 9, 2025

Most Read Business Stories Seattle-area homebuyers skittish amid high rates, economic uncertainty Rite Aid, Bartell presence in WA shrinks as bankruptcy fire sale burns 17 more WA Rite Aid stores, including 4 Bartell Drugs, to shutter ‘Rough ride’ for auto industry in coming years, Bank of America report finds BowFlex Recalls 3.8

Loans

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. on the reverse mortgage industry could be immediate. ” HMBS 2.0 ” HMBS 2.0 The potential impacts of HMBS 2.0

Bankruptcy

Housing Wire

APRIL 11, 2025

Finance of America (FOA) retained its spot as the top HMBS issuer in the industry in Q1, issuing 72 pools with an aggregate amount of $435.9 Not appearing on the list is the former HMBS portfolio of Reverse Mortgage Funding (RMF), which has been held by Ginnie Mae since shortly after the companys late 2022 bankruptcy. market share.

Mortgages

Housing Wire

JUNE 30, 2022

FGMC) and its affiliate Maverick II Holdings filed for Chapter 11 bankruptcy protection late Wednesday. . The company said the bankruptcy action has no impact on closed mortgages, which are already serviced by third parties. The debtor-in-possession financing, however, needs the Delaware bankruptcy court’s approval.

Bankruptcy

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

Inman

JULY 28, 2025

The Alliance is seeking six figures in damages from Ryan Weyandt, who resigned as CEO last year. Weyandt is also facing felony charges for alleged possession of explicit content of minors.

As-is

Housing Wire

JUNE 4, 2024

Hometown Lenders has filed for Chapter 11 bankruptcy protection in Alabama, blaming the Federal Reserve’s policy to curb inflation for its debacle. “After exhausting all reasonable alternatives, Debtor has determined that a resolution outside of this Bankruptcy Court cannot be fairly and equitably achieved,” it states.

Bankruptcy

Housing Wire

JANUARY 17, 2024

The bankruptcy plan administrator for Reverse Mortgage Investment Trust (RMIT), the parent company of former industry lender Reverse Mortgage Funding (RMF), has filed a court petition to convert from Chapter 11 bankruptcy to Chapter 7 bankruptcy.

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

Redfin

FEBRUARY 25, 2025

It is so cheap largely because of its economic and population decline , which culminated in bankruptcy in 2013. Neighborhoods like Lawrenceville and the Strip District have transformed from industrial corridors to hip hangouts packed with restaurants, breweries, and galleries. Detroit, MI 77.2% Cincinnati, OH 60.8%

Sales

Housing Wire

DECEMBER 19, 2024

This guy was in a Chapter 13 bankruptcy at the time, was behind on credit cards and on his mortgage, and was on the verge of losing his house. He also had mobility challenges, so Rodriguez assisted with filing court documents in conjunction with the reverse mortgage origination process in order to address the bankruptcy.

Bankruptcy

Housing Wire

SEPTEMBER 5, 2023

The announcement comes in the wake of bankruptcy of allegations of fraudulent activity against reinsurer Vesttoo Ltd , which filed for Chapter 11 bankruptcy protection in August. We view TDI’s supervision order as a sensible action for a regulator to take given Vesttoo’s widespread impact on the insurance industry,” Ehrlichman said.

Bankruptcy

Housing Wire

JULY 28, 2023

It follows a request from the shuttered lender to halt the agreement due to an involuntary bankruptcy petition filed by three creditors. New Wave Lending Group , JMJ Financial Group and EF Mortgage filed on July 5 an involuntary petition against Sprout under Chapter 7 of the Bankruptcy Code in a New York court, claiming the lender owes $1.3

Bankruptcy

Housing Wire

AUGUST 15, 2024

8 was a nearly 400-page appendix of agreement terms, program information and correspondence between Ginnie Mae, TCB and leaders at Reverse Mortgage Funding (RMF), the former lender at the center of the dispute that filed for bankruptcy in late 2022. The first filing made on Aug.

Bankruptcy

Housing Wire

APRIL 10, 2024

The company also said it “continues to evaluate new products to reach additional segments of the population facing a retirement gap,” and describes recent reverse mortgage industry consolidation following influential industry changes in 2017 and the 2022 bankruptcy of Reverse Mortgage Funding (RMF). “As

Investor

Housing Wire

FEBRUARY 16, 2024

The news about NAR’s insurance predicament began circulating late Wednesday , with industry analyst Rob Hahn highlighting the news in the Thursday edition of his email newsletter NotoriousROB. So your only leverage in negotiating the settlement is, ‘We’ll just file bankruptcy.’”

Bankruptcy

Housing Wire

JANUARY 11, 2024

TCB’s contract with RMF and the bankruptcy court order also expressly stated that TCB’s right to a lien was subject to GNMA’s extinguishment rights.” 31, 2022, special requirements for HECM reverse mortgage loan pools, TCB’s tail agreement and documents from RMF’s bankruptcy case unfolding in the U.S.

Lending

Housing Wire

JUNE 21, 2022

As someone who spent a career in the title insurance industry – both as a builder of a title business and leader of the industry’s trade group, — I am proud of the role we play in helping to protect what most Americans consider the biggest purchase of their lives. Real estate is a $3 trillion industry in the United States.

Title

Housing Wire

JANUARY 26, 2024

There were a total of 361 consumer complaints submitted to the Consumer Financial Protection Bureau (CFPB) related to the reverse mortgage industry during the calendar year 2023, according to a consumer complaint database maintained by the Bureau. the parent company of Liberty Reverse Mortgage/PHH.

Mortgages

Housing Wire

JANUARY 5, 2023

Founded in 1988 as an industrial loan company, Silvergate began catering to companies in the cryptocurrency industry in 1993. “Silvergate believes in the digital asset industry and remains focused on providing value-added services for its core institutional customers,” the firm said. million in employee benefits.

Lending

Housing Wire

FEBRUARY 5, 2021

“We have assembled the best in the industry and they have provided the rocket fuel to succeed,” Stearns said. 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.

Lending

Housing Wire

DECEMBER 27, 2022

The elevated mortgage rate environment has created a mortgage rate lockdown effect of sorts, limiting the pool of customers for the mortgage industry. Layoffs, LOs leaving the industry for good. The mortgage industry shrinking by more than half to an estimated $1.7 Or will soon.

Marketing

Housing Wire

SEPTEMBER 22, 2023

Kim: Bankruptcies and layoffs are still happening. How far are we into the industry’s consolidation? Duncan: I was looking at the bankruptcy data. It’s just gotten back to the pace of bankruptcy we saw in 2019. It is true [consumer] bankruptcies have been rising but from extremely low levels.

FHA loan

Housing Wire

DECEMBER 27, 2023

There were also a few cases of bankruptcy. HousingWire tracked 62 mergers, acquisitions, exits and bankruptcies covered by the newsroom in 2023. bankruptcies. Those who couldn’t find a dance partner shut down production channels or left the mortgage market behind entirely. exits and 3.2%

Mortgages

Housing Wire

JUNE 14, 2024

New filings The filing, posted to the court docket on Friday morning, shows the immediate bankruptcy concern of leaders at RMF and the lack of willingness from other reverse mortgage industry participants to assume control of the full loan portfolio.

Bankruptcy

Housing Wire

APRIL 1, 2024

Firms such as MV Realty (which has filed for Chapter 11 bankruptcy in more than 30 states), SellWhenever and HomeOptions generate home listing business through cash payments to homeowners and right-to-list agreements. Sponsored by State Rep. Penalties will be applied if NTRAPS are recorded in future property records.

Title

Housing Wire

DECEMBER 7, 2020

Failed to timely disburse borrowers’ tax payments from their escrow accounts and failed to properly conduct escrow analyses for borrowers during their Chapter 13 bankruptcy proceedings. According to the release, if entered by the court, Mr. Cooper would be required to immediately set aside about $15.6

Bankruptcy