Inman

JUNE 28, 2023

The company intends to sell "substantially all of its assets," including its technology platform to pay creditors that include thousands of retail investors.

Bankruptcy 149

Bankruptcy Investor Technology Industrial 149

Housing Wire

JANUARY 11, 2024

When [RMF] defaulted on its obligations, GNMA exercised its right to extinguish RMF’s interest in certain mortgages in order to ensure the timely payment to investors in securities backed by those mortgages,” the filing reads. District Court for the District of Delaware.

Lending 401

Lending Bankruptcy Mortgages Principal 401

Housing Wire

SEPTEMBER 22, 2023

For one thing, no fixed-income investor thinks that mortgage-backed securities with 7% mortgage rates will be there when the Fed finishes the inflation fight. So you’re having to encourage investors with wider spreads to accept that. Kim: Bankruptcies and layoffs are still happening. Duncan: I was looking at the bankruptcy data.

FHA loan 437

FHA loan Bankruptcy Marketing Loans 437

Brownstoner

JULY 22, 2021

The long-anticipated restoration and adaptation of the historic Nassau Brewery at 945 Bergen Street could be scrapped by a bankruptcy sale just as it inches toward completion.

Bankruptcy 98

Bankruptcy Investor Sales As-is 98

Housing Wire

APRIL 18, 2024

Repurchases have been a hot topic for lenders, and to some degree, the agencies and investors have gotten a bad rap in these discussions,” said Nick Volpe , executive vice president of ACES Quality Management. “ Non-QM loans are those that cannot be purchased by the GSEs.

Loans 393

Loans Due diligence Investor Technology 393

Housing Wire

NOVEMBER 2, 2023

million settlement with Sprout Mortgage for unpaid wages after a request from the shuttered lender to halt the agreement due to an involuntary bankruptcy petition was filed by three creditors. Strauss founded Sprout six years after paying $2.45 Recently, ex-employees moved to protect a $3.5

Loan Officer 424

Loan Officer Bankruptcy Loans Residential 424

Seattle Times Real Estate

OCTOBER 25, 2023

ICap said it planned to develop real estate in Western Washington, but left sites unfinished and didn't repay investors, lawsuits allege. The firm may owe as much as $500 million to 2,700 companies and people.

Bankruptcy 114

Bankruptcy Investor Development 114

Housing Wire

SEPTEMBER 29, 2022

The pool of non-QM borrowers includes real estate investors, property flippers, foreign nationals, business owners, gig workers and the self-employed, as well as a smaller group of homebuyers facing credit challenges, such as past bankruptcies. As a result, they present a greater risk and typically come with higher interest rates.

Mortgages 368

Mortgages Bankruptcy Lending Investor 368

Housing Wire

MARCH 3, 2022

One of the critical mechanisms of securitization is the separation of the underlying assets from the bankruptcy risk of the mortgage bond issuer. The end investor does not, for example, need to price the risk that the bond issuer itself becomes insolvent. This separation is important for the market. They fulfill cash flows.

Bankruptcy 335

Bankruptcy Investor Fixed-rate mortgage Loans 335

Housing Wire

NOVEMBER 21, 2022

Amid surging rates, declining volumes and a reduced appetite from investors in the secondary market, there are a growing number of casualties in the mortgage space, especially in the riskier non-QM segment. FGMC) , controlled by global investment management firm PIMCO, filed for Chapter 11 bankruptcy protection in June.

Commercial 360

Commercial Residential Bankruptcy Investor 360

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 401

Mortgages Bankruptcy Loans Equity 401

Housing Wire

JANUARY 19, 2023

The lawsuits quickly came pouring in, but Strauss never did seek bankruptcy protection for Sprout or its affiliates. The Smart Rate website mentions that the mortgage lender offers purchase and refinancings, jumbo, FHA, adjustable, bank statement and investors loans. Yet Strauss, who already has a $2.45

Mortgages 393

Mortgages Bankruptcy Loans Investor 393

Housing Wire

AUGUST 5, 2020

If the Fed allows inflation to rise above its current 2% target, it would put upward pressure on mortgage rates because investors who buy fixed assets use inflation as the mainstay of their calculation that determines the yield, or return, they are willing to accept. The current U.S.

Mortgages 502

Mortgages Bankruptcy Investor Banks 502

Housing Wire

NOVEMBER 10, 2022

The pool of non-QM borrowers includes real estate investors, property flippers, foreign nationals, business owners, gig workers and the self-employed, as well as a smaller group of homebuyers facing credit challenges, such as past bankruptcies.

Loans 302

Loans Bankruptcy Loan Officer Lending 302

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 374

Banks Bankruptcy Loans Investor 374

Housing Wire

JANUARY 5, 2023

The bank operates a network that links investors to crypto exchanges after taking companies’ deposits. “In the fourth quarter of 2022, the digital asset industry underwent a transformational shift, with significant over-leverage in the industry leading to several high-profile bankruptcies,” the group said.

Lending 362

Lending Mortgages Bankruptcy Banks 362

Housing Wire

JANUARY 22, 2021

After its filing of bankruptcy in February, Rentpath , which owns Rent.com, ApartmentGuide.com, Rentals.com and Lovely.com, agreed to sell to CoStar for a reported $558 million. The investors dropped their takeover bid on Nov. The investors dropped their takeover bid on Nov.

Equity 355

Equity Bankruptcy Investor Commercial 355

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. GNMA guarantees investors will receive payments on more than $2 trillion of mortgage-backed securities,” she said. “We

Bankruptcy 375

Bankruptcy Loans Mortgages Equity 375

Housing Wire

AUGUST 9, 2022

I don’t think investors are jumping to buy bonds backed by coupons [rates on loans] that can’t even cover the coupon on the bonds … and securitization [costs].”. filed for Chapter 11 bankruptcy protection at the end of June — leaving four warehouse lenders on the hook for more than $415 million. It’s volatile out there.

Marketing 383

Marketing Bankruptcy Loans Principal 383

Housing Wire

AUGUST 30, 2022

I am not talking about investors; I am talking about primary resident homeowners. The next job loss recession, when it happens, will have more foreclosures, short sales, and bankruptcies. New listings are declining now. Some sell to rent, of course. However, traditionally speaking, they buy a home.

Bankruptcy 382

Bankruptcy Days on market Sales Short sale 382

Housing Wire

FEBRUARY 23, 2024

Despite reporting a GAAP net loss of $390 million in 2023, investors seem to be sold on the company’s path towards Rocket’s “AI-fueled homeownership strategy,” a phrase repeatedly used by executives in a fourth-quarter earnings call on Thursday. The company doesn’t break out purchase business versus refinances in its earnings reports.

Equity 396

Equity Bankruptcy Loans Mortgages 396

Housing Wire

JULY 8, 2022

FGMC) and its affiliate Maverick II Holdings filed for Chapter 11 bankruptcy protection in late June after suddenly cutting hundreds of jobs. Unlike some of its peers, Sprout wasn’t backed by a major asset management firm, and it was particularly vulnerable to a lack of liquidity from investors. First Guaranty Mortgage Corp.

Mortgages 424

Mortgages Bankruptcy Loans Investor 424

Housing Wire

MARCH 5, 2021

Since the summer, CoreLogic had been battling with investors who jointly own or have an economic interest equivalent to approximately 15% of CoreLogic’s outstanding common stock. The investors dropped the CoreLogic takeover bid on Nov. 2 after CoreLogic confirmed it was exploring multiple offers to sell at or above $80 per share.

Marketing 321

Marketing Bankruptcy Residential Investor 321

Housing Wire

FEBRUARY 18, 2022

He repeatedly mentioned that the company had fallen into bankruptcy and was “not on track” to even make a profit before subtracting operating expenses. The CEO suggested that RentPath could improve with its listings incorporated onto Redfin’s website but warned investors “We haven’t laid out long-term targets” for the struggling division.

Bankruptcy 392

Bankruptcy Brokerage Title Equity 392

The Close

DECEMBER 27, 2022

Unfortunately, we as investors are mere mortals and don’t have infinite time on this earth. This is because the market is still experiencing a feeding frenzy from buyers and investors looking to cash in on the appreciation from the previous cycle. To the novice investor, it looks like opportunities are everywhere.

Investor 91

Investor Staging Marketing Banks 91

Housing Wire

SEPTEMBER 9, 2022

This [rate of runoff] will necessitate private investors to absorb about $250 billion in additional supply per year over the next decade. Mortgage spreads widened toward the end of August [an indicator of an increased perception of risk] as a result of investors beginning to take the Fed seriously.

Marketing 381

Marketing Fixed-rate mortgage Bankruptcy Mortgages 381

Housing Wire

NOVEMBER 2, 2020

Capabilities include loss mitigation, bankruptcy, foreclosure, invoicing and claims. Industry-leading product, pricing and eligibility (PPE) functionality, paired with the broadest set of investor content, enables lenders to create and maintain an extremely competitive product offering, even supporting their own in-house portfolio products.

Lending 397

Lending Bankruptcy Equity Loans 397

The Close

JANUARY 25, 2022

As long as you’re willing to learn some new skills, then working with real estate investors might just be the best career move you’ll ever make as a realtor. Building the skills you’ll need to regularly pinpoint undervalued, off-market properties, advise investors, and close sometimes tricky deals won’t be easy.

Investor 98

Investor Closing Agents MLS 98

Housing Wire

DECEMBER 14, 2021

The pool of non-QM borrowers includes real estate investors, property flippers, foreign nationals, business owners and the self-employed, as well as a smaller group of homebuyers facing credit challenges, such as past bankruptcies. “We Automation just increases efficiencies,” Hutchens added. And it is growing fast, he added. “We’re

Lending 351

Lending Loans Bankruptcy Technology 351

Housing Wire

DECEMBER 21, 2021

Low mortgage rates, stable collateral performance and comparatively favorable spreads for much of the year showed a strong level of investor demand in RMBS paper, making 2021 the record post-global-financial-crisis issuance year,” the KBRA forecast states. The major driver of private-label issuance this year has been the jumbo-loan market.

Marketing 375

Marketing Loans Investor Bankruptcy 375

Housing Wire

SEPTEMBER 8, 2022

So when you add move-up buyers, move-down buyers, first-time homebuyers, cash buyers and investors together, this can get out of hand. I always like to add that active listings were higher in the 1980s — and we have a lot more people now. Remember, the system is designed to keep home prices inflated.

Loans 543

Loans Banks Equity Closing costs 543

Housing Wire

JULY 27, 2022

If those spreads and yields are attractive to investors, however, it usually means the margins for RMBS issuers like Angel Oak are squeezed. In addition, in a rising rate environment, MBS investors expect a premium on securities backed by lower-rate mortgages, compared to offerings involving more recent higher-rate mortgages.

Marketing 375

Marketing Loans Investor Mortgages 375

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. Poor Corporate Governance and Leadership Adam Neumann's charismatic leadership was marred by questionable practices and governance issues, undermining investor confidence.

Bankruptcy 52

Bankruptcy Investor Industrial Finance 52

Housing Wire

SEPTEMBER 21, 2022

The pool of non-QM borrowers includes real estate investors, property flippers, foreign nationals, business owners, gig workers and the self- employed, as well as a smaller group of homebuyers facing credit challenges, such as past bankruptcies. Angel Oak Mortgage Inc. family, announced in August that it recorded a net loss of $52.1

Lending 390

Lending Loans Bankruptcy Mortgages 390

Housing Wire

JULY 22, 2022

FGMC) filed for Chapter 11 bankruptcy protection at the end of June — leaving four warehouse lenders on the hook for more than $415 million. Deephaven Mortgage , CarVal Investors , Verus Mortgage Capital , Acra Lending and Excelerate Capital. Non-QM lender First Guaranty Mortgage Corp.

Lending 376

Lending Banks Bankruptcy Loans 376

BubbleInfo

SEPTEMBER 15, 2021

Nicolas Berggruen, a real estate investor who earned the moniker “homeless billionaire” through his jet-setting lifestyle and lack of a permanent address, just shelled out $63.1 million for the Hearst estate in Beverly Hills, winning the prized property in a bankruptcy auction that was more competitive than some expected.

Bankruptcy 102

Bankruptcy Investor 102

Housing Wire

MARCH 28, 2022

UWM recently rolled out bank statement loans targeting the self-employed as well as investor loans. Likewise, Homepoint is unveiling bank-statement loans as well as non-QM cash-flow loans for real estate investors. Several other big nonbanks have investor loan products as well.).

Loans 364

Loans Lending Investor Mortgages 364