Bankruptcy Lending Pre-approval 
Housing Wire
JULY 21, 2022
Recent pleadings filed in the bankruptcy case of First Guaranty Mortgage Corp. FGMC and its affiliate, Maverick II Holdings LLC , on June 30 filed to reorganize under Chapter 11 bankruptcy protection. Samples reveals in his declaration that FGMC was hemorrhaging cash just prior to filing for bankruptcy protection — posting a $23.3
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. People who cannot realistically afford a home are far less likely to be approved for a loan.
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Housing Wire
SEPTEMBER 29, 2022
MAXEX , a major mortgage trading and aggregating platform, has unveiled a series of new programs designed to serve originators and loan buyers in the growing non-QM lending market. Facilitating forward-trading agreements, which allow platform users to sell loan pools at a future date with pre-negotiated terms and pricing.’.
HomeLight
OCTOBER 27, 2020
Do you know the difference between pre approval vs pre qualified when it comes to mortgage loans? Marcus Rittman, director of mortgage operations at HomeLight Home Loans, has seen that “the catalyst for most homeowners wanting to get approved for a mortgage is finding a home that they love.” Don’t let that be you!
McKissock
AUGUST 7, 2022
It didn’t help that the Federal Reserve was not strictly regulating the bank’s loan screening and approval process. Therefore, the banks approved mortgages to customers without regard for their ability to repay the loan. Other fields also faced bankruptcy due to credit issues.
Realty Biz
SEPTEMBER 5, 2023
Check Your Credit Scores Part of getting pre-approved for a mortgage is increasing your credit scores. Lenders use this score to assess the risk of lending to you. Lowering your DTI ratio by reducing debts and increasing income can enhance your chances of mortgage approval.
Realty Biz
SEPTEMBER 30, 2023
They can help you navigate the mortgage process and identify suitable options based on your financial situation and provide you with a pre-approval. Tougher loan approval: Lenders may be hesitant to approve a mortgage application from someone with a low credit score.
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