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Milwaukee housing authority reportedly ‘misused’ millions in federal funds

Housing Wire

Leak said that without prompt action, HACM could be facing bankruptcy. When asked about this, he made clear that bankruptcy would have been a possibility if the leadership team had done nothing.

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Portrait of a pre-foreclosure peacemaker

Housing Wire

Helping the homeowner file for bankruptcy is another tool in the pre-foreclosure peacemaker’s tool kit, but Sandoval uses that tool with caution. “I An Auction.com analysis of bankruptcy data from the American Bankruptcy Institute shows a steadily rising level of Chapter 13 filings, which reached a new post-pandemic high in June 2024.

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Home equity cushions homeowners against economic shocks

Housing Wire

This should put an end to any discussions suggesting that the housing market is on the verge of a mass foreclosure crisis or that national home prices will crash like they did from 2007 to 2011. During that time, people were forced to sell in an underwater market. How does this compare to the housing bubble crash years?

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Why foreclosures are still below pre-pandemic levels

Housing Wire

According to the most recent credit data from the New York Fed , foreclosure data for the housing market is still below 2019 levels. Late-cycle lending risk is always a factor in every economic cycle we experience in the housing market. Now that the credit markets have improved, we do not see any stress reflected in the data.

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No, homeowner delinquency rates aren’t elevated

Housing Wire

Also, the foreclosure and bankruptcy data isnt even back to pre-COVID-19 levels. I prefer not to dwell on this misunderstanding, but I want to highlight the importance of reading: the chart that was used to start this confusion specifically references multifamily data.

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Reverse mortgage alums secure financing for alternative equity-tapping product

Housing Wire

This product addresses a critical gap we observed through our participation in the insurance market, and we are excited to back the solution.” “We are proud to support Cornerstone in the expansion of CHEIFS,” Gravely said. In 2013, Corn and his partners launched RMF , which became a leading reverse mortgage lender. 31 of that year.

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Transforming the mortgage and real estate process: Insights from Tech100 leaders

Housing Wire

From streamlining title verification to enabling collaborative loan processing and automating key title production tasks, these leaders are helping shape a faster, smarter, and more efficient housing market. Historically, these processes involved multiple manual steps and handoffs, resulting in delays and higher costs.