Housing Wire

SEPTEMBER 22, 2023

The Federal Reserve ‘s effort to temper inflation has cooled the housing market that remains subdued with mortgage rates north of 7%. However, a silver lining in the subdued housing market is the strength in new-home sales. They were withdrawing volatility from the market, and they were lowering rates to benefit consumers.

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FHA loan Bankruptcy Marketing Loans 450

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 356

Bankruptcy Banks Mortgages Loans 356

Realty Biz

APRIL 5, 2022

One of the frequently asked questions during today’s booming housing market is can I qualify for a mortgage during Chapter 13 Bankruptcy. Chapter 13 Bankruptcy is a court-approved debt repayment plan where their debts are restructured over a period of three to five years. Mortgage Options During Chapter 13 Bankruptcy.

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Bankruptcy Debt-to-income ratio VA loan FHA loan 120

Brownstoner

NOVEMBER 8, 2023

In the News WeWork Files for Bankruptcy Amid Glut of Empty Offices [NYT] WeWork Bankruptcy Would Deal Blow to Ailing NY Office Market [NYT] Murder Victim’s Daughter Helps Clear Brooklyn Man Convicted in Killing [NYT] Brooklyn Stray Cat Blues: ‘It’s Worse Now Than Ever’ [BK Mag] Manhattan Hotspot Ray’s to Open a Greenpoint Location [Greenpointers] As… (..)

Bankruptcy 87

Bankruptcy As-is Marketing 87

Housing Wire

APRIL 10, 2024

The company also provides commentary for its fourth quarter 2023 financial performance, assesses its market advantages and offers an assessment of impacts stemming from changes in Ginnie Mae ’s Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program. million in fourth-quarter 2023.

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Investor Bankruptcy Finance Equity 420

Brownstoner

AUGUST 9, 2023

The latest salvo in a long-running adaptive reuse project in Crown Heights has revealed the ambitious project has finally wrapped and is likely to survive a looming bankruptcy auction -- at least initially.

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Bankruptcy Development Marketing 93

Housing Wire

DECEMBER 27, 2022

Marty Green thinks of the housing market in 2022 as two very different movies. But the housing market in the second half of 2022? By September, a full-fledged housing market recession had set in. The 2002 housing market has been a tale of two halves,” said Green. A mortgage rate lockdown freezes the housing market.

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Equity Marketing Loans Bankruptcy 526

Housing Wire

MARCH 6, 2024

“CMG’s financial wellness approach wins over each customer with a seamless combination of experienced human advisors and easy-to-use digital tools,” said Paul Akinmade, CMG’s financial chief marketing and strategy officer. The company has been aiming to grow its market share in originations through mergers and acquisitions.

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Bankruptcy Loan Officer Mortgages Investor 404

Housing Wire

DECEMBER 8, 2022

The hundred or so workers on the other Teams meeting were given marching orders: keep the company’s operations functioning during bankruptcy proceedings. The market volatility pushed RMF and its parent, Reverse Mortgage Investment Trust Inc. The market volatility pushed RMF and its parent, Reverse Mortgage Investment Trust Inc.

Bankruptcy 377

Bankruptcy Mortgages As-is Marketing 377

Housing Wire

OCTOBER 31, 2022

One of the unsung heroes of the most prolonged economic and job expansion ever recorded in history was the passing of the 2005 Bankruptcy Reform Act and the 2010 qualified mortgage rule under Dodd-Frank. As we can see below, the bankruptcy levels were extremely high before the bankruptcy law was passed in 2005.

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Bankruptcy Lending Equity Mortgages 517

Housing Wire

DECEMBER 27, 2023

The California-based retail lender has set a target of becoming a top-10 lender in the markets in which it has a presence, which would give it about 2% in overall market share. United Wholesale Mortgage , the top lender in the country by volume, claimed just under 8% total market share over the first nine months of 2023.

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Mortgages Bankruptcy Lending Loan Officer 419

Housing Wire

AUGUST 9, 2022

The latest non-QM player to feel the pain of the interest rate volatility afflicting the nation’s housing market this year is a Pasadena, California-based real estate investment trust called Western Asset Mortgage Capital Corp. And they have to sell them now [in the whole loan market or via securitization when we are seeing] 6%, 6.5%

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Marketing Bankruptcy Loans Principal 397

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. billion over the same period in 2021.

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Marketing Fixed-rate mortgage Bankruptcy Mortgages 407

Housing Wire

NOVEMBER 15, 2022

While originations are down due to a volatile mortgage market, the population of underserved borrowers who require non-QM products is on the rise. Prospecting for these borrower types can help protect your business during market shifts. Marketing to real estate investors is lucrative regardless of the market. and growing.

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Bankruptcy Short sale Investor Title 384

Housing Wire

NOVEMBER 9, 2021

This was very critical to not only the housing market but also the health of the U.S. As you can see below, when you lend to the capacity to own the debt, you should never see a rise in foreclosures or bankruptcies unless a job loss recession happens on a massive scale. This content is exclusively for HW+ members.

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Bankruptcy Mortgages Lending Loans 525

Housing Wire

MARCH 5, 2021

Because of rising interest rates that will affect the refi mortgage market, CoStar said CoreLogic’s value had declined, and it was done negotiating. With interest rates moving up, now is not the time for us to aggressively buy into the residential mortgage market,” Florance said in a statement.

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Marketing Bankruptcy Residential Investor 370

Realty Biz

JULY 12, 2021

I’m thinking that bankruptcy might be my only option. What’s important for me to know about filing bankruptcy as a homeowner? How bankruptcies work out is highly dependent on personal circumstances. You definitely want to talk to a bankruptcy attorney before making any final decisions or taking action. Code 6-10-2.).

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Bankruptcy Equity Mortgages As-is 92

Housing Wire

DECEMBER 29, 2021

A bullish housing market. The housing market didn’t crash at all, in fact, more Americans bought homes with mortgages in 2021 than in 2020. We do have some very positive stories about the housing market in 2021, but not all is perfect, of course. What a year 2021 has been. However, not only did the U.S. The excellent.

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Marketing Equity Construction Bankruptcy 533

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.

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Bankruptcy Investor Sales As-is 98

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.

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Housing Wire

DECEMBER 21, 2021

As 2021 draws to a close, it’s clear that the private-label residential mortgage-backed securities (RMBS) market has notched a year for the record books. market — defined as all post-financial-crisis prime, non-prime and credit-risk transfer (CRT) transactions — is projected to exceed $115 billion in issuance.

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Marketing Loans Investor Bankruptcy 405

Housing Wire

SEPTEMBER 25, 2023

According to the analysts, job market conditions remain the primary driver of consumer loan performance. Although student loans are non-dischargeable in bankruptcy, their priority in a consumer’s debt repayment hierarchy is low relative to the other major consumer debt classes,” Moody’s analysts said.

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Loans Mortgages Bankruptcy Residential 420

Housing Wire

JANUARY 4, 2022

Pontiac, Michigan-based United Wholesale Mortgage (UWM) capitalized on a booming private-label market in 2021 by sponsoring its inaugural securities transaction this past May, a prime jumbo deal involving 508 mortgages with an aggregate principal balance of $351.9 to 72% across the three deals in a market with fast-rising home prices.

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Marketing Debt-to-income ratio Loans Mortgages 373

Inman

APRIL 3, 2024

The bankrupt provider of coworking spaces is aiming to emerge from chapter 11 bankruptcy before June through the restructuring of hundreds of leases, company executives said Tuesday.

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Bankruptcy Commercial Marketing 118

Housing Wire

AUGUST 28, 2023

Credit repair services offerings from impacted companies are marketed through a collection of related entities across the Salt Lake City, Utah area, including PGX Holdings, Progrexion Marketing, and John C. “This scam is another sign that we must do more to fix the credit reporting and scoring system in our country.”

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Bankruptcy Branding Sales Marketing 370

Housing Wire

FEBRUARY 8, 2022

Newport Beach, California-based Excelerate Capital , a long-time non-QM lender with a growing market presence, finalized its acquisition of Castle Mortgage Corp. With the Castle acquisition and tech integration now completed, our intent is to lend nation nationwide in the non-QM market.

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Marketing Lending Loans Bankruptcy 370

Housing Wire

NOVEMBER 28, 2023

HousingWire recently spoke with Mike Darne, vice president of marketing at CreditXpert , about credit optimization and how taking a closer look at consumer credit can benefit borrowers. But when every loan matters, like the market we find ourselves in today, it makes a lot of sense to take a closer look at the borrower’s credit score.

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Bankruptcy Loans Mortgages As-is 406

Housing Wire

SEPTEMBER 1, 2023

Jobs week cleared up the skies for the Federal Reserve members, who are smiling — big time — after a series of data lines gave them what they wanted: a softer labor market! While the labor market isn’t breaking , it has become more pliant in the data lines the Fed focuses on. First, let’s take a look at Friday’s jobs report.

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Bankruptcy Loans Construction Marketing 471

Housing Wire

NOVEMBER 2, 2023

Smart Rate marked Strauss’s return to the mortgage market after abruptly shuttering Sprout Mortgage in July 2022. In addition, the Nationwide Multistate Licensing System (NMLS) shows that Jacksonville, Florida-based Smart Rate is no longer authorized to conduct business as of Oct. 3, indicating a voluntary surrender.

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Loan Officer Bankruptcy Loans Residential 441

Housing Wire

OCTOBER 13, 2022

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. mortgage market was ripe for refinancing, but today closer to 10%. . as of early October 2022, according to Freddie Mac’s market survey.

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Mortgages Marketing Banks Loans 370

Housing Wire

JULY 27, 2022

AOMR)— has brought to market a total of five PLS deals backed by mortgage pools valued at $2.1 The question remains, however: Is Angel Oak’s liquidity strategy sufficiently robust to get it through the current economic environment, which is marked by high market volatility and fast-rising interest rates?

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Marketing Loans Investor Mortgages 384

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.

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Mortgages Bankruptcy Loans Equity 429

Housing Wire

FEBRUARY 8, 2024

Bankruptcies and foreclosures After 2010, the qualified mortgage laws came into play and all the exotic loan debt structures in the system, especially in the run-up in demand from 2002 to 2005, disappeared. Renters, younger renter households and those with lower FICO scores are the ones showing credit stress today.

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Bankruptcy Equity Loans Mortgages 472

Housing Wire

JUNE 9, 2022

That negatively affected liquidity options in both the loan-trading and securitization markets as higher-rate loans [above 5%] subsequently hit the market. So, when rates are rising, and the market is compressing, non-QM becomes a more vogue product,” Yoon added. Non-QM is a counter cyclical product.

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Marketing Loans Technology Bankruptcy 384

Housing Wire

JANUARY 18, 2021

The market was growing; it was exciting; companies were fighting to increase market share; hope for the future was high. The sky was falling,” Perkins said, describing the environment of fear as companies were acquired, layoffs were rampant and bankruptcies were common.

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Title Bankruptcy Sales As-is 400

Housing Wire

MARCH 1, 2024

The funds will ultimately go to companies including Mirae Asset Securities , Industrial and Commercial Bank of China Financial Services (ICBC), Flagstar Bank , Customers Bank and the bankruptcy estate of Live Well itself, according to court filings reviewed by RMD. Butmost of Hild’s arguments were not persuasive, according to Parker.

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Banks Bankruptcy Commercial Equity 403

Housing Wire

MAY 10, 2022

As the housing market enters a purchase-market cycle sparked by rising mortgage rates that have killed off a long-running refinance boom, we can expect to see mortgage-fraud schemes proliferate, industry experts say. The post Risk of mortgage fraud is on the rise in the current market appeared first on HousingWire.

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Mortgages Marketing Loans Finance 397