Housing Wire

NOVEMBER 15, 2022

Loans up to $3 million 12 or 24 months personal or business bank statements allowed 1099 earning statements accepted Two years seasoning required for bankruptcy, foreclosure, short sale or deed-in-lieu. Credit Challenges: Borrowers who have recovered from a foreclosure or bankruptcy do not have wait seven years to get a mortgage.

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Bankruptcy Short sale Investor Title 374

Housing Wire

SEPTEMBER 22, 2023

However, a silver lining in the subdued housing market is the strength in new-home sales. On the production side, the mortgage business is in recession because the levels of existing-home sales are back where they were at the end of the great financial crisis at around 4 million units. That’s very low historically.

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FHA loan Bankruptcy Marketing Loans 444

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.).

Bankruptcy 91

Bankruptcy Equity Mortgages As-is 91

Housing Wire

NOVEMBER 2, 2023

The address listed is 610 Park Avenue, New York, a residential property for sale for $19.9 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. million , down from $26.5

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Loan Officer Bankruptcy Loans Residential 429

Housing Wire

AUGUST 28, 2023

Earlier this year, the district court ruled that the defendants violated the advance fee provision of the Telemarketing Sale Rule, which includes protective measures for consumers related to telemarketing and sets payment restrictions for certain goods and services.

Bankruptcy 370

Bankruptcy Branding Sales Marketing 370

Housing Wire

AUGUST 30, 2022

From the index : I know it seems strange, but existing home sales are falling, and the monthly supply of new homes is at 10.9 months even if the last existing home sales report showed home price growth of near 11% year over year. However, we haven’t had a credit sales boom like the one we saw from 2002-2005.

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Bankruptcy Days on market Sales Short sale 384

Inman

AUGUST 29, 2023

Lexington Law and CreditRepair.com parent Progrexion filed for bankruptcy protection in June after the court ruled collection of upfront fees violated the Telemarketing Sales Rule.

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Bankruptcy Sales Mortgages Marketing 134

HomeLight

MAY 3, 2024

Some agents even get certified, which involves special training in understanding tax issues in the sale of the family home, alimony and child support, divorce and pensions, and bankruptcy.

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Agents Bankruptcy Sales 100

HomeLight

FEBRUARY 29, 2024

Whether your decision is motivated by job changes, financial needs, or family matters, sometimes a fast home sale is inevitable. Let’s dive in and find out how to turn your San Antonio property into a successful and speedy sale. Receive your offer in 24 hours and close in as few as 10 days.

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Sales Bankruptcy Inspection Closing 81

Housing Wire

AUGUST 3, 2023

Heightened focus on expenses by clients and prospects, as well as the proposed ICE transaction, has elongated the sales cycles in the short term; market conditions continue to result in elevated originator consolidation, bankruptcies and associated attrition, according to its filing with the Securities and Exchange Commission (SEC).

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Bankruptcy Mortgages Development Loans 338

Housing Wire

JANUARY 18, 2021

The first time Lawyers Title of Arizona Sales Executive Sarah Perkins walked through an acquisition was 2006. The sky was falling,” Perkins said, describing the environment of fear as companies were acquired, layoffs were rampant and bankruptcies were common. During her second acquisition in 2008, the story was much different.

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Title Bankruptcy Sales As-is 354

Realty Biz

JANUARY 16, 2022

a $295 million, 105,000-square-foot mansion in Los Angeles’ Bel Air neighborhood has just gone on sale. However, Niami racked up mounting debts as he built the home, and the mansion is now being sold as part of a bankruptcy agreement. The bankruptcy agreement will force the home to be sold at auction to the highest bidder on Feb.

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Purchase and sale agreement Sales Bankruptcy Development 101

Housing Wire

JANUARY 5, 2023

. “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. There were about $8 million in costs associated with the layoffs – including $6.1 million in severance payments and $1.3

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Lending Mortgages Bankruptcy Banks 360

Realty Biz

AUGUST 29, 2022

Many more homes have been sold since then and some have even gone through short sales. But what is a short sale exactly, and how is it any different than a regular sale, bankruptcy, or foreclosure? How does a short sale affect you as a homeowner? Are there any benefits of short sales compared to other options?

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Short sale Sales Bankruptcy Banks 108

Housing Wire

FEBRUARY 19, 2021

Seattle-based Redfin has agreed to pay $608 million in cash to acquire RentPath , though the deal still requires sign-off by the Federal Trade Commission and a bankruptcy court. Despite RentPath’s baggage, namely a $650 million bankruptcy restructuring , Redfin sees big traffic and lead-generation potential with the pending acquisition.

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Bankruptcy Brokerage Property Management Agents 420

Housing Wire

AUGUST 9, 2022

LLC , recently announced that it is exploring a potential company sale or merger in the wake of posting a $22.4 The stock-value pressure is prompting the WMC to explore alternatives going forward, including a possible sale of the company. The REIT, which is managed by investment advisor Western Asset Management Co. WMC, with some $2.8

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Marketing Bankruptcy Loans Principal 383

Housing Wire

MARCH 26, 2021

He also claimed Wells Fargo didn’t compensate mortgage professionals for non-sales work, clawed back vacation pay from commissions and did not pay overtime wages as required by laws. The post Wells Fargo pays $96M to settle LO comp lawsuit appeared first on HousingWire.

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Bankruptcy Banks Loan Officer Loans 466

Housing Wire

JULY 11, 2023

According to the indictment, the group allegedly acquired a property in bankruptcy proceedings in a short sale, and two defendants moved in and occupied that home as their primary residence. In total, the group allegedly forged financial statements and filed false tax documents to access $1.5

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Bankruptcy Short sale Loans Title 247

Realtor.com

JANUARY 20, 2023

The listing comes on the heels of the sale of her Pennsylvania dance studio late last year. The dance instructor, who served a prison sentence for felony bankruptcy fraud, might be looking to secure some quick cash with the sale of her Davenport home, which she purchased in 2005 for $243,000, according to property records.

Sales 76

Sales Bankruptcy Design As-is 76

Housing Wire

NOVEMBER 10, 2022

Angel Oak Home Loans will exit its retail distribution channel following a sale of its retail offices to an unknown lender and servicer. The firm will focus on the non-qualified residential mortgages in the wholesale and correspondent channels.

Loans 305

Loans Bankruptcy Loan Officer Lending 305

Brownstoner

AUGUST 2, 2022

bankruptcy claim has temporarily paused a foreclosure sale that would put dozens of occupants of a Bay Ridge apartment building at risk of eviction after their landlord allegedly defrauded them out of hundreds of thousands of dollars.

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Bankruptcy Sales Marketing 52

Housing Wire

AUGUST 3, 2022

In June of last year, New American Funding announced plans to expand its footprint across much of the country by hiring LOs and other sales staff. Licensed in 49 states across the nation, the lender has 159 active branches nationwide and originated $31.8 billion in mortgages in 2021. billion in the first six months of 2022, down 42.7%

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Bankruptcy Loan Officer Mortgages Loans 421

Housing Wire

FEBRUARY 28, 2023

We remain focused on winning new clients, expanding and extending our relationships with existing clients through cross-sales and contract renewals, and delivering innovative new solutions.” Organic growth in 2022 declined from the previous year’s 10%, which is in line with the mortgage analytics data company’s expectations. .

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Bankruptcy Mortgages Technology Banks 361

Housing Wire

APRIL 18, 2024

The report defines a critical defect as one that “would result in the loan being uninsurable or ineligible for sale.” According to the ACES report, the critical-defect rate declined from 2.47% in third-quarter 2022 to 1.67% in Q3 2023, the most recent data available.

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Loans Due diligence Investor Technology 394

Housing Wire

MARCH 26, 2024

For instance, they can take some of the profit from the sale of their current home and buy down the interest rate on the loan for their new house, thereby decreasing their monthly payment and staying on budget. If they have the ability to work remotely, that flexibility expands their potential search area for a new house.

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Equity Loans Bankruptcy New Construction 430

HomeLight

DECEMBER 19, 2023

“Major changes” can include sales or transfers of ownership, tax liens , and changes to the home’s square footage if there have been additions to the property. A property record search can also reveal information about the previous owners, property deeds — and even some personal information about the seller regarding divorce and bankruptcy.

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Title search Bankruptcy Title Land 113

Housing Wire

JULY 1, 2022

FGMC filed for Chapter 11 bankruptcy protection in Delaware on Thursday, June 30. VanSingel alleges that she experienced discriminatory conduct from senior vice president of retail sales Simons in January 2022. According to Meyers, other sales managers sent her messages apologizing for Simon’s behavior.

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Loan Officer Bankruptcy Loans Sales 328

Housing Wire

DECEMBER 27, 2022

Other smaller lenders, including real estate tech startup Reali and Sprout Mortgage , shuttered, while First Guaranty Mortgage Corp filed for Chapter 11 bankruptcy. The top loan originators, who exceeded the landmark $1 billion in origination volume in each of the past two years, weren’t immune to rising rates either.

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Equity Marketing Loans Bankruptcy 515

Housing Wire

NOVEMBER 2, 2020

These services include artificial intelligence, point of sale, loan officer capabilities, fee service, collaboration network, digital closings, PPE, compliance monitoring and actionable analytics. Capabilities include loss mitigation, bankruptcy, foreclosure, invoicing and claims. Secondary Marketing. Added Value to Clients.

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Lending Bankruptcy Equity Loans 400

Housing Wire

DECEMBER 28, 2021

After the fire, the price of PG&E’s shares tumbled and in early 2019 the company, which provides gas and electricity to the vast majority of Northern California homes, filed for Chapter 11 restructuring bankruptcy. In 2020, as part of its plan to exit bankruptcy , PG&E agreed to fund a $13.5

Bankruptcy 339

Bankruptcy New Construction Construction Agents 339

Keeping Current Matters

JUNE 10, 2021

Lehman Brothers) and many more into bankruptcy. Not all of the $700 billion was used, but the important point is that the government did not act with equal fervor to help flailing homeowners, millions of whom lost their homes to foreclosures and short sales. It created a panic that drove some large companies out of business (ex.

Bankruptcy 237

Bankruptcy Banks Short sale Industrial 237

Housing Wire

SEPTEMBER 8, 2022

million homes for sale, but in 2022 we got as low as 870,000 in total inventory. I always stress how crucial it was to have the 2005 bankruptcy reform laws and the 2010 qualified mortgage laws, which together have allowed homeowners to have the best financial profiles in our country’s history.

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Loans Banks Equity Closing costs 544

Notorious ROB

OCTOBER 24, 2022

The market was crazy hot, and both mortgages and home sales were going stratospheric. Sales plummeted. They ended up having to fire sale their investment properties, sell their vacation home, and suffered enormously for years. Back when I was still thinking about pursuing law as a career, my interest was in bankruptcy law.

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Brokerage Bankruptcy Property Management Title 88

Housing Wire

DECEMBER 8, 2021

My biggest concern for housing in the years 2020-2024 was that if the demographic push in demand picks up and total home sales get over 6. million new and existing home sales combined. This type of sales growth — which couldn’t happen from 2008-2019, as I have often stated — is coming with a hefty price tag.

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Bankruptcy Loans Sales Short sale 520

HomeLight

FEBRUARY 9, 2024

Many Des Moines residents find themselves in situations where time is of the essence, requiring a fast and efficient sale process. With strategies ranging from cash offers to partnering with top real estate agents, this guide will explore the best methods to achieve a quick sale without sacrificing value.

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Bankruptcy Sales Property Management Renovation 109

Housing Wire

DECEMBER 29, 2021

Retail sales have been off the charts, job openings are at 11 million, GDP growth picked up big time and jobless claims hit a level last seen in 1969. With only one existing home sales report left this year, it is imperative to focus on the fact that more Americans bought homes in 2021 than 2020. However, not only did the U.S.

Marketing 531

Marketing Equity Construction Bankruptcy 531

Housing Wire

APRIL 10, 2023

So nowwith a title check,lenders have the ability at Point-of-Sale to ask questions, gather and validate information from the consumer in one step, streamlining the consumer experience. Now we are integrating into leading Point-of-Sale and Loan Origination Systems (LOS). That’s much too late in the process.

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