Crowdfunding platform Peer Street files for bankruptcy
Housing Wire
JUNE 28, 2023
and 14 affiliated debtors filed for protection under Chapter 11 of the U.S.
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Housing Wire
JUNE 28, 2023
and 14 affiliated debtors filed for protection under Chapter 11 of the U.S.
Housing Wire
SEPTEMBER 18, 2023
Dark Matter Technologies , formerly Black Knight Origination Technologies, is focused on mainly two things: the smooth transition to new owners, and lowering the cost to originate loans for lenders. Read on to learn more about Dark Matter Technologies’ plan for mortgage. Gagliano : We believe strongly in technology.
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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.
Housing Wire
FEBRUARY 17, 2023
Fintech Figure Technologies will partner with NovaWulf Digital Management to provide blockchain technology solutions for a proposed reorganization of troubled crypto lender Celsius. Cagney’s attempt to bring blockchain technology to mortgage lending at scale dates back to August 2021. Figure Acquisition Corp.,
Housing Wire
MAY 13, 2024
The FSOC report, released on Friday, states that these companies quickly adapt their operations to market conditions, are early adopters of technology and are key for underserved borrower groups. In addition, nonbanks represent seven of the 10 largest servicers of Fannie Mae , Freddie Mac and Ginnie Mae loans.
C4D Crew
OCTOBER 20, 2022
Getting your finances in order after filing for bankruptcy can feel overwhelming and impossible, especially if your bankruptcy was a result of mismanagement and overspending. Bankruptcy offers a solution to your financial problems, and a fresh start so you certainly want to make it count. Living Within Your Means. PDF Button.
Housing Wire
DECEMBER 27, 2023
There were also a few cases of bankruptcy. HousingWire tracked 62 mergers, acquisitions, exits and bankruptcies covered by the newsroom in 2023. bankruptcies. “But given how hard this market has been and that scale is becoming more important with technology, smaller companies are under more pressure. exits and 3.2%
Housing Wire
SEPTEMBER 22, 2023
Kim: Bankruptcies and layoffs are still happening. Duncan: I was looking at the bankruptcy data. It’s just gotten back to the pace of bankruptcy we saw in 2019. It is true [consumer] bankruptcies have been rising but from extremely low levels. How far are we into the industry’s consolidation? I would expect more.
Housing Wire
APRIL 18, 2024
The pool of non-QM borrowers includes real estate investors, foreign nationals, business owners, gig workers and the self-employed, as well as a smaller group of homebuyers who face credit challenges, such as past bankruptcies. With the little increase that we had, it simply alerted us that we need to be more careful [in certain areas].”
Housing Wire
OCTOBER 12, 2023
Sarah Wheeler: In the past you said that technology isn’t a differentiator, it’s just an equalizer. Rich Weidel: Yes, and even more now that we’re seeing in this down cycle which technologies provide value and which are just an expense. It wasn’t that long ago that technology was going to change everything.
Housing Wire
JULY 28, 2021
“Using technology, we’re making the entire rental journey more efficient, from search, to application, to payments, to day-to-day communication and support,” Ziglar said in a statement. Prior to working at ParkMobile, Ziglar held executive roles at Ceridian , Elavon , and Raymond James , among other companies.
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. However, the deal was blocked by the FTC in December, citing the acquisition would “effectively eliminate price competition” given the twos rivalry.
Housing Wire
FEBRUARY 23, 2024
Its pilot AI virtual assistant enabled mortgage bankers to do the most important work when working with clients, with technology taking care of tedious tasks such as filling out applications and remembering regulatory requirements — things that bankers had to do before AI was implemented.
Housing Wire
JULY 16, 2021
The Mobile “Must-Haves” Reshaping Mortgage Technology. This white paper looks at the mobile technology must-haves helping lenders streamline consumer experiences, improve workflow efficiencies, enhance partner collaboration and ultimately execute successful digital mortgage strategies.
Housing Wire
FEBRUARY 18, 2022
For example, technology expenses increased 86% to $157 million, with RentPath making up the majority of the increase. He repeatedly mentioned that the company had fallen into bankruptcy and was “not on track” to even make a profit before subtracting operating expenses. Kelman was fairly candid about RentPath’s struggles.
Housing Wire
APRIL 10, 2023
A title check facilitates better communication and transparency that today’s consumers have come to expect using technology, while also removing some of these pain points from the transaction. It is also why being an independent voice and technology partner who can integrate and support everyone was important to us when we started Flueid.
Housing Wire
DECEMBER 14, 2021
That has some producers of non-QM loans, which require specialized underwriting expertise, looking to technology, big data and the development of automated underwriting platforms as the solution for dealing with the anticipated surge in loan volume in the years ahead.
Housing Wire
FEBRUARY 28, 2023
In its Q4 earnings statement on Tuesday, mortgage technology giant Black Knight remained tight-lipped regarding the Politico report that the U.S. Market conditions have also resulted in elevated originator consolidation, bankruptcies and associated attrition,” the company’s 8-K filing said.
Housing Wire
NOVEMBER 2, 2020
Black Knight’s advanced, high-performance loan origination technology, seamless automation, integration, fee service, extensive data and analytics are being leveraged to transform mortgage originations. Black Knight is a proven mortgage industry leader in servicing technology. Originations. Secondary Marketing.
Housing Wire
DECEMBER 7, 2020
Failed to timely disburse borrowers’ tax payments from their escrow accounts and failed to properly conduct escrow analyses for borrowers during their Chapter 13 bankruptcy proceedings. According to the release, if entered by the court, Mr. Cooper would be required to immediately set aside about $15.6 ” Bray further said Mr.
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).
Housing Wire
JUNE 9, 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. We’re actively engaged in doing so.
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. A Ray of Hope: Restructuring and Recovery WeWork's bankruptcy filing has garnered support from approximately 92% of its secured notes holders. billion in new financing.
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. It’s not like they will be using that capital to build technology or to hire more great talent or [launch] a new system. Non-QM lender First Guaranty Mortgage Corp. Yoon of Excelerate Capital.
Housing Wire
MARCH 7, 2023
My objective is to strengthen Cenlar’s escrow area by leveraging technology and automating wherever possible to enhance operational efficiencies and deliver the best outcomes for Cenlar, our clients and their homeowners.” I am excited to be part of the Cenlar team,” DeHart said. “My
RIS Media
SEPTEMBER 13, 2021
Urgent action to reform ERAP is necessary before apartment residents are faced with further uncertainty and an ever-mounting debt cliff while housing providers face further losses, foreclosure, bankruptcy and even removal of the property from the rental stock, the organizations stated. Source: National Apartment Association.
Realty Biz
AUGUST 26, 2021
Texada started her career as a bankruptcy and foreclosure analyst before transitioning to real estate; financial counseling plays a central role in the firm’s value to clients. With the backing of sophisticated systems, turnkey technology and proven training programs, Erica can focus on building her business her way.”.
Housing Wire
OCTOBER 14, 2020
In this session on servicing technology, you will discover: The benefits of adopting an AI-driven process to streamline and standardize data. Why it’s critical to automate processes associated with forbearance, loss mitigation, default management, and bankruptcy/foreclosure optimization.
The Close
APRIL 5, 2024
Thankfully, technological advances have brought us so many real estate safety apps! Forewarn can obtain a criminal history, verify current vehicle and property ownership statuses, identify financial risks (like bankruptcy), and provide a complete residential address history for almost 90% of people.
Kyle Handy
JANUARY 20, 2023
You can target advertising on Google or Facebook to people interested in bankruptcy or foreclosure. It begins with developing an archive of content focused on people in your area who might want to sell — things like “Declaring Bankruptcy in Tempe, Arizona” or “How to Avoid Pre-Foreclosure in Salt Lake City, Utah.”
Realty Biz
AUGUST 18, 2020
Property owners impacted by the COVID-19 housing crisis are struggling to pay mortgages, and the imminent risk of foreclosure and bankruptcy looms large over the industry. Post-pandemic we are going to see a lot more technology. Meanwhile, negotiations over a new stimulus package have yet to culminate in an agreement.
CT Homes
OCTOBER 25, 2022
When excessive debt occurs, and those debts default and individuals need to file for bankruptcy more frequently, the economy can be overturned. Technological Adjustments : A minor factor that can cause a recession temporarily is innovations in the tech world and economy.
Housing Wire
FEBRUARY 1, 2023
What servicers need on the back end is plug-in technology that delivers value quickly and easily. Aspen Grove has deep DNA in servicing technology. Many servicers today rely on a legacy patchwork quilt of systems with disconnected processes, data and teams. Auto-scales: Cloud-native micro-services architecture enables scalability.
HomeLight
APRIL 29, 2022
This technology is now widely available, with other real estate tech companies offering home value estimators. HomeLight is a technology platform that gives hundreds of thousands of homebuyers and sellers the opportunity to partner with top real estate agents. This site does require a subscription and a monthly payment of $39.80
App Folio
MARCH 24, 2020
A social impact technology startup, Savi works to solve the student debt crisis by helping student loan borrowers better understand their debt. In addition, they are also providing help to landlords who are at risk of foreclosure and bankruptcy. This article was updated on April 24, 2020.
Redfin
SEPTEMBER 16, 2022
From the first prefabricated home in 1947 to filing for bankruptcy in 1966, let’s learn more about the history of these influential houses. That, along with delayed returns on investments , longer completion schedules, and complicated permitting processes, led his company to file for bankruptcy in 1966. . History of Eichler homes.
Marco Santarelli
JULY 25, 2022
Instead, they will lose their homes to foreclosure and often file for bankruptcy in the process. The previous housing bubble in the United States in the mid-2000s was caused in part by another bubble, this time in the technology industry. During the late 1990s dotcom bubble, many new technology companies' stock was purchased quickly.
Notorious ROB
JULY 11, 2022
Doomberg then jumps ahead to the current crises in the cryptoverse: the collapse of Terra, the troubles at Celsius, the bankruptcy of 3AC and Voyager. We might not have Bitcoin at all, and without Bitcoin, we might never have needed to have created blockchain and crypto technologies. If only we had let it all burn back in 2008.
Boom Town
FEBRUARY 8, 2018
While many actually protect your home against foreclosure, even if you file for bankruptcy, if you purchase a home in an HOA community you may lose this right because the homeowner’s association has the right to foreclose on your home. Remember to educate your buyers about Florida’s unique property laws.
HomeLight
JULY 12, 2022
Like many other innovations propelled by technological advances, investor groups and iBuyers have their place in the kaleidoscope of real estate sales options. Selling to an investor group or iBuyer isn’t attractive to everyone. In addition, the opportunity may not even be available in some markets.
App Folio
DECEMBER 18, 2020
Emerging industry trends and technologies . The REIL merges MIT’s school of real estate with its technological capabilities to create an innovative real estate technology research platform. Actually, there’s technologies out there that can make my job easier and I can be far more productive within my job. .
Housing Wire
DECEMBER 23, 2021
CoStar’s actions included collaborating with law enforcement in the Philippines to raid an Xceligent office, and Xceligent eventually fell into bankruptcy. The website also contributed a cut of the $379 million of additional “internet, marketing, and technology segment” revenue through StreetEasy’s listing fees.
Marco Santarelli
SEPTEMBER 6, 2020
If they are sued or go into bankruptcy, you’re joined at the hip as their business partner. If ever that company files for bankruptcy, they have to settle their liabilities first before anything else. You need to stay informed about trends and tools in social media, marketing, technology, and advertising.
HomeLight
AUGUST 10, 2022
With 15 years in the business, Diamond Equity Investments say they’ll buy houses being sold for any reason such as bankruptcy or foreclosure, in any condition — even fire damage — and that have baggage like large liens, title issues, or low equity. This cash homebuying company guarantees a fast and convenient closing.
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