Housing Wire

JANUARY 23, 2024

Consolidated Analytics serves clients in financial services, mortgage lending, servicing and capital markets, including banks, government-sponsored enterprises (GSEs) and originators.

Due diligence 437

Due diligence Residential Real-estate owned Lending 437

Realty Biz

JANUARY 1, 2021

These homes are usually listed as a short sale with the words – pending bank approval. The bank has the final decision on an acceptable sale offer. In some cases a bank could take months to accept an offer. Bank-Owned Properties. Properties that did not sell at auction go into the lending bank’s sole ownership.

Short sale 116

Short sale Pre-approval Banks Loans 116

Rent, Buy & Sell

JANUARY 20, 2023

If the foreclosure is approved, the local sheriff auctions the property to the highest bidder to try to recoup what the bank is owed, or the bank becomes the owner and sells the property through the traditional route to recoup its losses. Mortgage lending discrimination is illegal.

Pre-approval 59

Pre-approval Banks Loans Mortgages 59

Housing Wire

MARCH 3, 2021

In his confirmation hearing Tuesday before the Senate Banking Committee , Chopra, President Joe Biden’s choice for director of the Consumer Financial Protection Bureau , emphasized that the CFPB has to be ready for housing market fallout due to the pandemic. Student loan debt is in his crosshairs, too. Elizabeth Warren’s (D-Mass.)

Marketing 525

Marketing Loans Banks Real-estate owned 525

HomeLight

MARCH 10, 2023

According to the real estate investment lending site New Silver, the average Fix and Flip investors in New York are generating $56,400 per flip. When buying an REO ( real estate owned/lender-owned property ), the banks like to work with cash. How much do New York flippers make? Wise agrees.

House Flipping 89

House Flipping Renovation Investor Finance 89

The Close

DECEMBER 29, 2022

This is when a homeowner turns a deed over to the mortgaging bank to avoid going into foreclosure. 10 Sneaky Real Estate Scams + How to Protect Your Clients (& Yourself). This is the amount of a property that a person (not the bank) actually owns. Mortgage insurance protects banks against payment default.

Purchase and sale agreement 98

Purchase and sale agreement Title Proof of funds Pre-approval 98

The Close

MARCH 15, 2022

Like many others, I owned multiple properties and I was building custom homes on the side for big profits. As agents, we knew that 100%, no-document lending was wrong, but we didn’t know the consequences. An REO agent represents banks and loan servicing companies to sell the homes that they foreclosed upon. I was fortunate.

Agents 97

Agents Investor Banks Land 97