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New Wave sues Sprout for defaulting on $32M purchase of mortgages

Housing Wire

15, 2022, for the purchase of 51 loans, with a total principal value of $32,864,270. After accepting Sprout’s written offer, the parties started the due diligence process. New Wave said it requested bids from multiple investors from Jan. 20, 2022, to Feb. Presented by: Polly.

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New Wave sues Sprout for defaulting on $32M purchase of mortgages

Housing Wire

15, 2022, for the purchase of 51 loans, with a total principal value of $32,864,270. After accepting Sprout’s written offer, the parties started the due diligence process. New Wave said it requested bids from multiple investors from Jan. 20, 2022, to Feb. Presented by: Polly.

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Fannie Mae unveils $1.49 billion reperforming loan sale

Housing Wire

The offering is comprised of 7,600 mortgages with total unpaid principal balance of $1.49 The sale of reperforming loans (RPLs) is being marketed in collaboration with Citigroup Global Markets , with bids due by May 3, 2022. million in unpaid principal balance; pool 2 is at $514.5 million; and pool 3, $367.4

Loans 370
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Fannie Mae unveils $997M reperforming loan offering 

Housing Wire

Fannie Mae has launched its fourth reperforming-loan sale of the year — an offering of 6,130 loans with an unpaid principal balance of $997 million. million in unpaid principal balance; pool 2 is at $342.5 The reperforming-loan sale is slated to close by late October 2022, after due-diligence period.

Loans 384
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LauraMac appoints Rick Seehausen as chief strategy officer

Housing Wire

Prior to joining LauraMac, he served as a principal at LauraMac’s parent company Calterra Capital, where he continues to be an executive advisor to personal holdings. Seehausen’s professional career spans nearly three decades in the mortgage industry. where he will continue to serve in this role.

Loans 383
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Brownstoner Podcast: Everything You Need to Know About Title Insurance With Dorian Lam

Brownstoner

Cornerstone Land Abstract Principal and Executive Vice President Dorian Lam reveals title issues that can torpedo a real estate deal, the best way to approach due diligence, and whether you can buy real estate with cryptocurrency.

Title 52
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The complete guide to selling rental property in 2022

Housing Wire

The renter (now buyer) pays you principal plus interest during the term. Roofstock does the work: A lot of due diligence goes into selling a rental property. If the renter doesn’t qualify for financing and/or doesn’t have a large down payment, you can offer seller financing. Pay Your Tenant to Leave.