Housing Wire

JANUARY 22, 2024

Under MV Realty’s Homeowner Benefit Agreement , the homeowner signs over the right to list their home for the next 40 years to MV Realty in exchange for a cash payment ranging from $300 to $5,000. If the homeowner breaks the agreement or decides to terminate it early, they must pay the firm 6% of the appraised value of the home.

Bankruptcy 388

Bankruptcy Brokerage Lending Agents 388

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.

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Bankruptcy Equity Mortgages As-is 92

Housing Wire

APRIL 1, 2024

The practice of right-to-list agreements preys upon homeowners by offering small lump sums of cash in exchange for decades-long contracts for the exclusive rights to sell the property. For a homeowner in need of extra cash, somewhere between $300 to $5,000, a company will give them the cash they need without a loan. Kentucky Gov.

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Title Bankruptcy Land Finance 373

Housing Wire

MARCH 6, 2024

CMG Financial is “doubling down on controlling lifetime customer experience,” and the seven-year deal with Sagent is in line with the lender’s effort to prioritize its “homeowner-first strategy,” the companies said in a joint news release.

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Bankruptcy Loan Officer Mortgages Investor 333

Housing Wire

DECEMBER 8, 2020

In all, the Justice Department said the three lenders didn’t comply with federal bankruptcy procedures, which affected a total of 76,000 accounts beginning in 2011. The bank also waived approximately $43 million in fees across its mortgage servicing portfolio, including for borrowers in bankruptcy. In all, Mr. Cooper, U.S.

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Banks Bankruptcy Finance Mortgages 388

Housing Wire

MAY 13, 2024

Another is for Congress to consider establishing a fund administered by a newly authorized federal regulator — and financed by servicers — to provide liquidity when they are in bankruptcy or have reached the point of failure. ” Still, it must be “accompanied by strong financial stability guardrails.” ”

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Bankruptcy Finance Mortgages Banks 406

Housing Wire

NOVEMBER 9, 2021

People who make the most money, excluding the 1% and 0.01%, usually have the most consumer debt because they’re homeowners. 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.

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Bankruptcy Mortgages Lending Loans 489

Housing Wire

FEBRUARY 8, 2024

Homeowners have actually never looked better and the data from the Federal Reserve ‘s Quarterly Report on Household Debt and Credit shows why. Homeowners are not the people we need to be concerned about this time. Homeowners, on the other hand, are sitting pretty and are the envy of the world. The truth is, U.S.

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Bankruptcy Equity Loans Mortgages 403

Inman

SEPTEMBER 5, 2023

Fallout from the bankruptcy of reinsurer Vesttoo Ltd. ripples through the insurance industry, with Texas regulators keeping tabs on Homeowners of America Insurance Co.

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Bankruptcy Industrial Mortgages 153

Housing Wire

AUGUST 30, 2022

There is a simple explanation for this, but you’re going to have to believe that supply and demand economics still work and that the credit profiles of homeowners matter more than people think. I am not talking about investors; I am talking about primary resident homeowners. Some sell to rent, of course.

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Bankruptcy Days on market Sales Short sale 381

Realty Biz

FEBRUARY 1, 2024

Homeowners insurance can protect you and your house in the event of a tragedy, such as a fire or other natural disaster. But homeowners insurance isn’t always affordable — according to the National Association of Insurance Commissioners , most homeowners pay around $1,200 a year for their insurance policy. Then, compare offers.

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Bankruptcy New Construction Mortgages Construction 76

Housing Wire

JULY 11, 2023

The Westchester County District Attorney announced on Friday that it has indicted a group of six individuals and a corporation for allegedly stealing property deeds from distressed homeowners, fraudulently accessing mortgage loans, and evading state taxes. They ultimately defaulted on the mortgages, the district attorney claimed.

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Bankruptcy Short sale Loans Title 232

Housing Wire

JUNE 21, 2022

In a refinancing, homeowners obtain a new loan and lenders require a new title search and a title insurance policy on that loan to protect their investment. And because the home’s ownership remains unchanged, a homeowners’ title insurance “Owner’s Policy” is valid through refinance. Why is a title search necessary for refinancing?

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Title Title search Due diligence Land 506

Housing Wire

NOVEMBER 8, 2023

With the QM rule and a return to traditional housing credit channels, we can’t have a massive credit boom in housing — but that also means we can’t have the same sort of credit bust we had in 2008, because we have the best homeowners on record ever. One thing is sure: homeowners’ credit profiles look nothing like 2008.

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Fixed-rate mortgage Bankruptcy Loans Mortgages 413

Housing Wire

SEPTEMBER 22, 2023

For existing homeowners, that’s good news because it means equity accumulation. 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. But prices are rising again. I actually expect that to continue.

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FHA loan Bankruptcy Marketing Loans 427

Housing Wire

NOVEMBER 6, 2020

Homeowners who were placed into proactive forbearance plans by Wells Fargo received positive news this week. 2, in response to a class action lawsuit filed in Virginia, Wells Fargo agreed not to place homeowners into a COVID-19 forbearance plan or extend an existing plan unless a customer requests forbearance.

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Bankruptcy Banks Equity Loans 262

Housing Wire

SEPTEMBER 8, 2022

When mortgage rates fall, the majority of homebuyers (including homeowners who need to sell to buy another home) are mostly employed, so lower rates greatly benefit them, and housing demand increases. So, not only do we have 40% plus of homes with no mortgage, the nested equity homeowners have now is almost unfair.

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Loans Banks Equity Closing costs 543

Housing Wire

DECEMBER 27, 2022

Homeowners who refinanced during the pandemic simply aren’t going anywhere, according to Nick Smith, managing partner and CEO at Rice Park Capital Management. Homeowners in 2022 also tapped into their home equity, which peaked at $11.5 “The 2002 housing market has been a tale of two halves,” said Green.

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Housing Wire

DECEMBER 7, 2020

Mortgage servicers are entrusted with handling significant financial transactions for millions of Americans, including struggling homeowners,” said CFPB Director Kathleen Kraninger in a statement. “[Mr. According to the release, if entered by the court, Mr. Cooper would be required to immediately set aside about $15.6

Bankruptcy 534

Bankruptcy Loans Mortgages Finance 534

Inman

APRIL 4, 2023

As both Realtors and homeowners await the outcome, the defendants' next moves — settlement, trial or bankruptcy, may very well reshape the industry’s landscape for many years to come.

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Bankruptcy Agents Industrial As-is 113

Housing Wire

FEBRUARY 3, 2021

The greatest areas of concern for Uejio surrounded servicers’ handling of CARES Act forbearances such as failing to process accounts or providing homeowners with incorrect or incomplete information. Mortgage servicers take steps to support borrowers amid COVID-19.

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Mortgages Bankruptcy Finance Loans 342

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 318

Bankruptcy New Construction Construction Agents 318

Housing Wire

MARCH 3, 2022

As all participants in the mortgage industry know, securitization is a critical tool for making loans to homeowners at affordable rates. One of the critical mechanisms of securitization is the separation of the underlying assets from the bankruptcy risk of the mortgage bond issuer. This separation is important for the market.

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Bankruptcy Investor Fixed-rate mortgage Loans 308

Housing Wire

DECEMBER 29, 2021

This was in honor of all the trolling, non-economic people on the internet calling for housing to crash when clearly none of these people had any clue about the housing market or the credit debt structures of homeowners post-2010. Beyond the success of just the forbearance program is the state of the American homeowner today.

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Marketing Equity Construction Bankruptcy 526

Housing Wire

MARCH 31, 2022

” The notion that educated homeowners with positive cash flow — who aren’t showing any stress in making their low payments thanks to historically low mortgage rates — would sell at 50%, 60% to 70% off current values and go back to renting, doesn’t seem realistic. Home prices have grown 108.3%

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Bankruptcy Lending Mortgages Title 522

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.

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Bankruptcy Banks Short sale Industrial 241

Housing Wire

AUGUST 4, 2021

The Homeowners Assistance Fund (HAF) can help with that. In March, Congress allocated $10 billion in funds to prevent homeowners from falling behind on their mortgage, losing utility services, or being displaced. Homeowners could also use the assistance to repair their home and keep it habitable. Presented by: Xome.

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Homeowner’s association Bankruptcy Principal Development 414

HomeLight

FEBRUARY 9, 2024

If you’re a homeowner in Des Moines looking to sell your house quickly, you’re not alone. Step 1: Request Offer Why you might need to sell your Des Moines house fast Life’s unexpected turns often lead homeowners in Des Moines to consider selling their homes quickly. No showings, no repairs, no open houses.

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Bankruptcy Sales Property Management Renovation 109

Housing Wire

JANUARY 20, 2021

For example, it shows whether the owner has ever filed for bankruptcy or if they’re facing foreclosure. Postal database, homeowners who are facing foreclosure or what White calls “tired landlords,” those who have owned an investment property for a long time.

Bankruptcy 412

Bankruptcy MLS Agents Design 412

Marco Santarelli

JULY 25, 2022

How Does a Market Crash Affect Homeowners? Homeowners owe more on their mortgages than their homes were worth and can no longer just flip their way out of their homes if they cannot make the new, higher payments. Instead, they will lose their homes to foreclosure and often file for bankruptcy in the process.

Marketing 52

Marketing Lending Mortgages Equity 52

McKissock

AUGUST 7, 2022

Let’s explore where these two instances differ and why current homeowners should rest assured that history will not repeat itself. . When people could not make their mortgage payments, the housing bubble burst and thousands of homes were foreclosed, multiple big-name lenders declared bankruptcy, and the market required government bailouts.

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Pre-approval Bankruptcy Banks Loans 91

Notorious ROB

OCTOBER 24, 2022

It’s hard to sell homeowner’s insurance if there are fewer people becoming homeowners. Back when I was still thinking about pursuing law as a career, my interest was in bankruptcy law. For some reason I thought international cross-border bankruptcy law was super fun. Escrow will be way down.

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Brokerage Bankruptcy Property Management Title 88

Housing Wire

MARCH 7, 2023

“Having managed large-scale servicing operations, we will lean on Michelle’s expertise and are confident that she will deliver the best possible solutions for Cenlar, our clients and their homeowners,” Bill Moffett, Cenlar’s senior vice president of loan operations, said.

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Loans Banks Mortgages Technology 324

HomeLight

FEBRUARY 21, 2024

If you’re a homeowner in Pittsburgh needing to sell your house fast, take comfort in knowing that it’s achievable and that you have options to explore. Financial strain: When facing tight finances due to medical bills, bankruptcy, or foreclosure , a fast home sale can alleviate the burden. Consider requesting a cash offer.

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Bankruptcy Investor Finance Inspection 80

Realtor.com

JANUARY 20, 2023

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. But today, the media personality is looking to part with her Davenport, FL, home for $399,999.

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Sales Bankruptcy Design As-is 76

The Close

JULY 23, 2022

Well, there are some top-producing agents out there who know of homeowners who might sell “if they got the right price” and other homeowners who are still getting ready to list, but don’t have their homes listed on the market yet. Wouldn’t it be nice if homeowners raised their hands when they wanted to sell? Sound familiar?

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Bankruptcy Purchase and sale agreement MLS Investor 111

Housing Wire

SEPTEMBER 5, 2023

Porch Group announced that its insurance subsidiary Homeowners of America (HOA) has been placed under temporary supervision by Texas regulators. The announcement comes in the wake of bankruptcy of allegations of fraudulent activity against reinsurer Vesttoo Ltd , which filed for Chapter 11 bankruptcy protection in August.

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Bankruptcy Development Banks Industrial 389