Housing Wire

JANUARY 11, 2024

District Court for the Northern District of Texas , Ginnie Mae has filed its response to a lawsuit brought against it by Texas Capital Bank (TCB) saying the warehouse lender lacks standing and discounts the authority the government has to extinguish a lender from its reverse mortgage-backed securities program.

Lending 459

Lending Bankruptcy Mortgages Principal 459

Housing Wire

SEPTEMBER 22, 2023

While the central bank left the benchmark rate unchanged in the target range of 5.25%-5.5% Elevated mortgage rates will lead to more lenders spilling red ink in the latter half of the year, in contrast to the improved financial performance of independent mortgage banks in Q2. Kim: Bankruptcies and layoffs are still happening.

FHA loan 476

FHA loan Bankruptcy Marketing Loans 476

Housing Wire

SEPTEMBER 8, 2022

Bank of America recently announced a loan for lower-income households that doesn’t require homebuyers to come up with a downpayment or closing costs, and doesn’t base the loan on a minimum FICO score. So when you add move-up buyers, move-down buyers, first-time homebuyers, cash buyers and investors together, this can get out of hand.

Loans 544

Loans Banks Equity Bankruptcy 544

Housing Wire

MARCH 23, 2022

Minneapolis-based CarVal Investors , a global alternative investment manager and long-time player in the mortgage market, has launched a real estate mortgage investment conduit, or REMIC, that plans to work with loan originators around the country to develop and acquire innovative nonagency mortgage products.

Bankruptcy 397

Bankruptcy Banks Loans Residential 397

Housing Wire

JANUARY 5, 2023

Silvergate Capital Corporation , parent company of Silvergate Bank , which provided services to Sam Bankman-Fried’s now-collapsed crypto empire, walked away from its mortgage warehouse business and cut workforce by 20% as clients pulled $8.1 billion in crypto-related deposits. million in severance payments and $1.3

Lending 418

Lending Mortgages Bankruptcy Banks 418

Housing Wire

JANUARY 19, 2023

The lawsuits quickly came pouring in, but Strauss never did seek bankruptcy protection for Sprout or its affiliates. The Smart Rate website mentions that the mortgage lender offers purchase and refinancings, jumbo, FHA, adjustable, bank statement and investors loans. Yet Strauss, who already has a $2.45

Mortgages 418

Mortgages Bankruptcy Loans Investor 418

Housing Wire

DECEMBER 13, 2024

Instead, it would be similar to Ginnie Mae HMBS (backed by FHA -insured reverse mortgage loans), where the investor is paid an accrued sum at the time the loan resolves. The trade group acknowledged that investor demand for such a product is likely to be small, but this doesnt mean it couldnt make a difference.

Bankruptcy 369

Bankruptcy Loans Investor Banks 369

Housing Wire

SEPTEMBER 29, 2022

MAXEX is an Atlanta-based fintech company that is backed by leading private-equity and capital-markets investors, including J.P. These new programs will expand our reach with bank-statement and other alternative-documentation loans, interest-only, etc., Morgan Chase.

Marketing 397

Marketing Pre-approval Bankruptcy Loans 397

Housing Wire

MAY 13, 2021

Real estate investors see a significant opportunity in the single-family rental space. Due to tight inventory and increased competition, investors need to close on loans quickly. The options for originators and their real estate investor clients get smaller trying to find someone to do these loans.

Loans 325

Loans Bankruptcy Investor Short sale 325

Housing Wire

SEPTEMBER 9, 2022

That cap doubled starting in September, meaning the central bank going forward will now allow up to $35 billion per month in MBS to roll off its balance sheet as the securities mature. This [rate of runoff] will necessitate private investors to absorb about $250 billion in additional supply per year over the next decade.

Marketing 435

Marketing Fixed-rate mortgage Bankruptcy Mortgages 435

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. Just weeks later, a leaked text message from Flagstar Bank provided an inside look at how dire the current climate is for many non-QM lenders. Non-QM lender First Guaranty Mortgage Corp.

Lending 397

Lending Banks Bankruptcy Loans 397

Housing Wire

AUGUST 9, 2022

I don’t think investors are jumping to buy bonds backed by coupons [rates on loans] that can’t even cover the coupon on the bonds … and securitization [costs].”. 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 volatile out there.

Marketing 418

Marketing Bankruptcy Loans Principal 418

Housing Wire

NOVEMBER 10, 2020

Liquidity had dried up and bond investors were running for the hills. For eight years they were not able to get a mortgage loan – they could have an 800 credit score, $2 million in the bank. We have the bank statement program, jumbo loans. million purchase after he was turned down by a retail bank. That’s when we get ‘em.

Debt-to-income ratio 459

Debt-to-income ratio Loans Banks Loan Officer 459

Housing Wire

DECEMBER 21, 2021

Low mortgage rates, stable collateral performance and comparatively favorable spreads for much of the year showed a strong level of investor demand in RMBS paper, making 2021 the record post-global-financial-crisis issuance year,” the KBRA forecast states. The major driver of private-label issuance this year has been the jumbo-loan market.

Marketing 435

Marketing Loans Investor Bankruptcy 435

Housing Wire

FEBRUARY 23, 2024

Despite reporting a GAAP net loss of $390 million in 2023, investors seem to be sold on the company’s path towards Rocket’s “AI-fueled homeownership strategy,” a phrase repeatedly used by executives in a fourth-quarter earnings call on Thursday. AI driving productivity across the board The bottom line as to why Rocket is pushing hard on AI?

Equity 448

Equity Bankruptcy Loans Banks 448

Housing Wire

APRIL 18, 2024

Repurchases have been a hot topic for lenders, and to some degree, the agencies and investors have gotten a bad rap in these discussions,” said Nick Volpe , executive vice president of ACES Quality Management. “ Non-QM loans are those that cannot be purchased by the GSEs.

Loans 448

Loans Due diligence Investor Technology 448

Housing Wire

AUGUST 30, 2022

I understand why anti-Central Bank people say this because they want to blame everything on the Federal Reserve and say it’s just been booming demand. I am not talking about investors; I am talking about primary resident homeowners. However, we haven’t had a credit sales boom like the one we saw from 2002-2005.

Bankruptcy 397

Bankruptcy Days on market Sales Short sale 397

Housing Wire

DECEMBER 14, 2021

The pool of non-QM borrowers includes real estate investors, property flippers, foreign nationals, business owners and the self-employed, as well as a smaller group of homebuyers facing credit challenges, such as past bankruptcies. “We Automation just increases efficiencies,” Hutchens added. And it is growing fast, he added. “We’re

Lending 397

Lending Loans Bankruptcy Technology 397

Housing Wire

DECEMBER 10, 2021

As a result, they must rely on alternative documentation, including bank statements, assets or, in the case of rental properties, debt-service coverage ratios. “If Non-QM mortgages also go to a slice of borrowers facing credit challenges — such as a recent bankruptcy or slightly out-of-bounds credit scores.

Loans 497

Loans Lending Bankruptcy Mortgages 497

Housing Wire

MARCH 28, 2022

UWM recently rolled out bank statement loans targeting the self-employed as well as investor loans. Likewise, Homepoint is unveiling bank-statement loans as well as non-QM cash-flow loans for real estate investors. Several other big nonbanks have investor loan products as well.).

Loans 370

Loans Lending Investor Mortgages 370

Housing Wire

JULY 27, 2022

If those spreads and yields are attractive to investors, however, it usually means the margins for RMBS issuers like Angel Oak are squeezed. In addition, in a rising rate environment, MBS investors expect a premium on securities backed by lower-rate mortgages, compared to offerings involving more recent higher-rate mortgages.

Marketing 397

Marketing Loans Investor Mortgages 397

The Close

MARCH 13, 2025

It is an all-in-one software for investors, landlords, and property managers to manage one property or entire portfolios from one convenient platform. It offers online banking and accounting, leasing and property management, tenant management, and app integrations. Expert score 3.8 General features 5.0 Advanced features 4.0

Property Management 52

Property Management Banks Investor Bankruptcy 52

Realtor.com

MARCH 24, 2021

Many of these loans are held in bank portfolios, where the bank has considerable discretion to offer the type of relief it sees fit, while others are owned by smaller investors or packaged into private-label securities, where the deal documents can govern what types of relief servicers can offer to borrowers. “Our

As-is 85

As-is Mortgages Bankruptcy Purchase and sale agreement 85

The Close

MARCH 15, 2022

Institutional Investors Are Changing the Market. Instead, massive institutional investors are buying single-family homes by the tens of thousands. are already owned by institutional investors. An REO agent represents banks and loan servicing companies to sell the homes that they foreclosed upon. It gets worse.

Agents 98

Agents Investor Banks Land 98

HomeLight

MARCH 16, 2023

The Greater Houston area is expected to continue being a hot investor marketplace this year as its 7.2 Learn more: 7 of the Top We Buy Houses for Cash Companies in Houston However, first-time or fair-weather investors facing high interest rates and inflation have created some challenges in the Texas market.

Sales 93

Sales Purchase and sale agreement Earnest money deposit Investor 93

The Close

SEPTEMBER 24, 2024

Real estate wire fraud is up 4x over the past five years, which is a scary thought for real estate agents and investors. As a real estate safety expert, former agent, and investor, I’ve seen firsthand the devastating consequences rental scams can have. If you receive a request to change bank details, proceed with caution.

Due diligence 98

Due diligence Investor Title Inspection 98

HomeLight

AUGUST 31, 2020

Your city or county can create a tax lien certificate that can be sold to outside investors. If you fail to pay off the lien, and the additional penalties and interest, that private investor can then foreclose on your home as a repayment of the debt. But the IRS got their $17,500 in the end from the bankruptcy trustee.”.

Bankruptcy 105

Bankruptcy Equity Title Closing 105

Notorious ROB

JULY 11, 2022

So please, please, please do not try to help me and other crypto investors. Doomberg starts by briefly summarizing the horrible precedent of government bailouts of the banks. 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.

Investor 80

Investor Banks Finance Title 80

Kyle Handy

JANUARY 20, 2023

A house flipper isn’t just a real estate investor when done right. As a real estate agent or investor, you probably already know which neighborhoods are best for flipping homes. Other Local Professionals Many real estate investors make the mistake of only networking with other real estate professionals.

House Flipping 89

House Flipping Bankruptcy Renovation Investor 89

Marco Santarelli

SEPTEMBER 6, 2020

Instead, we’re suggesting you loan money to other real estate investors through crowdfunding sites. You can vet each investor’s project individually, but you aren’t dealing with individual investors personally. You can diversify your holdings, loaning several hundred or thousand dollars to each would-be investor.

Lending 135

Lending Loans Investor Branding 135

Marco Santarelli

SEPTEMBER 7, 2021

The most successful real estate investors see profit opportunities everywhere. It is common for real estate investors to invest in properties that generate multiples of their initial investment. If housing supply meets housing demand, real estate investors should not miss the opportunity since entry prices of homes remain affordable.

Investor 111

Investor Bankruptcy Renovation Land 111

HomeLight

AUGUST 16, 2021

You’ll learn how to prospect for distressed properties, how to approach homeowners, how to work with banks, and much more that will position you as the local expert with solutions to help those in need. We have a great listener question about how to become a bank’s go-to agent and much, much more. Christina: Sure.

Marketing 76

Marketing Short sale Bankruptcy Banks 76

Realtor.com

OCTOBER 30, 2020

Detroit is making a comeback after years of decline that led to a bankruptcy filing in 2013. By the time General Motors and Chrysler filed for bankruptcy reorganization during the financial crisis, many of Detroit’s blue-collar jobs were long gone. On the east side of the street, getting a mortgage to buy a home is a breeze.

Marketing 86

Marketing Bankruptcy Finance Banks 86

HomeLight

JULY 31, 2021

turn four walls and a roof into money in the bank, without the need for inconvenient showings, nail-biting appraisals , or a 50-day closing. The main method is to request a cash offer from an investor or cash-buying company that will likely purchase your home “as is.” says Andy Kolodgie , a real estate investor in Washington, D.C.

Earnest money deposit 98

Earnest money deposit Inspection Inspection contingency Title 98

Marco Santarelli

SEPTEMBER 30, 2023

Factors Affecting FHA Loan Eligibility Besides the credit score, the FHA also considers the borrower's payment history and any previous bankruptcies or foreclosures. How to Check and Improve Your Credit Score To get your credit score, check your banking or credit card dashboard if you have one.

FHA loan 105

FHA loan Mortgages Debt-to-income ratio Loans 105

Marco Santarelli

MARCH 17, 2023

It began in 2007 and reached its peak in September 2008 when Lehman Brothers, one of the largest investment banks globally, filed for bankruptcy. Banks and other financial institutions gave out loans to people who did not have the creditworthiness to repay them.

Banks 52

Banks Lending Investor Bankruptcy 52

Marco Santarelli

APRIL 11, 2024

Banks and other financial institutions began to offer home loans to individuals with poor credit histories , known as subprime mortgages. These mortgages were then repackaged into mortgage-backed securities (MBS) and collateralized debt obligations (CDOs) , which were sold to investors around the world. Government Response The U.S.

Lending 52

Lending Bankruptcy Loans Mortgages 52