Housing Wire

JULY 28, 2023

It follows a request from the shuttered lender to halt the agreement due to an involuntary bankruptcy petition filed by three creditors. New Wave Lending Group , JMJ Financial Group and EF Mortgage filed on July 5 an involuntary petition against Sprout under Chapter 7 of the Bankruptcy Code in a New York court, claiming the lender owes $1.3

Bankruptcy 368

Bankruptcy Banks Mortgages Loans 368

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.

Banks 397

Banks Bankruptcy Loans Investor 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.

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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 Banks 435

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 322

Loans Bankruptcy Investor Short sale 322

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.

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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

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

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

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

DECEMBER 27, 2022

Unfortunately, we as investors are mere mortals and don’t have infinite time on this earth. Preforeclosure and bank-owned properties, or REO. This is because the market is still experiencing a feeding frenzy from buyers and investors looking to cash in on the appreciation from the previous cycle. Housing values. Rental rates.

Investor 97

Investor Staging Marketing Banks 97

The Close

JULY 23, 2022

It turns out that a bank had foreclosed on the property several years ago and somehow forgot that they owned it—until the investor tracked down and presented them with the foreclosure sale information. Once he convinced the bank they actually owned the property, he made the bank an offer to buy it. Market Cycle Investors.

Bankruptcy 111

Bankruptcy Purchase and sale agreement MLS Investor 111

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

The Close

JUNE 22, 2023

But for value-seeking investors like myself, the scariest time to invest is actually in a good economy, when housing prices are rising at a blistering pace. An economic downturn provides many opportunities that are nearly impossible for the average investor to take advantage of in a good economy. It’s a fair question!

Investor 116

Investor Debt-to-income ratio New Construction Construction 116

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

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

The Close

JANUARY 13, 2025

Visit Zillow RealtyTrac This real estate listing platform for investors offers foreclosures, preforeclosures, bank-owned properties, and auctions. It also allows you to search bankruptcies, tax liens, as-is deals, and short sales nationwide. In addition, their success depends on finding an investor like you to purchase the home.

House Flipping 72

House Flipping Investor Renovation Short sale 72

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

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 88

Due diligence Investor Title Inspection 88

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 Industrial 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.

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Marketing Short sale Bankruptcy Banks 76

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.

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Earnest money deposit Inspection Inspection contingency Title 98

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.

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Marketing Bankruptcy Finance Banks 86