Housing Wire

NOVEMBER 26, 2024

Here’s what these the leaders of these organizations had to share: “ Traditionally, the insurable title process has been time-consuming and manually intensive, often delaying closings and increasing costs. For instance, the system can flag potential issues and suggest solutions, leading to faster, more accurate closings.

Title 369

Title Mortgages Title search Bankruptcy 369

Housing Wire

NOVEMBER 27, 2023

Veev , a promising modular homebuilding company that’s raised $600 million, could close after a plan for a capital raise failed, according to reporting out of Israel. There are talks about a “leading company” potentially acquiring California -based Veev, but the negotiations remain in the very early stages, according to Calcalist.

Bankruptcy 482

Bankruptcy Inspection Investor Staging 482

Housing Wire

NOVEMBER 14, 2024

To get a better idea of what investors might be most closely interested in with these results, along with the outlook for these companies and the industry, HousingWire ’s Reverse Mortgage Daily (RMD) sat down with UBS equity research analyst Douglas Harter. They also mentioned the proprietary product suite at their company as a bright spot.

Investor 369

Investor Mortgages Bankruptcy Equity 369

Housing Wire

OCTOBER 12, 2023

Bankrupt retail lender AmeriFirst Financial is seeking approval for a private sale of loans from a Delaware bankruptcy judge to pay off two warehouse lenders and fund restructuring costs. With the approval from the court, the transaction is expected to close within 10 days of the court approving the sale. million to Centier Bank.

Loans 435

Loans Bankruptcy Sales Commercial 435

Housing Wire

OCTOBER 31, 2022

One of the unsung heroes of the most prolonged economic and job expansion ever recorded in history was the passing of the 2005 Bankruptcy Reform Act and the 2010 qualified mortgage rule under Dodd-Frank. As we can see below, the bankruptcy levels were extremely high before the bankruptcy law was passed in 2005.

Bankruptcy 523

Bankruptcy Lending Equity Mortgages 523

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 367

Bankruptcy Banks Mortgages Loans 367

Housing Wire

JANUARY 24, 2024

Bankruptcy Court for the District of Delaware seeking 60 days of wages and benefits, alleging termination without cause and notice as required by law. The class action lawsuit was filed in the U.S. Live Well initially announced its intent to challenge the suit a month after its filing. In a 92-minute court hearing held on Jan.

Bankruptcy 443

Bankruptcy Loans Closing Mortgages 443

Housing Wire

NOVEMBER 15, 2022

Originators who actively work within the non-QM space are closing additional loans every month. Loans up to $3 million 12 or 24 months personal or business bank statements allowed 1099 earning statements accepted Two years seasoning required for bankruptcy, foreclosure, short sale or deed-in-lieu. A look at non-QM borrower profiles.

Bankruptcy 397

Bankruptcy Short sale Investor Title 397

Housing Wire

FEBRUARY 19, 2021

Seattle-based Redfin has agreed to pay $608 million in cash to acquire RentPath , though the deal still requires sign-off by the Federal Trade Commission and a bankruptcy court. Despite RentPath’s baggage, namely a $650 million bankruptcy restructuring , Redfin sees big traffic and lead-generation potential with the pending acquisition.

Bankruptcy 499

Bankruptcy Brokerage Property Management Agents 499

Housing Wire

AUGUST 15, 2024

8 was a nearly 400-page appendix of agreement terms, program information and correspondence between Ginnie Mae, TCB and leaders at Reverse Mortgage Funding (RMF), the former lender at the center of the dispute that filed for bankruptcy in late 2022. The first filing made on Aug.

Bankruptcy 466

Bankruptcy Banks Development Loans 466

Housing Wire

JANUARY 16, 2025

A repeat rise of inflation for this group, which represents more than 90 million households means deeper credit card use, crippling debt, mortgage defaults, student loan nonpayment, automobile repos, bankruptcies, and a decision between groceries or rent. The risk of option A is to sacrifice Coventry to win the war.

Bankruptcy 370

Bankruptcy Land Mortgages Principal 370

Housing Wire

JUNE 21, 2022

There has been a great deal of innovation around purchasing homes, making credit available, and closing real estate transactions. Low claims ratios are a testament to the work our agents do to eliminate items prior to closing. The best resource for consumers is ALTA’s comprehensive home closing website, homeclosing101.org.

Title 518

Title Title search Land Due diligence 518

Housing Wire

AUGUST 5, 2020

Fed Chairman Jerome Powell said at a news conference last week that the central bank was close to wrapping up a review of its policy-making strategy that began in 2019. The Federal Reserve is considering abandoning its longtime strategy of using its benchmark rate to pre-emptively prevent inflation from rising above its 2% target.

Mortgages 516

Mortgages Bankruptcy Investor Banks 516

Brownstoner

OCTOBER 26, 2020

Brooklyn’s namesake roasting company is another casualty of the coronavirus pandemic after filing for Chapter 11 bankruptcy protection on October 21.

Bankruptcy 116

Bankruptcy Closing As-is 116

Housing Wire

SEPTEMBER 1, 2022

The last paycheck was paid on Wednesday, but commissions on closing loans will happen through the end of September. “We Suburban may be the latest reported case of a company closing doors since mortgage rates surged and origination volumes dropped. . We had employees that had been with us for 33 years.

Mortgages 397

Mortgages Bankruptcy Loan Officer Loans 397

Housing Wire

JANUARY 26, 2024

Of those complaints, 167 had to do with “trouble during the payment process,” while other topics included payment issues (80), closing issues (63) and application problems (49). The overwhelming majority of the 2023 complaints saw complainants receive a timely response from the company (355) and were closed with an explanation (353).

Mortgages 466

Mortgages Bankruptcy Industrial Closing 466

Housing Wire

JANUARY 18, 2021

The sky was falling,” Perkins said, describing the environment of fear as companies were acquired, layoffs were rampant and bankruptcies were common. During her second acquisition in 2008, the story was much different. There was a lot more fear involved than excitement,” she said.

Title 447

Title Bankruptcy Sales As-is 447

Housing Wire

DECEMBER 29, 2022

As we close out 2022, it’s time to reflect on a historic year for the housing market, which was even crazier than the COVID-19 year of 2020. In 2008, the rise of foreclosures and bankruptcy were waving red flags before the job-loss recession even happened. Not even close. So is housing in a recession? Yes, it is.

Marketing 546

Marketing Bankruptcy Sales FHA loan 546

Housing Wire

DECEMBER 27, 2023

There were also a few cases of bankruptcy. HousingWire tracked 62 mergers, acquisitions, exits and bankruptcies covered by the newsroom in 2023. bankruptcies. Those who couldn’t find a dance partner shut down production channels or left the mortgage market behind entirely. exits and 3.2%

Mortgages 448

Mortgages Bankruptcy Lending Loan Officer 448

Brownstoner

OCTOBER 26, 2020

Brooklyn’s namesake roasting company filed for Chapter 11 bankruptcy on October 21, but its founder said the company is only adjusting its operations and has no plans to go anywhere. “In

Bankruptcy 106

Bankruptcy Closing As-is 106

Housing Wire

AUGUST 3, 2022

Earlier this year, around March or April, they cut that back saying we couldn’t get paid out on anything unless we closed over 11 loans a month. Last year when it was busier we were able to close 20 to 30 no problem but with the economy as it is, it was a struggle to hit 10.” .

Bankruptcy 448

Bankruptcy Loan Officer Mortgages Loans 448

Housing Wire

MAY 20, 2024

If I were the state regulators, I would look at this closely and see where we need to up our game … That’s a tall order to do at a state level,” Cave said.

Bankruptcy 446

Bankruptcy Finance Mortgages Banks 446

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. People’s first reaction was to wonder if this was 2008 all over again. Remember, the system is designed to keep home prices inflated.

Loans 544

Loans Banks Equity Bankruptcy 544

Housing Wire

NOVEMBER 28, 2023

This includes payment history, credit usage, credit account age, total number of accounts, hard inquiries and derogatory marks, such as late payments, collections, bankruptcies, civil judgments, foreclosures and liens. HW: How much of an impact can credit optimization have on the mortgage process?

Bankruptcy 434

Bankruptcy Loans Mortgages As-is 434

Housing Wire

JANUARY 22, 2021

If CoStar were to close the deal, it would be the largest acquisition the Washington, D.C.-based After its filing of bankruptcy in February, Rentpath , which owns Rent.com, ApartmentGuide.com, Rentals.com and Lovely.com, agreed to sell to CoStar for a reported $558 million. As of Thursday, CoreLogic’s stock closed at $76.79

Equity 397

Equity Bankruptcy Investor Commercial 397

Brownstoner

JULY 28, 2021

Latte-loving Brooklynites looking for local caffeine will soon have more options, as the Brooklyn Roasting Company is back from bankruptcy and better than ever, said the head black bean brewer. “We We are thrilled to have survived,” said Jim Munson, chief executive officer of Brooklyn Roasting Company. “At

Bankruptcy 98

Bankruptcy Closing As-is 98

Housing Wire

JANUARY 4, 2024

Amid an already challenging operating environment observed throughout 2023, both HECM endorsement volume and HECM-backed Securities (HMBS) issuance closed out the year on a low note, with both metrics falling lower from the month before, according to data from RMI and New View Advisors. This is a different situation.”

Mortgages 476

Mortgages Bankruptcy Principal Industrial 476

Housing Wire

MARCH 5, 2021

In February, CoStar made an offer to acquire CoreLogic for close to $97 a share, roughly 20% higher than the accepted offer Stone Point Capital and Insight Partners made earlier that month, which was about $80 a share, all in cash. The post CoStar drops bid for CoreLogic citing market volatility appeared first on HousingWire.

Marketing 417

Marketing Bankruptcy Residential Investor 417

Housing Wire

JULY 8, 2022

Plaintiffs Nathaniel Agudelo and Helen Owens – both closing disclosure specialists who worked for Sprout from the fourth quarter of 2020 through July 6, 2022 – filed the lawsuit on their behalf and others in the same situation in the Eastern District of New York U.S. Sprout is the second major non-QM lender to shut down operations recently.

Mortgages 459

Mortgages Bankruptcy Loans Finance 459

Housing Wire

FEBRUARY 23, 2024

Shortly after RMF declared bankruptcy in November 2022, the lender failed to make required payments to its borrowers, resulting in Ginnie Mae reaching out to TCB, the filing reads. But Ginnie Mae has never sought to contract with TCB itself regarding TCB’s transactions with RMF.”

Banks 438

Banks Bankruptcy Lending Finance 438

Housing Wire

AUGUST 30, 2022

The next job loss recession, when it happens, will have more foreclosures, short sales, and bankruptcies. The 2005 bankruptcy reform laws and the 2010 Qualified Mortgage laws, once passed, created an expansion that has produced the highest quality homeowners in our lifetime. However, not to the degree we saw from 2005-2008.

Bankruptcy 397

Bankruptcy Days on market Sales Short sale 397

Brownstoner

SEPTEMBER 11, 2020

In the News After 43 Years, the Wine Sentinel of the River Cafe Stands Down [NYT] De Blasio Vows Indoor Dining Shutdown if Infection Rate Hits 2 Percent [NYP] Heights Could Be Model for Tree Support in Brooklyn [Eagle] Lawsuit Aims to Shut Down School for at-Risk Teens in Midwood [BP] Cyclist Killed by Driver… Read More > The post Daily Links: (..)

Bankruptcy 106

Bankruptcy Closing 106

Housing Wire

SEPTEMBER 29, 2022

The pool of non-QM borrowers includes real estate investors, property flippers, foreign nationals, business owners, gig workers and the self-employed, as well as a smaller group of homebuyers facing credit challenges, such as past bankruptcies. Angel Oak Solutions originated $101.6 million, according to mortgage tech platform Modex.

Mortgages 370

Mortgages Bankruptcy Lending Investor 370

Housing Wire

NOVEMBER 2, 2020

These services include artificial intelligence, point of sale, loan officer capabilities, fee service, collaboration network, digital closings, PPE, compliance monitoring and actionable analytics. Capabilities include loss mitigation, bankruptcy, foreclosure, invoicing and claims. Secondary Marketing.

Lending 435

Lending Bankruptcy Equity Loans 435

Housing Wire

FEBRUARY 23, 2024

per share at market close the day before. In 2023 alone, the mortgage industry saw a total of 62 merger and acquisition transactions, lender exits and bankruptcies. Rocket’s stock price rose to $11.75 per share at market open on Friday, up from $10.98

Equity 448

Equity Bankruptcy Loans Mortgages 448

Housing Wire

DECEMBER 27, 2022

Other smaller lenders, including real estate tech startup Reali and Sprout Mortgage , shuttered, while First Guaranty Mortgage Corp filed for Chapter 11 bankruptcy. Banosian, whose loan origination volume will be close to $1 billion in 2022, said he turned housing market headwinds into an opportunity to target new geographic markets.

Marketing 529

Marketing Equity Loans Bankruptcy 529

Realty Biz

MARCH 19, 2024

But in today’s unpredictable economy, it’s easy even for homeowners to find themselves on the brink of bankruptcy. According to the most recent numbers, bankruptcies rose 10% last year. Being on the brink of bankruptcy isn’t the same thing as actually being bankrupt — not even close. But don’t lose hope.

Bankruptcy 102

Bankruptcy Mortgages As-is Closing 102