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No, homeowner delinquency rates aren’t elevated

Housing Wire

These loans pertain to multifamily mortgages, which are used for commercial properties with five or more units, such as apartment buildings. Also, the foreclosure and bankruptcy data isnt even back to pre-COVID-19 levels. However, the data references Freddie Mac ‘s Serious Delinquency levels on multifamily loans.

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Bankrupt AmeriFirst Financial wants court to green light private sale of loans  

Housing Wire

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. If approved, AmeriFirst’s retail and commercial loans worth more than $5 million will be sold to a non-QM lender Oaktree Funding Corp.,

Loans 434
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FAR parent updates investors on AAG integration, business performance

Housing Wire

The company also said it “continues to evaluate new products to reach additional segments of the population facing a retirement gap,” and describes recent reverse mortgage industry consolidation following influential industry changes in 2017 and the 2022 bankruptcy of Reverse Mortgage Funding (RMF). “As

Investor 446
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WeWork, once thought to be the future of work, files for bankruptcy

Inman

The company filed for Chapter 11 bankruptcy in New Jersey as part of a "comprehensive reorganization" of the office space leasing giant.

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Why this small lender is running straight into the non-QM fire

Housing Wire

FGMC) , controlled by global investment management firm PIMCO, filed for Chapter 11 bankruptcy protection in June. The company sells loans via brokers for clients – usually LLCs, C-corps or S-corps – to acquire residential real estate for commercial and investment purposes. First Guaranty Mortgage Corp. The question is: why? .

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CoStar and private equity group battle for CoreLogic

Housing Wire

That would be impressive, considering CoStar has already spent billions acquiring other firms in recent years, including a $250 million buyout of Homesnap in November and a $190 million deal for Ten-X Commercial in March.

Equity 393
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Magistrate judge recommends $46M in restitution from former Live Well CEO

Housing Wire

The funds will ultimately go to companies including Mirae Asset Securities , Industrial and Commercial Bank of China Financial Services (ICBC), Flagstar Bank , Customers Bank and the bankruptcy estate of Live Well itself, according to court filings reviewed by RMD. The final amount will be determined by the trial judge.

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