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

DECEMBER 27, 2022

They are not selling and have a lot of equity in their homes. Homeowners in 2022 also tapped into their home equity, which peaked at $11.5 trillion in the second quarter of 2022, capitalizing on home equity loans and home equity line of credit (HELOC).

Marketing 529

Marketing Equity Loans Bankruptcy 529

Housing Wire

APRIL 10, 2024

The company also provides commentary for its fourth quarter 2023 financial performance, assesses its market advantages and offers an assessment of impacts stemming from changes in Ginnie Mae ’s Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program.

Investor 448

Investor Bankruptcy Finance Equity 448

Housing Wire

JULY 30, 2024

Another 365 complaints were related to home equity lines of credit (HELOCs), while only 74 complaints were attributed to reverse mortgages. More than 3,000 of the complaints in Q2 were attributed to conventional mortgages, while Federal Housing Administration (FHA) mortgages yielded 847 complaints and U.S.

Mortgages 458

Mortgages Bankruptcy Short sale Equity 458

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 467

Bankruptcy Banks Development Loans 467

Housing Wire

FEBRUARY 8, 2024

Bankruptcies and foreclosures After 2010, the qualified mortgage laws came into play and all the exotic loan debt structures in the system, especially in the run-up in demand from 2002 to 2005, disappeared. Renters, younger renter households and those with lower FICO scores are the ones showing credit stress today.

Bankruptcy 500

Bankruptcy Equity Loans Mortgages 500

Housing Wire

JANUARY 11, 2024

In the initial October complaint, TCB alleged that the government-owned company “extinguished, in return for no consideration, TCB’s first priority lien on tens of millions of dollars in collateral” stemming from the Federal Housing Administration (FHA)-sponsored Home Equity Conversion Mortgage (HECM) program.

Lending 459

Lending Bankruptcy Mortgages Principal 459

Housing Wire

MAY 30, 2024

Ginnie Mae is aiming to roll out plans for its new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) product by the end of the year, according to acting president Sam Valverde, who spoke at the National Reverse Mortgage Lenders Association (NRMLA) Eastern Regional Meeting in Washington, D.C., on Wednesday.

Bankruptcy 472

Bankruptcy Loans Equity Development 472

Housing Wire

JUNE 14, 2024

New filings The filing, posted to the court docket on Friday morning, shows the immediate bankruptcy concern of leaders at RMF and the lack of willingness from other reverse mortgage industry participants to assume control of the full loan portfolio. Ginnie Mae ultimately seized the RMF servicing portfolio on or about Dec.

Bankruptcy 448

Bankruptcy Banks Loans Lending 448

Housing Wire

DECEMBER 29, 2022

In 2008, the rise of foreclosures and bankruptcy were waving red flags before the job-loss recession even happened. Today, it’s the complete opposite story: the 2005 bankruptcy reform laws and the 2010 Qualified Mortgage laws laid the foundation for the best housing credit profiles recorded in U.S.

Marketing 546

Marketing Bankruptcy Sales FHA loan 546

Housing Wire

FEBRUARY 17, 2023

The partnership was made public by Figure on Thursday and comes a day after an announcement from Celsius — which filed for bankruptcy in July 2022 — that it will be acquired by NovaWulf. NewCo is expected to be a public reporting company that is initially 100% owned by Celsius creditors with its common equity provided in a tokenized form.

Bankruptcy 363

Bankruptcy Equity Technology Lending 363

Housing Wire

NOVEMBER 6, 2020

” The letter outlines the categories of affected customers: “In early March, Wells Fargo began providing forbearances to customers in active bankruptcy proceedings if we identified a court filing indicating that the customer may have been suffering a COVID-19-related hardship.”

Bankruptcy 356

Bankruptcy Banks Equity Loans 356

Housing Wire

SEPTEMBER 8, 2022

For the traditional homeowner who bought a home many years ago and has seen their nested equity position explode higher, this isn’t much of an issue. If they lost their job, they have a lot of equity in their home, and most likely their financials have gotten better over time.

Loans 544

Loans Banks Equity Bankruptcy 544

Housing Wire

NOVEMBER 2, 2020

As a premier provider of innovative, high-performance software, data and analytics for mortgage and home equity lending and servicing, Black Knight is transforming the housing finance industry. The comprehensive MSP servicing system supports all areas of loan servicing for both first mortgages and home equity products.

Lending 435

Lending Bankruptcy Equity Loans 435

Housing Wire

SEPTEMBER 22, 2023

For existing homeowners, that’s good news because it means equity accumulation. These loans are going to refinance, and the consumer will be in good shape, building equity to become a move-up buyer. Kim: Bankruptcies and layoffs are still happening. Duncan: I was looking at the bankruptcy data. to 6% over the cycle.

FHA loan 476

FHA loan Bankruptcy Marketing Loans 476

Housing Wire

JANUARY 16, 2024

Released on Tuesday morning, the move is a further attempt to address the well-documented liquidity challenges that have been plaguing the reverse mortgage business for most of the past year, stemming from the late 2022 bankruptcy of Reverse Mortgage Funding (RMF), the run-up in interest rates and a precipitous drop in loan volume.

Mortgages 459

Mortgages Bankruptcy Loans Equity 459

Housing Wire

NOVEMBER 14, 2024

Executive leaders there pointed to the performance of the company’s proprietary loan products and trends in the Home Equity Conversion Mortgage ( HECM ) space as favorable. People have looked at the demographics, the under-savings of seniors and the significant amount of home equity seniors hold as a potentially large opportunity,” he said.

Investor 370

Investor Mortgages Bankruptcy Equity 370

Housing Wire

NOVEMBER 26, 2024

Flueid has solved both problems with our Flueid Decision platform, which combines robust data sets with underwriter-approved title risk logic to securely identify title risks and assess a property’s title condition for refinance, home equity, purchase, and default transactions. We call this process VOT or Verification of Title.

Title 370

Title Mortgages Title search Bankruptcy 370

Housing Wire

FEBRUARY 23, 2024

In 2023 alone, the mortgage industry saw a total of 62 merger and acquisition transactions, lender exits and bankruptcies. To court more clients, Rocket launched products targeted at accumulated home equity levels and potential homebuyers who face affordability challenges. The BUY+ program provided borrowers a credit equal to 1.5%

Equity 448

Equity Bankruptcy Loans Banks 448

Housing Wire

FEBRUARY 5, 2021

At the time, the bankruptcy was being conducted by Blackstone , the private equity giant that acquired a majority stake in Stearns parent company, Stearns Holdings , back in 2015. The process eventually saw Blackstone obtaining full ownership of Stearns Holdings, and therefore Stearns Lending.

Lending 370

Lending Bankruptcy Title Mortgages 370

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

Housing Wire

DECEMBER 29, 2021

On top of all that, the nested equity position of American homeowners has never looked better. has not been as hot as in other countries, but the nested equity position is so much better now than the peak of the housing bubble years. This means all homeowners are legit and those who are cashing out on their homes are all good as well.

Marketing 534

Marketing Equity Construction Bankruptcy 534

Housing Wire

JANUARY 31, 2022

MSP is a single, comprehensive platform used by servicers of all sizes to support a wide range of loan products, including first mortgages and home equity loans and lines of credit on a single system. MSP is used to service approximately 36 million loans,” Black Knight President Joe Nackashi said.

Loans 368

Loans Bankruptcy Equity Investor 368

Housing Wire

FEBRUARY 18, 2022

Redfin plans to completely revamp its mortgage services in 2022 following the expected acquisition of Bay Equity Home Loans in the second quarter. He repeatedly mentioned that the company had fallen into bankruptcy and was “not on track” to even make a profit before subtracting operating expenses.

Bankruptcy 418

Bankruptcy Brokerage Title Equity 418

Housing Wire

JUNE 21, 2024

“Hopefully, the swift action taken by lawmakers, along with state attorneys general, will be a strong deterrent to those looking to perpetuate similar schemes that strip hard-earned equity from people’s homes.” In September 2023 , MV Realty filed for Chapter 11 bankruptcy in 33 states. The firm had more than 500 real estate agents.

Title 393

Title Bankruptcy Land Equity 393

Housing Wire

MARCH 1, 2024

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. million.

Banks 446

Banks Bankruptcy Commercial Equity 446

Housing Wire

NOVEMBER 21, 2024

People have looked at the demographics, the under-savings of seniors and the significant amount of home equity seniors hold as a potentially large opportunity,” he said in the interview. That potential has existed for a long time, but it hasn’t truly translated into volume.

Bankruptcy 367

Bankruptcy Finance Equity Mortgages 367

Housing Wire

FEBRUARY 22, 2024

Department of Housing and Urban Development (HUD) Office of the Inspector General (OIG) announced the launch of an inquiry into Ginnie Mae ’s monitoring of now-bankrupt lender Reverse Mortgage Funding (RMF), and its extinguishment from the Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program.

Bankruptcy 448

Bankruptcy Loans Mortgages Equity 448

Realty Biz

MARCH 21, 2024

If you’re struggling financially and unable to pay your bills, you may have considered filing for bankruptcy. Filing for bankruptcy gives you a fresh start, but it stays on your credit report for up to 10 years — resulting in consequences for years to come. However, there are risks to using home equity for debt repayment.

Bankruptcy 101

Bankruptcy Equity Loans Principal 101

Realty Biz

APRIL 5, 2022

One of the frequently asked questions during today’s booming housing market is can I qualify for a mortgage during Chapter 13 Bankruptcy. Chapter 13 Bankruptcy is a court-approved debt repayment plan where their debts are restructured over a period of three to five years. Mortgage Options During Chapter 13 Bankruptcy.

Bankruptcy 120

Bankruptcy Debt-to-income ratio VA loan FHA loan 120

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.

Bankruptcy 92

Bankruptcy Equity Mortgages As-is 92

Housing Wire

JANUARY 4, 2024

When assessing December’s Home Equity Conversion Mortgage (HECM) volume data for December 2023, Reverse Market Insight (RMI) used a choice word as the title for its commentary : “thud.” This is a different situation.”

Mortgages 476

Mortgages Bankruptcy Principal Industrial 476

Housing Wire

MAY 26, 2022

People were filing for foreclosures and bankruptcy for years, and then, after all that, the job loss recession happened in 2008. On top of all that above, they have nested equity, and more than 40% of the homes in America have no mortgage debt at all. You don’t want to overcomplicate this topic. Hey, a person can hope, right!

Construction 526

Construction Bankruptcy Sales House Flipping 526

Housing Wire

APRIL 10, 2023

And all of this helps create a more integrated (and more importantly, streamlined) lender-title workflow that empowers the collective to achieve the all-elusive 5-day close for home equity or 10-day close for refinance. Now, it’s not uncommon to find these and other potential issues during the title search and curative process.

Title 397

Title Loans Equity Title search 397

Housing Wire

DECEMBER 13, 2024

Importantly, the association said that the recent development of Ginnie Maes new, complementary Home Equity Conversion Mortgage ( HECM )-backed Securities ( HMBS ) product known as HMBS 2.0 could serve as a logistical template for such a product. MBA detailed some of its reasoning for looking to the existing HMBS program and HMBS 2.0

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. That has left “originators scrambling for liquidity in this growing market segment,” MAXEX’s announcement of the new non-QM initiative states. Morgan Chase.

Marketing 397

Marketing Pre-approval Bankruptcy Loans 397

Housing Wire

NOVEMBER 13, 2023

700 billion in taxpayer funds were authorized to help stabilize the economy in free fall in the wake of the Lehman bankruptcy and a mortgage market meltdown. Moreover, banks actually had financial incentives not to use loss mitigation tools, since they could accelerate or increase losses on second lien home equity loans they held.

Banks 443

Banks Loans Bankruptcy Mortgages 443