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Reverse mortgage alums secure financing for alternative equity-tapping product

Housing Wire

The funding will go to support the company’s specialty home equity-tapping product known as the Cornerstone Home Equity Insurance/Investment Funding Solutions (CHEIFS). The product operates similarly to a shared equity investment. CHEIFS is currently available in four states: Arizona , California , Florida and Pennsylvania.

Equity 369
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Bankruptcy judge approves Celink stipulation in RMF bankruptcy case

Housing Wire

The presiding judge in the ongoing bankruptcy case of Reverse Mortgage Funding (RMF) has approved a stipulation that would resolve an administrative claim made against the company’s estate by reverse mortgage servicing company Celink , authorizing both companies to consummate the agreement. Celink continues to defend itself in both cases.

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A closer look at investor attitudes and trends in reverse mortgage stocks

Housing Wire

In the case of FOA — the current industry leader — the earnings results were robust. 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.

Investor 370
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FGMC owes Customers Bank $25M, bankruptcy filing shows

Housing Wire

FGMC) and its holding company, Maverick II Holdings LLC, filed for Chapter 11 bankruptcy protection Thursday, June 30, leaving one of the country’s major warehouse lenders as its largest unsecured creditor, according to court filings. The lender then filed for Chapter 11 bankruptcy on Thursday, June 30. First Guaranty Mortgage Corp.

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Transforming the mortgage and real estate process: Insights from Tech100 leaders

Housing Wire

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
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Analyst’s opinion on FOA stock makes waves, but company is confident in its course

Housing Wire

UBS analyst Douglas Harter recently made waves after he took a closer look at the stock of reverse mortgage industry leader Finance of America (FOA). 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.

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CoStar and private equity group battle for CoreLogic

Housing Wire

Citing anonymous sources, Bloomberg reported that CoStar Group and a private equity group led by Warburg Pincus are currently competing for the data provider, though it is unclear if either have made an offer yet. The post CoStar and private equity group battle for CoreLogic appeared first on HousingWire. Presented by: Black Knight.

Equity 397