Housing Wire

NOVEMBER 27, 2023

Veev said at the time that the funding would be used to scale its operations, accelerate its research and development, and expand construction into new markets. Reali , another proptech company founded by Heller and Avrahami, shut down in 2022 after raising more than $290 million in debt and equity funding.

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Bankruptcy Inspection Investor Staging 482

Housing Wire

DECEMBER 27, 2022

Marty Green thinks of the housing market in 2022 as two very different movies. But the housing market in the second half of 2022? By September, a full-fledged housing market recession had set in. The 2002 housing market has been a tale of two halves,” said Green. A mortgage rate lockdown freezes the housing market.

Marketing 529

Marketing Equity Loans Bankruptcy 529

Housing Wire

MARCH 26, 2024

Then, the housing market takes off like a rocket with home values exceeding all expectations. As the person relaxes on the couch watching television at night, they occasionally check the current value of their home and do a rough calculation of the amount of equity that they have accrued. It comforts them for a brief moment.

Equity 459

Equity Loans Bankruptcy As-is 459

Housing Wire

JANUARY 22, 2021

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. billion market cap. The post CoStar and private equity group battle for CoreLogic appeared first on HousingWire.

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Equity Bankruptcy Investor Commercial 397

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. It is crazy to think we are seeing these four things happen in the housing market considering that even in March of this year we were seeing bidding wars accelerate before mortgage rates rose.

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Marketing Bankruptcy Sales FHA loan 546

Housing Wire

DECEMBER 29, 2021

A bullish housing market. The housing market didn’t crash at all, in fact, more Americans bought homes with mortgages in 2021 than in 2020. We do have some very positive stories about the housing market in 2021, but not all is perfect, of course. What a year 2021 has been. However, not only did the U.S. The excellent.

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Marketing Equity Construction Bankruptcy 534

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.

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Bankruptcy Lending Equity Mortgages 523

Housing Wire

SEPTEMBER 22, 2023

The Federal Reserve ‘s effort to temper inflation has cooled the housing market that remains subdued with mortgage rates north of 7%. However, a silver lining in the subdued housing market is the strength in new-home sales. They were withdrawing volatility from the market, and they were lowering rates to benefit consumers.

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FHA loan Bankruptcy Marketing Loans 476

Housing Wire

JUNE 12, 2024

The nested equity level of U.S. Not being underwater is a plus — having enough equity to sell and cover the transaction cost is even more significant if you’re financially stressed and need to sell. Also, many homeowners count on their equity growth to help them with a down payment for their next home. We only have 1.8%

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Equity Bankruptcy Mortgages Lending 505

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.

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Investor Bankruptcy Finance Equity 448

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 474

Bankruptcy Loans Equity Development 474

Housing Wire

SEPTEMBER 29, 2022

MAXEX , a major mortgage trading and aggregating platform, has unveiled a series of new programs designed to serve originators and loan buyers in the growing non-QM lending market. That has left “originators scrambling for liquidity in this growing market segment,” MAXEX’s announcement of the new non-QM initiative states.

Marketing 397

Marketing Pre-approval Bankruptcy Loans 397

Housing Wire

SEPTEMBER 8, 2022

The housing market is very subsidized for demand to grow and whenever the economy gets weaker, rates fall and that impacts the housing market in a disproportionate way. 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.

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Loans Banks Equity Bankruptcy 544

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.

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Bankruptcy Equity Loans Mortgages 500

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.

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Lending Bankruptcy Equity Loans 435

Housing Wire

FEBRUARY 8, 2022

Newport Beach, California-based Excelerate Capital , a long-time non-QM lender with a growing market presence, finalized its acquisition of Castle Mortgage Corp. With the Castle acquisition and tech integration now completed, our intent is to lend nation nationwide in the non-QM market.

Marketing 370

Marketing Lending Loans Bankruptcy 370

Housing Wire

OCTOBER 13, 2022

The financial chaos that sparked the savings and loan crisis of the 1980s, leading to a government bailout, now haunts the independent mortgage banking market this Halloween season — and beyond. The firm specializes in asset-backed credit, whole loans and private equity. There likely will be 40 to 50 deals done this year.

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Mortgages Marketing Banks Loans 370

Housing Wire

DECEMBER 27, 2023

The California-based retail lender has set a target of becoming a top-10 lender in the markets in which it has a presence, which would give it about 2% in overall market share. United Wholesale Mortgage , the top lender in the country by volume, claimed just under 8% total market share over the first nine months of 2023.

Mortgages 448

Mortgages Bankruptcy Lending Loan Officer 448

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.

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Mortgages Bankruptcy Loans Equity 459

Housing Wire

JANUARY 4, 2022

Pontiac, Michigan-based United Wholesale Mortgage (UWM) capitalized on a booming private-label market in 2021 by sponsoring its inaugural securities transaction this past May, a prime jumbo deal involving 508 mortgages with an aggregate principal balance of $351.9 to 72% across the three deals in a market with fast-rising home prices.

Marketing 396

Marketing Debt-to-income ratio Loans Mortgages 396

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. And market leader Rocket Companies is expected to announce later this month that it originated over $300 billion worth of mortgages in 2020.

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Lending Bankruptcy Title Mortgages 370

Housing Wire

FEBRUARY 23, 2024

per share at market open on Friday, up from $10.98 per share at market close the day before. New client and market share acquisitions In a rare move, Rocket shared specific numbers of its market share growth. Deep pockets to pull from For a company with a market cap of $23.3 Rocket’s stock price rose to $11.75

Equity 448

Equity Bankruptcy Loans Mortgages 448

Housing Wire

MAY 26, 2022

The housing market shifted in March of this year. Yes, crazy to think, but this is a survey trend data line, and the housing market was in free-fall at that time. housing market. You can understand why I upgraded the housing market from unhealthy to savagely unhealthy. It’s an excellent time to discuss housing inventory.

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Construction Bankruptcy Sales House Flipping 526

Housing Wire

FEBRUARY 18, 2022

housing market. Redfin plans to completely revamp its mortgage services in 2022 following the expected acquisition of Bay Equity Home Loans in the second quarter. Also, marketing expenses soared 153% to $84 million in 2021, predominantly due to RentPath. What does that all add up to?

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Bankruptcy Brokerage Title Equity 418

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.

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Loans Bankruptcy Equity Investor 369

Housing Wire

JUNE 21, 2024

Most notably marketed by MV Realty under the moniker of its Homeowner Benefit Program , homeowners who sign a right-to-list agreement receive anywhere from $300 to $5,000. In September 2023 , MV Realty filed for Chapter 11 bankruptcy in 33 states. The firm had more than 500 real estate agents.

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Title Bankruptcy Land Equity 395

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. Butmost of Hild’s arguments were not persuasive, according to Parker.

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Banks Bankruptcy Commercial Equity 447

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

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

Housing Wire

APRIL 10, 2023

Unlike title commitment turn time — what some in the market are referring to as “instant title” — a title check’s insights can take days or even weeks off the transaction timeline. The key takeaway here is that the title check happens before title is ordered — specifically at loan application, within moments of prequalifying a borrower.

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Title Loans Equity Title search 397

Housing Wire

DECEMBER 8, 2021

2 million , we could be at risk of housing inventory falling to such low levels that I would have to categorize this housing market as unhealthy. A few months ago, I wrote that falling inventory was one of the biggest risks to the housing market. Forbearance hasn’t supplied the market with a vast amount of inventory.

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Bankruptcy Loans Sales Short sale 525

Housing Wire

DECEMBER 13, 2024

The Mortgage Bankers Association (MBA) this week published a proposal for Ginnie Mae to develop a new mortgage securitization product that could boost the availability of private capital liquidity sources into the market, particularly in periods of stress for the U.S. could serve as a logistical template for such a product.

Bankruptcy 370

Bankruptcy Loans Investor Banks 370

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.

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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.

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Bankruptcy Equity Mortgages As-is 92

Housing Wire

SEPTEMBER 18, 2023

Executives from Dark Matter Technologies, under the Constellation Software umbrella, said that a down market is the best time to make investments in technology and prepare for the next cycle. So it’s really the same story, just different markets,” Gagliano said. Kim: It’s a tough mortgage origination market right now.

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Technology Mortgages Bankruptcy Industrial 501

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 445

Banks Loans Bankruptcy Mortgages 445

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. Lind said many lenders are now trying to digest a plethora of lower-rate loans, essentially “orphaned by the market.” The market’s interest rate woes contributed to non-QM lender FGMC’s downfall.

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Lending Banks Bankruptcy Loans 397