Housing Wire

NOVEMBER 27, 2023

Investors featured leading Israeli institutional investors, such as Migdal Insurance , Psagot Investment House , More Investment House , and Shavit Capital. 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.

Bankruptcy 482

Bankruptcy Inspection Investor Staging 482

Housing Wire

MARCH 6, 2024

Sagent’s solutions include Loanserv, a servicing system of record powering collections, accounting, escrows, investor management and customer care; Tempo, a default management system of record powering loss mitigation, foreclosure and bankruptcy; and Account Connect, a customer care and retention system.

Bankruptcy 447

Bankruptcy Loan Officer Mortgages Finance 447

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.

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Bankruptcy Banks Development Loans 468

Housing Wire

NOVEMBER 2, 2023

“I broker business-purpose loans completely in a manner which is fully compliant with all laws and regulations and anything said to the contrary is incorrect,” Strauss told Inside Mortgage Finance (IMF) in early September. Smart Rate is registered in Florida to Michael’s wife, Beth Strauss, according to the Florida Limited Liability Company.

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Loan Officer Bankruptcy Loans Residential 468

Housing Wire

MARCH 3, 2022

There are many reasons why securitization works so well and why the ability to originate and finance a loan is as reliable as turning on your tap and knowing it will produce water. One of the critical mechanisms of securitization is the separation of the underlying assets from the bankruptcy risk of the mortgage bond issuer.

Bankruptcy 396

Bankruptcy Investor Fixed-rate mortgage Loans 396

Housing Wire

MAY 30, 2024

The news was first reported by Inside Mortgage Finance. When a HECM loan reaches 98% of its MCA, current rules stipulate that the issuer or investor must buy the loan out of its HMBS pool as a stability-ensuring measure for the broader HMBS program. on Wednesday.

Bankruptcy 474

Bankruptcy Loans Equity Development 474

Housing Wire

MAY 13, 2021

As you probably know by now, the Federal Housing and Finance Agency has limited GSEs to a 7% cap on loan purchases for second home and investment properties. Real estate investors see a significant opportunity in the single-family rental space. Due to tight inventory and increased competition, investors need to close on loans quickly.

Loans 370

Loans Bankruptcy Investor Short sale 370

Housing Wire

DECEMBER 13, 2024

Instead, it would be similar to Ginnie Mae HMBS (backed by FHA -insured reverse mortgage loans), where the investor is paid an accrued sum at the time the loan resolves. The trade group acknowledged that investor demand for such a product is likely to be small, but this doesnt mean it couldnt make a difference.

Bankruptcy 370

Bankruptcy Loans Investor Banks 370

Housing Wire

JULY 8, 2022

A deal for financing fell through and Strauss made the decision to pull the plug on Wednesday, sources said. FGMC) and its affiliate Maverick II Holdings filed for Chapter 11 bankruptcy protection in late June after suddenly cutting hundreds of jobs. Sprout is the second major non-QM lender to shut down operations recently.

Mortgages 459

Mortgages Bankruptcy Loans Finance 459

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. Capabilities include loss mitigation, bankruptcy, foreclosure, invoicing and claims. Secondary Marketing.

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Lending Bankruptcy Equity Loans 435

Housing Wire

MARCH 23, 2022

Minneapolis-based CarVal Investors , a global alternative investment manager and long-time player in the mortgage market, has launched a real estate mortgage investment conduit, or REMIC, that plans to work with loan originators around the country to develop and acquire innovative nonagency mortgage products.

Bankruptcy 397

Bankruptcy Banks Loans Residential 397

Housing Wire

DECEMBER 21, 2021

Low mortgage rates, stable collateral performance and comparatively favorable spreads for much of the year showed a strong level of investor demand in RMBS paper, making 2021 the record post-global-financial-crisis issuance year,” the KBRA forecast states. The major driver of private-label issuance this year has been the jumbo-loan market.

Marketing 435

Marketing Loans Investor Bankruptcy 435

Housing Wire

DECEMBER 10, 2021

In the world of mortgage-financing, there exists a product line defined by what it is not — non-qualified mortgage (non-QM), non-prime, non-agency or an alternative-documentation loan. Non-QM mortgages also go to a slice of borrowers facing credit challenges — such as a recent bankruptcy or slightly out-of-bounds credit scores.

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Loans Lending Bankruptcy Mortgages 497

Housing Wire

SEPTEMBER 8, 2022

So when you add move-up buyers, move-down buyers, first-time homebuyers, cash buyers and investors together, this can get out of hand. I always like to add that active listings were higher in the 1980s — and we have a lot more people now. Remember, the system is designed to keep home prices inflated.

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Loans Banks Equity Bankruptcy 544

Housing Wire

SEPTEMBER 21, 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 Mortgage Inc. family, announced in August that it recorded a net loss of $52.1

Lending 418

Lending Loans Bankruptcy Mortgages 418

Housing Wire

SEPTEMBER 9, 2022

The nonagency share of the market has been rising slowly since then, reaching 4.32% in 2021, according to recent analysis by the Urban Institute ’s Housing Finance Policy Center. This [rate of runoff] will necessitate private investors to absorb about $250 billion in additional supply per year over the next decade.

Marketing 435

Marketing Fixed-rate mortgage Bankruptcy Mortgages 435

Housing Wire

FEBRUARY 22, 2024

Processes and risks In December 2022, Ginnie Mae seized RMF’s HMBS portfolio due to the company’s bankruptcy, and the resulting stresses contributed to the decision to investigate, Oliver Davis explained at the time. GNMA guarantees investors will receive payments on more than $2 trillion of mortgage-backed securities,” she said. “We

Bankruptcy 448

Bankruptcy Loans Mortgages Equity 448

Housing Wire

JULY 27, 2022

If those spreads and yields are attractive to investors, however, it usually means the margins for RMBS issuers like Angel Oak are squeezed. In addition, in a rising rate environment, MBS investors expect a premium on securities backed by lower-rate mortgages, compared to offerings involving more recent higher-rate mortgages.

Marketing 397

Marketing Loans Investor Mortgages 397

Housing Wire

DECEMBER 14, 2021

It’s a wide and growing segment of the mortgage-finance market that is expected to expand rapidly as rising home prices, changing job dynamics and upward-sloping interest rates push more borrowers outside the agency envelope. Automation just increases efficiencies,” Hutchens added. And it is growing fast, he added. “We’re

Lending 397

Lending Loans Bankruptcy Technology 397

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

FEBRUARY 23, 2024

To the extent that you can get loans off your balance sheet faster, it lowers your financing costs. In 2023 alone, the mortgage industry saw a total of 62 merger and acquisition transactions, lender exits and bankruptcies. The company doesn’t break out purchase business versus refinances in its earnings reports.

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Equity Bankruptcy Loans Mortgages 448

Housing Wire

JANUARY 4, 2022

Rising interest rates, coupled with increased agency loan limits and the Federal Housing Finance Agency ’s decision to suspend a temporary agency cap on the purchase of investment-property mortgages are expected to be a drag on the growth of the private-label market in the year ahead.

Marketing 397

Marketing Debt-to-income ratio Loans Mortgages 397

Housing Wire

MARCH 28, 2022

UWM recently rolled out bank statement loans targeting the self-employed as well as investor loans. Likewise, Homepoint is unveiling bank-statement loans as well as non-QM cash-flow loans for real estate investors. Several other big nonbanks have investor loan products as well.).

Loans 370

Loans Lending Investor Mortgages 370

Housing Wire

APRIL 22, 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. David Pelka, head of RMBS business and a principal at non-QM lender CarVal Investors.

Loans 418

Loans Lending Mortgages Investor 418

HomeLight

FEBRUARY 21, 2024

Here are some common scenarios where a fast home sale could be the solution you’re looking for: Life changes: If unexpected circumstances such as job loss or divorce arise, selling your house quickly can free up your finances and provide a fresh start. No extra fees, agent commissions, or prep work required!

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Bankruptcy Finance Investor Inspection 108

HomeLight

MARCH 16, 2023

The Greater Houston area is expected to continue being a hot investor marketplace this year as its 7.2 Learn more: 7 of the Top We Buy Houses for Cash Companies in Houston However, first-time or fair-weather investors facing high interest rates and inflation have created some challenges in the Texas market.

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Sales Purchase and sale agreement Earnest money deposit Investor 93

The Close

JANUARY 20, 2023

One of the biggest mistakes real estate investors make is using a strategy that doesn’t fit with the market conditions or area. Success in real estate investing is less often dependent upon the skills or talent of the investor and more often the timing of the market. The saying “a rising tide floats all boats” comes to mind.

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Investor Finance Property Management Bankruptcy 98

Realtor.com

MARCH 24, 2021

Many of these loans are held in bank portfolios, where the bank has considerable discretion to offer the type of relief it sees fit, while others are owned by smaller investors or packaged into private-label securities, where the deal documents can govern what types of relief servicers can offer to borrowers. A judge in U.S.

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As-is Mortgages Bankruptcy Purchase and sale agreement 85

HomeLight

FEBRUARY 23, 2024

Here are a few reasons why you might find yourself in a need-to-sell situation: Tight finances: Selling fast can alleviate the stress of financial burdens such as medical bills, bankruptcy, or looming foreclosure. Going through divorce: A quick sale of your marital home can simplify the divorce process and help both parties to move on.

Bankruptcy 111

Bankruptcy Sales Inspection Equity 111

Propmodo

APRIL 30, 2024

The market’s distress is unwelcome news for most, but it’s leading to opportunities for some investors to go on the offensive. Peebles Corporation is one of those investors. There’s a surge of interest in the market from investors like Willowbrook Partners, who are looking to take advantage of rescue capital transactions.

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Commercial Bankruptcy Equity Investor 67

HomeLight

AUGUST 31, 2020

Your city or county can create a tax lien certificate that can be sold to outside investors. If you fail to pay off the lien, and the additional penalties and interest, that private investor can then foreclose on your home as a repayment of the debt. But the IRS got their $17,500 in the end from the bankruptcy trustee.”.

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Bankruptcy Equity Title Closing 105

The Close

JUNE 22, 2023

But for value-seeking investors like myself, the scariest time to invest is actually in a good economy, when housing prices are rising at a blistering pace. An economic downturn provides many opportunities that are nearly impossible for the average investor to take advantage of in a good economy. It’s a fair question!

Investor 116

Investor Debt-to-income ratio New Construction Construction 116

HomeLight

JULY 31, 2021

The main method is to request a cash offer from an investor or cash-buying company that will likely purchase your home “as is.” Your buyer could be an investor who plans to turn your home into a rental, an iBuyer (instant buyer) that provides quick offers online, or a house flipper who plans to remodel and resell the property for a profit.

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Earnest money deposit Inspection Inspection contingency Title 98

HomeLight

MAY 23, 2022

“As is” sales often attract investors searching for their next flip or buyers seeking a bargain, perhaps on a home in a great location with lots of potential. “I You’re looking for an agent who doesn’t shy away from listings that need a little TLC and maybe has a strong network of investor connections.

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As-is Purchase and sale agreement VA loan Inspection 112

The Close

JANUARY 13, 2025

Visit Zillow RealtyTrac This real estate listing platform for investors offers foreclosures, preforeclosures, bank-owned properties, and auctions. It also allows you to search bankruptcies, tax liens, as-is deals, and short sales nationwide. In addition, their success depends on finding an investor like you to purchase the home.

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House Flipping Investor Renovation Short sale 98

Notorious ROB

JULY 11, 2022

One of my favorite economic and finance analysts is a green chicken. They’re funny, super insightful, and filled with insider knowledge about commodities, energy, manufacturing, and finance. This is what needed to have happened to global finance back in 2008, and we will hopefully see what creative destruction looks like.

Investor 80

Investor Banks Finance Title 80

Marco Santarelli

NOVEMBER 14, 2023

WeWork, the prominent global flexible space provider, has taken a significant step by filing for Chapter 11 bankruptcy protection on November 6, 2023. Poor Corporate Governance and Leadership Adam Neumann's charismatic leadership was marred by questionable practices and governance issues, undermining investor confidence.

Bankruptcy 52

Bankruptcy Investor Industrial Finance 52