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Portrait of a pre-foreclosure peacemaker

Housing Wire

Now Sandoval, who was featured earlier this year in a Wall Street Journal article , is the one knocking on the doors of homeowners facing foreclosure or other distressed circumstances. She wants to offer those homeowners the resources and care that her mom and stepdad didn’t experience. “I There is nothing like that face to face.

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MV Realty files for bankruptcy

Housing Wire

Right-to-list agreement firm MV Realty has filed for Chapter 11 bankruptcy in 33 states. MV Realty currently faces lawsuits in multiple states for allegedly misleading consumers and homeowners. If the homeowner breaks the agreement or decides to terminate it early, they must pay the firm 6% of the appraised value of the home.

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Nonbank Hometown Lenders files for bankruptcy

Housing Wire

Hometown Lenders has filed for Chapter 11 bankruptcy protection in Alabama, blaming the Federal Reserve’s policy to curb inflation for its debacle. Meanwhile, investors declined to purchase loans from lenders because they expected rates to decline and homeowners to refinance out of their higher-rate mortgages.

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Reverse mortgage alums secure financing for alternative equity-tapping product

Housing Wire

It allows homeowners to sell a portion of their home equity for cash to specifically fund “insurance, annuities, long-term care, and other financial and life planning options,” the company said. The product operates similarly to a shared equity investment. 31 of that year.

Equity 365
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Porch Group’s insurance carrier Homeowners of America placed under regulatory supervision

Housing Wire

Porch Group announced that its insurance subsidiary Homeowners of America (HOA) has been placed under temporary supervision by Texas regulators. The announcement comes in the wake of bankruptcy of allegations of fraudulent activity against reinsurer Vesttoo Ltd , which filed for Chapter 11 bankruptcy protection in August.

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Sagent’s mortgage platform, Dara, moves closer to full deployment

Housing Wire

Dara Consumer focuses on the homeowners navigation of their mortgage. Dara Default offers decisioning, automated workflows, collections, loss mitigation, claims, foreclosure and bankruptcy and an attorney network. Dara Movement and Dara Data are not yet on the market but in a “road map” stage, Sagent confirmed.

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Opinion: How did homeowners get into home equity prison?

Housing Wire

The home equity prison Does this scenario sound familiar compared to the situations of the homeowners that you are encountering lately in your real estate business? If any of this resonates with your personal experience in the current market, you have officially entered the realm of interacting with homeowners in the post-pandemic economy.

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