Housing Wire

AUGUST 9, 2022

That’s based on a comparison of the principal balance of the loans on the books and their fair market value as reported by the REIT as of that date. The principal balance of WMC’s residential whole loan portfolio at June 30 stood at $1.24 It’s volatile out there. Coping with a liquidity squeeze.

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Marketing Bankruptcy Loans Principal 418

Housing Wire

MARCH 23, 2022

We expect it to be a challenging [mortgage] market from a volume perspective due to interest rates and credit spreads,” said David Pelka, head of RMBS business and a principal at CarVal. 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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Housing Wire

DECEMBER 13, 2024

This would aim to address liquidity challenges that plagued the reverse mortgage business stemming from the late 2022 bankruptcy of a major lender , the run-up in interest rates and a precipitous drop in loan volume. then, youre welcome, forward mortgage industry, Kelly said. as potential paths for its new proposal.

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Housing Wire

NOVEMBER 9, 2022

The steady drumbeat of dour news in the mortgage industry punctuated by headlines announcing layoffs and closures among the ranks of independent mortgage banks continues to play out, with several lenders over the last two weeks adding to the torrent of pink slips. Some 80% of the volume in our industry is done by about 40% of the LOs.

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Loan Officer Loans Mortgages Industrial 435

Housing Wire

AUGUST 11, 2022

Because they are deemed riskier loans than conforming agency-eligible mortgages, rates for non-QM loans generally average around 150 basis points higher than conforming rates in a normal market, according to industry experts. AOMR is a publicly traded REIT that is part of Angel Oak Cos., a long-term player in the non-QM mortgage market.

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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

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Marketing Debt-to-income ratio Loans Mortgages 396

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. Some of these regional warehouse lenders may ultimately do a full turbo feature where they collect all interest and principal, and the originator gets nothing. Lind of Acra Lending.

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Lending Banks Bankruptcy Loans 397

Housing Wire

APRIL 22, 2022

It’s a crisis that one industry executive describes as “a situation where we have to get the pig through the belly of the python.”. David Pelka, head of RMBS business and a principal at non-QM lender CarVal Investors. The rate escalation started at the beginning of this year and is continuing to play out.

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Loans Lending Mortgages Investor 418

App Folio

DECEMBER 18, 2020

To better understand where the real estate industry is headed, we reached out to top thought leaders from residential property management, community associations management, and investment management to learn more about their experiences in 2020 and what they are doing to prepare for the year ahead. . What will 2021 bring? Listen now: ? ?.

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Industrial Property Management Investor Technology 105

The Close

JANUARY 20, 2023

Wholesale real estate investing is a good choice if you’re looking for short-term opportunities to break into the investing industry by leveraging your existing skills as an agent. This means that you may need to create a plan for marketing to homeowners in foreclosure or divorce and bankruptcy attorneys.

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Broke Agent Media

JUNE 2, 2023

Dr. Anju Vajja Principal Associate Director in FHFA’s Division of Research and Statistics HousingWire’s Logan Mohtashami explained why this is happening in a recent article while debunking some popular myths about inventory. For industry news, edutainment, and humor, sign up for the best newsletter on the planet for real estate agents.

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Bankruptcy Principal Finance Mortgages 52

CT Homes

FEBRUARY 3, 2022

A short sale, commonly also known as a pre-foreclosure sale, is a transaction within the real estate industry refers to a sale that occurs when a financially struggling homeowners sells their property for less than the original amount due on the mortgage. This is essentially the lender agreeing to accept less than the principal amount owed.

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Short sale Sales Pre-approval Principal 52

Housing Wire

NOVEMBER 1, 2021

Nanci Weissgold, the financial services & products group co-chair at Alston & Bird , LLP, said that the mortgage servicing industry is attempting to hammer out a deal with the states so it can have one uniform cooperative agreement to distribute the funds. . “It If you’re a struggling borrower, you need the money now,” she said.

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Homeowner’s association Bankruptcy Principal Mortgages 418

Notorious ROB

DECEMBER 19, 2022

Relevant to this thinking is the fact that the term “MLS” is nowhere defined, other than in private industry groups’ own rules and policies. Zillow went into even more detail, but fundamentally, I thought this was Zillow declaring war against the entire mortgage industry. NAR defines what an MLS is. CMLS defines it. Okay, fine.

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Housing Wire

FEBRUARY 19, 2025

One of Ginnie Maes core functions in the reverse mortgage industry is providing liquidity through its Home Equity Conversion Mortgage ( HECM )-backed Securities ( HMBS ) program. on the reverse mortgage industry could be immediate. ” HMBS 2.0 ” HMBS 2.0 The potential impacts of HMBS 2.0

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Bankruptcy Principal Finance Mortgages 284