Housing Wire

NOVEMBER 21, 2024

In a recent interview with RMD to assess the landscape of reverse mortgage companies in the stock market, Harter mentioned the unrealized potential of the reverse mortgage industry as a possible tailwind for investor perceptions and — potentially — their activity.

Bankruptcy 367

Bankruptcy Finance Equity Mortgages 367

Housing Wire

APRIL 10, 2024

The company also said it “continues to evaluate new products to reach additional segments of the population facing a retirement gap,” and describes recent reverse mortgage industry consolidation following influential industry changes in 2017 and the 2022 bankruptcy of Reverse Mortgage Funding (RMF). “As

Investor 448

Investor Bankruptcy Finance Equity 448

Housing Wire

NOVEMBER 15, 2022

This significant pool of clients includes self-employed, real estate investors and those with credit events. Loans up to $3 million 12 or 24 months personal or business bank statements allowed 1099 earning statements accepted Two years seasoning required for bankruptcy, foreclosure, short sale or deed-in-lieu. Loans up to $1.5

Bankruptcy 397

Bankruptcy Short sale Investor Title 397

Housing Wire

JULY 28, 2023

It follows a request from the shuttered lender to halt the agreement due to an involuntary bankruptcy petition filed by three creditors. New Wave Lending Group , JMJ Financial Group and EF Mortgage filed on July 5 an involuntary petition against Sprout under Chapter 7 of the Bankruptcy Code in a New York court, claiming the lender owes $1.3

Bankruptcy 369

Bankruptcy Banks Mortgages Loans 369

Housing Wire

SEPTEMBER 22, 2023

For one thing, no fixed-income investor thinks that mortgage-backed securities with 7% mortgage rates will be there when the Fed finishes the inflation fight. So you’re having to encourage investors with wider spreads to accept that. Kim: Bankruptcies and layoffs are still happening. Duncan: I was looking at the bankruptcy data.

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FHA loan Bankruptcy Marketing Loans 476

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.

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Bankruptcy Loan Officer Mortgages Finance 446

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 467

Housing Wire

JANUARY 11, 2024

When [RMF] defaulted on its obligations, GNMA exercised its right to extinguish RMF’s interest in certain mortgages in order to ensure the timely payment to investors in securities backed by those mortgages,” the filing reads. District Court for the District of Delaware.

Lending 459

Lending Bankruptcy Mortgages Principal 459

Housing Wire

MARCH 3, 2022

One of the critical mechanisms of securitization is the separation of the underlying assets from the bankruptcy risk of the mortgage bond issuer. The end investor does not, for example, need to price the risk that the bond issuer itself becomes insolvent. This separation is important for the market. They fulfill cash flows.

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Bankruptcy Investor Fixed-rate mortgage Loans 396

Housing Wire

NOVEMBER 2, 2023

million settlement with Sprout Mortgage for unpaid wages after a request from the shuttered lender to halt the agreement due to an involuntary bankruptcy petition was filed by three creditors. Strauss founded Sprout six years after paying $2.45 Recently, ex-employees moved to protect a $3.5

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Loan Officer Bankruptcy Loans Residential 468

Housing Wire

MARCH 5, 2021

Since the summer, CoreLogic had been battling with investors who jointly own or have an economic interest equivalent to approximately 15% of CoreLogic’s outstanding common stock. The investors dropped the CoreLogic takeover bid on Nov. 2 after CoreLogic confirmed it was exploring multiple offers to sell at or above $80 per share.

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Marketing Bankruptcy Residential Investor 424

Housing Wire

JANUARY 22, 2021

After its filing of bankruptcy in February, Rentpath , which owns Rent.com, ApartmentGuide.com, Rentals.com and Lovely.com, agreed to sell to CoStar for a reported $558 million. The investors dropped their takeover bid on Nov. The investors dropped their takeover bid on Nov.

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Equity Bankruptcy Investor Commercial 397

Housing Wire

MAY 30, 2024

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.

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Bankruptcy Loans Equity Development 473

Housing Wire

JANUARY 19, 2023

The lawsuits quickly came pouring in, but Strauss never did seek bankruptcy protection for Sprout or its affiliates. The Smart Rate website mentions that the mortgage lender offers purchase and refinancings, jumbo, FHA, adjustable, bank statement and investors loans. Yet Strauss, who already has a $2.45

Mortgages 418

Mortgages Bankruptcy Loans Investor 418

Housing Wire

SEPTEMBER 29, 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. As a result, they present a greater risk and typically come with higher interest rates.

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Mortgages Bankruptcy Lending Investor 370

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.

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Bankruptcy Banks Loans Investor 397

Housing Wire

NOVEMBER 2, 2020

Capabilities include loss mitigation, bankruptcy, foreclosure, invoicing and claims. Industry-leading product, pricing and eligibility (PPE) functionality, paired with the broadest set of investor content, enables lenders to create and maintain an extremely competitive product offering, even supporting their own in-house portfolio products.

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Lending Bankruptcy Equity Loans 435

Housing Wire

JANUARY 5, 2023

The bank operates a network that links investors to crypto exchanges after taking companies’ deposits. “In the fourth quarter of 2022, the digital asset industry underwent a transformational shift, with significant over-leverage in the industry leading to several high-profile bankruptcies,” the group said.

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Lending Mortgages Bankruptcy Banks 418

Real Estate News

MARCH 26, 2025

The company, which never turned a profit, owes millions to investors. After failed attempts to attract a buyer, its owners are trying a bankruptcy alternative.

Bankruptcy 232

Bankruptcy MLS Investor 232

Housing Wire

SEPTEMBER 29, 2022

MAXEX is an Atlanta-based fintech company that is backed by leading private-equity and capital-markets investors, including J.P. The higher coupons of the expanded-credit deals make them more attractive to investors versus the limited supply of higher-coupon prime pools. … Morgan Chase.

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Housing Wire

AUGUST 9, 2022

I don’t think investors are jumping to buy bonds backed by coupons [rates on loans] that can’t even cover the coupon on the bonds … and securitization [costs].”. filed for Chapter 11 bankruptcy protection at the end of June — leaving four warehouse lenders on the hook for more than $415 million. It’s volatile out there.

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Marketing Bankruptcy Loans Principal 418

Housing Wire

NOVEMBER 21, 2022

Amid surging rates, declining volumes and a reduced appetite from investors in the secondary market, there are a growing number of casualties in the mortgage space, especially in the riskier non-QM segment. FGMC) , controlled by global investment management firm PIMCO, filed for Chapter 11 bankruptcy protection in June.

Commercial 370

Commercial Residential Bankruptcy Investor 370

Housing Wire

JULY 8, 2022

FGMC) and its affiliate Maverick II Holdings filed for Chapter 11 bankruptcy protection in late June after suddenly cutting hundreds of jobs. Unlike some of its peers, Sprout wasn’t backed by a major asset management firm, and it was particularly vulnerable to a lack of liquidity from investors. First Guaranty Mortgage Corp.

Mortgages 459

Mortgages Bankruptcy Loans Finance 459

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 369

Bankruptcy Loans Investor Banks 369

Housing Wire

MAY 13, 2021

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. The options for originators and their real estate investor clients get smaller trying to find someone to do these loans.

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Loans Bankruptcy Investor Short sale 325

Housing Wire

FEBRUARY 18, 2022

He repeatedly mentioned that the company had fallen into bankruptcy and was “not on track” to even make a profit before subtracting operating expenses. The CEO suggested that RentPath could improve with its listings incorporated onto Redfin’s website but warned investors “We haven’t laid out long-term targets” for the struggling division.

Bankruptcy 418

Bankruptcy Brokerage Title Equity 418

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

APRIL 18, 2024

Repurchases have been a hot topic for lenders, and to some degree, the agencies and investors have gotten a bad rap in these discussions,” said Nick Volpe , executive vice president of ACES Quality Management. “ Non-QM loans are those that cannot be purchased by the GSEs.

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Loans Due diligence Investor Technology 448

Inman

OCTOBER 18, 2024

Executives of investment firm iCap ran the scheme from 2013 to 2022, a federal bankruptcy judge ruled this week. They turned to the scheme when their real estate portfolio failed to yield results.

Bankruptcy 174

Bankruptcy Investor 174

Housing Wire

AUGUST 30, 2022

I am not talking about investors; I am talking about primary resident homeowners. The next job loss recession, when it happens, will have more foreclosures, short sales, and bankruptcies. New listings are declining now. Some sell to rent, of course. However, traditionally speaking, they buy a home.

Bankruptcy 397

Bankruptcy Days on market Sales Short sale 397

Housing Wire

OCTOBER 7, 2024

Remedies for distressed borrowers previously limited to bankruptcy relief have seen significant expansion through the creation of FHFA , Dodd-Frank, and the CFPB. We are seeing tremendous transformation within the loss mitigation space. Hardships have been expanded to include weather disasters and the COVID-19 pandemic.

Bankruptcy 427

Bankruptcy Industrial Investor Technology 427

Housing Wire

NOVEMBER 10, 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.

Loans 321

Loans Bankruptcy Loan Officer Lending 321

Housing Wire

SEPTEMBER 9, 2022

This [rate of runoff] will necessitate private investors to absorb about $250 billion in additional supply per year over the next decade. Mortgage spreads widened toward the end of August [an indicator of an increased perception of risk] as a result of investors beginning to take the Fed seriously.

Marketing 435

Marketing Fixed-rate mortgage Bankruptcy Mortgages 435

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

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

Inman

JUNE 28, 2023

The company intends to sell "substantially all of its assets," including its technology platform to pay creditors that include thousands of retail investors.

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Bankruptcy Investor Technology Industrial 158

Housing Wire

JANUARY 31, 2022

For more than 50 years, the Black Knight MSP loan servicing system has been helping power servicing operations from loan boarding, payment processing and escrow administration to investor reporting, compliance management, default processing and more.

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Loans Bankruptcy Equity Investor 368