Housing Wire

FEBRUARY 5, 2021

Kind Lending , national wholesale mortgage lender and second brainchild to mortgage veteran Stearns, announced that the lender originated $1 billion in the first six months of production – a feat that took Stearns first company, Stearns Lending , 15 years to accomplish. We are thrilled to introduce Kind Lending to the world.

Lending 370

Lending Bankruptcy Title Mortgages 370

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.

Lending 435

Lending Bankruptcy Equity Loans 435

Housing Wire

JANUARY 5, 2023

Silvergate’s provisional fourth quarter earnings report revealed that it exited its mortgage warehouse lending product in the fourth quarter of 2022 due to “the current macro environment, the rising interest rate environment and related reduction in mortgage volumes.”. billion in crypto-related deposits. million in severance payments and $1.3

Lending 418

Lending Mortgages Bankruptcy Banks 418

Housing Wire

NOVEMBER 9, 2021

Post-2010, lending standards in America became normal again, and while I still believe they’re very liberal, they’re sane. As you can see below, when you lend to the capacity to own the debt, you should never see a rise in foreclosures or bankruptcies unless a job loss recession happens on a massive scale.

Bankruptcy 529

Bankruptcy Mortgages Lending Loans 529

Housing Wire

DECEMBER 14, 2021

“Automated underwriting for agency [ Fannie Mae and Freddie Mac ] products is definitely much easier because there’s a defined set of scenarios that you have to meet,” says Keith Lind, executive chairman and president of Acra Lending (a non-QM lender formerly known as Citadel Servicing ).

Lending 397

Lending Loans Bankruptcy Technology 397

Housing Wire

JANUARY 11, 2024

TCB’s contract with RMF and the bankruptcy court order also expressly stated that TCB’s right to a lien was subject to GNMA’s extinguishment rights.” 31, 2022, special requirements for HECM reverse mortgage loan pools, TCB’s tail agreement and documents from RMF’s bankruptcy case unfolding in the U.S.

Lending 459

Lending Bankruptcy Mortgages Principal 459

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. Both these laws paved the way for more responsible lending and a more responsible consumer. Today, we are at 1.25

Bankruptcy 523

Bankruptcy Lending Equity Mortgages 523

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 368

Bankruptcy Banks Mortgages Loans 368

Housing Wire

DECEMBER 27, 2023

There were also a few cases of bankruptcy. HousingWire tracked 62 mergers, acquisitions, exits and bankruptcies covered by the newsroom in 2023. bankruptcies. ” Planet Home Lending: Focusing on MSRs Some M&A transactions are not motivated purely by the origination platform. exits and 3.2%

Mortgages 448

Mortgages Bankruptcy Lending Loan Officer 448

Housing Wire

JULY 16, 2021

Glenn Sanford’s eXp World Holdings announced Thursday a mortgage joint venture with Glenn Stearns’s Kind Lending , called Success Lending. The company will be headquartered in Santa Ana, California, Stearns said, home of Kind Lending. The second big mortgage joint venture announcement this week is a meeting of the Glenns.

Mortgages 435

Mortgages Lending Bankruptcy Brokerage 435

Housing Wire

OCTOBER 12, 2023

Bankrupt retail lender AmeriFirst Financial is seeking approval for a private sale of loans from a Delaware bankruptcy judge to pay off two warehouse lenders and fund restructuring costs. AmeriFirst’s request for approval to sell its loans comes less than two months after it filed for Chapter 11 bankruptcy protection in late August.

Loans 435

Loans Bankruptcy Sales Commercial 435

Housing Wire

JANUARY 22, 2024

2023 , MV Realty filed for Chapter 11 bankruptcy in the 33 states it operates in. Under MV Realty’s Homeowner Benefit Agreement , the homeowner signs over the right to list their home for the next 40 years to MV Realty in exchange for a cash payment ranging from $300 to $5,000.

Bankruptcy 481

Bankruptcy Brokerage Lending Agents 481

Housing Wire

AUGUST 22, 2022

where she was COO before the company declared Chapter 7 bankruptcy and folded. She was previously the COO at Glenn Stearns’ Kind Lending and Planet Home Lending. Lindblom joins the non-QM-focused lender following a stint at First Guaranty Mortgage Corp.

Bankruptcy 370

Bankruptcy Lending Loans Banks 370

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.

Bankruptcy 467

Bankruptcy Banks Development Loans 467

Housing Wire

JUNE 14, 2024

New filings The filing, posted to the court docket on Friday morning, shows the immediate bankruptcy concern of leaders at RMF and the lack of willingness from other reverse mortgage industry participants to assume control of the full loan portfolio.

Bankruptcy 448

Bankruptcy Banks Loans Lending 448

Housing Wire

OCTOBER 14, 2020

Why it’s critical to automate processes associated with forbearance, loss mitigation, default management, and bankruptcy/foreclosure optimization. Panelist: John Heck, Senior Advisor of Lending Solutions, Capacity Jim Albertelli, CEO, Albertelli Law. The power of automating your help desk, processes,and decision-making.

Technology 370

Technology Bankruptcy Lending Mortgages 370

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

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. Presented by: Acra Lending. How will non-QM perform for the rest of 2022?

Mortgages 370

Mortgages Bankruptcy Lending Investor 370

Housing Wire

FEBRUARY 17, 2023

The partnership was made public by Figure on Thursday and comes a day after an announcement from Celsius — which filed for bankruptcy in July 2022 — that it will be acquired by NovaWulf. Cagney’s attempt to bring blockchain technology to mortgage lending at scale dates back to August 2021. Figure Acquisition Corp.,

Bankruptcy 361

Bankruptcy Equity Technology Lending 361

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. The Flagstar text message leaked to the media in mid-July confirmed, going forward, funding advances for non-QM mortgages will require advance approval by the lender’s warehouse lending arm.

Lending 397

Lending Banks Bankruptcy Loans 397

Housing Wire

JUNE 12, 2024

This, combined with the 2005 Bankruptcy Reform law and the most prolonged economic and job expansion in our nation’s history before COVID-19, has created a favorable financial environment for American homeowners. This is the risk of late-cycle lending in the U.S., especially with anyone with a low or zero down payment loan.

Equity 505

Equity Bankruptcy Mortgages Lending 505

Housing Wire

FEBRUARY 23, 2024

Shortly after RMF declared bankruptcy in November 2022, the lender failed to make required payments to its borrowers, resulting in Ginnie Mae reaching out to TCB, the filing reads. Ginnie Mae accordingly implored TCB to lend money to RMF. But TCB was hesitant to lend money to a bankrupt company.

Banks 440

Banks Bankruptcy Lending Finance 440

Housing Wire

SEPTEMBER 8, 2022

Well, it isn’t 2008, but this type of loan does have risk — and it’s the risk that is traditional among all late economic cycle lending in America when the loan requires low or no downpayment. Are we really doing those types of loans and promoting homeownership again without understanding the risks?

Loans 544

Loans Banks Equity Bankruptcy 544

Housing Wire

DECEMBER 29, 2022

In 2008, the rise of foreclosures and bankruptcy were waving red flags before the job-loss recession even happened. Today, it’s the complete opposite story: the 2005 bankruptcy reform laws and the 2010 Qualified Mortgage laws laid the foundation for the best housing credit profiles recorded in U.S.

Marketing 546

Marketing Bankruptcy Sales FHA loan 546

Housing Wire

DECEMBER 10, 2021

“If you look in the last 15 to 20 years, the self-employed portion of the country has been increasing every year,” said Keith Lind, executive chairman and president of Acra Lending (formerly known as Citadel Servicing ). The pandemic has only accelerated that, with more people self-employed or wanting to be entrepreneurs.

Loans 497

Loans Lending Bankruptcy Mortgages 497

Housing Wire

MAY 13, 2024

Reducing competition and credit availability while increasing borrowing costs is antithetical to regulators’ goals of a diverse and robust market for mortgage lending and servicing,” Broeksmit said in a prepared statement.

Bankruptcy 476

Bankruptcy Finance Mortgages Banks 476

Housing Wire

JUNE 21, 2022

It plays an essential role in the economics of homeownership, ensuring that credit reaches those who need it and providing safeguards to those who lend it. Title insurance is imperative for lenders to ensure the borrower has ownership rights to a property, but it doesn’t just protect against problems affecting title.

Title 518

Title Title search Land Due diligence 518

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.

Bankruptcy 120

Bankruptcy Debt-to-income ratio VA loan FHA loan 120

Housing Wire

SEPTEMBER 21, 2022

With inflation and rising rates, non-QM lending has spent the last few months in choppy waters, with some lenders closing their doors. However, the outlook for non-QM for the rest of 2022 is relatively optimistic, according to Acra Lending CEO Keith Lind. Presented by: Acra Lending. How will non-QM perform for the rest of 2022?

Lending 418

Lending Loans Bankruptcy Mortgages 418

Housing Wire

MARCH 31, 2022

The speculative debt boom we saw from 2002-to 2005 can’t be repeated with the current lending standards in place. Fixed low debt cost with rising wages creates better cash flow Post-2010, the lending standards have been great — we made American mortgage debt great again! This is a good thing, it protects us well in downturns.

Bankruptcy 532

Bankruptcy Lending Mortgages Title 532

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

AUGUST 30, 2022

Nor can we ever have a credit sales boom again with lending standards back to normal. The next job loss recession, when it happens, will have more foreclosures, short sales, and bankruptcies. However, we haven’t had a credit sales boom like the one we saw from 2002-2005. million listings.

Bankruptcy 397

Bankruptcy Days on market Sales Short sale 397

Housing Wire

JULY 11, 2024

In return for lending money to RMF, TCB said it received a first priority lien “on certain HECM collateral.” at the time of its 2022 bankruptcy. This was after Ginnie Mae allegedly turned to TCB in an effort to avoid “a catastrophic disruption of the HECM program.”

Banks 429

Banks Bankruptcy Mortgages Lending 429

Housing Wire

AUGUST 9, 2022

Keith Lind, CEO of non-QM lender Acra Lending , said rates for non-QM loans through his company were “in the high 7% [range]” for July” up from 4.5% filed for Chapter 11 bankruptcy protection at the end of June — leaving four warehouse lenders on the hook for more than $415 million. for the February offering and 5.5%

Marketing 418

Marketing Bankruptcy Loans Principal 418

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

JANUARY 19, 2023

The lawsuits quickly came pouring in, but Strauss never did seek bankruptcy protection for Sprout or its affiliates. The company was sued by former employees , vendors and business partners, such as Banc of California , New Wave Lending Group , Merchants Bank of Indiana , FirstFunding and Loan America.

Mortgages 418

Mortgages Bankruptcy Loans Investor 418

Housing Wire

NOVEMBER 21, 2022

FGMC) , controlled by global investment management firm PIMCO, filed for Chapter 11 bankruptcy protection in June. 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.

Commercial 370

Commercial Residential Bankruptcy Investor 370