Housing Wire

JANUARY 11, 2024

Ginnie Mae: loans are our ‘absolute property’ In a filing to the court submitted on Wednesday, Ginnie Mae — using its official acronym “GNMA” in court filings — said that TCB cannot challenge the authority the company maintains over the reverse mortgage securities program. TCB’s interest, Ginnie Mae said, “derived entirely from RMF.”

Lending 459

Lending Bankruptcy Mortgages Principal 459

Housing Wire

AUGUST 9, 2022

A closer look at WMC’s books, however, shows that as of June 30 its residential whole loan portfolio, nearly all of which is comprised of non-QM loans, was underwater by some $44 million. 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.

Marketing 418

Marketing Bankruptcy Loans Principal 418

Housing Wire

DECEMBER 27, 2022

The Big Chill” or “Frozen,” says Green, principal at real estate law firm Polunsky Beitel Green. Temporary rate buydowns have become a popular concession, especially among homebuilders, in which one out of 10 loans feature a seller-paid buydown, said Peter Idziak, senior associate at Polunsky Beitel Green. over asking price.

Marketing 529

Marketing Equity Loans Bankruptcy 529

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 Investor 397

Housing Wire

DECEMBER 13, 2024

Proposal and inspiration Unlike a typical Ginnie Mae security based on pools of insured or guaranteed residential mortgage loans, the Ginnie Mae [early buyout (EBO)] security would not be based on a modified pass-through structure, the MBA said in a white paper that outlined the proposal. as potential paths for its new proposal.

Bankruptcy 370

Bankruptcy Loans Investor Banks 370

Housing Wire

JANUARY 4, 2024

Endorsement volume falls slightly While not a pronounced drop, HECM endorsements fell 3% to end the month with 2,190 loans, but that general drop came with a few notable exceptions according to RMI. million of [unpaid principal balance (UPB)] that may not otherwise have been issued in December.” This is a different situation.”

Mortgages 476

Mortgages Bankruptcy Principal Industrial 476

Housing Wire

AUGUST 11, 2022

a real estate investment trust (REIT) based in Mill Valley California that has residential operations focused on nonagency jumbo loans, recently reported a second-quarter 2022 net loss of $100 million, after recording a net gain of $31 million in the prior quarter. Redwood Trust Inc. , Likewise, Atlanta-based A ngel Oak Mortgage Inc. ,

Mortgages 397

Mortgages Residential Loans Lending 397

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 That’s a strong start for a new issuer. “A

Marketing 397

Marketing Debt-to-income ratio Loans Mortgages 397

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 bank calls out 16 non-QM lenders in the text message, indicating it is ramping up scrutiny of its loan reviews, prior to advancing warehouse funding.

Lending 397

Lending Banks Bankruptcy Loans 397

Realty Biz

MARCH 21, 2024

If you’re struggling financially and unable to pay your bills, you may have considered filing for bankruptcy. Filing for bankruptcy gives you a fresh start, but it stays on your credit report for up to 10 years — resulting in consequences for years to come. Understand the pros and cons before applying for this type of loan.

Bankruptcy 101

Bankruptcy Equity Loans Principal 101

Housing Wire

APRIL 22, 2022

Non-QM lenders are dealing primarily with purchase loans that require far more intensive underwriting than agency loans and, once funded, must be moved off the balance sheet quickly in most cases to maintain liquidity. Non-QM mortgages include loans that cannot command a government, or “agency,” stamp through Fannie Mae or Freddie Mac.

Loans 418

Loans Lending Mortgages Investor 418

Calculated Risk Real Estate

OCTOBER 7, 2024

per $1K covered from 2013-2022 to $5.38/$1K in July 2024 In New Orleans and Miami, property insurance is ~$17/$1K in coverage, more than 3X the U.S average ; higher costs also extend beyond hurricane zones and into the tornado and hail risk of the central states On average, insurance premiums account for 9.4% for the month but up 5.1%

Mortgages 124

Mortgages Principal Bankruptcy Loans 124

C4D Crew

AUGUST 3, 2020

Previously successful people have had to declare bankruptcy, and gotten bankruptcy loans, recently because of COVID-19. Cheese to name a few have had to invoke bankruptcy protection with bankruptcy loans. . Bankruptcy Code. The Struggle Continues with Bankruptcy Loans. Federal law.

Bankruptcy 52

Bankruptcy Loans Principal Property Management 52

Realty Biz

SEPTEMBER 25, 2021

First, as you make monthly payments, you gain equity by the amount that the mortgage principal is reduced each month. Second, you could theoretically take out additional mortgage loans that when combined with the original mortgage add up to more than the market value of the loan. Home Equity Loan.

Equity 90

Equity Loans Bankruptcy Mortgages 90

HomeLight

DECEMBER 1, 2021

We also connected with HomeLight Home Loans Mortgage Sales Leader Richie Helali, who offered an insider’s look at mortgage options that could help you hold on to your home — or let it go without falling into foreclosure. You’re maxed out on second loans and now you owe more than your home’s value. Refinance your existing mortgage loan.

Purchase and sale agreement 111

Purchase and sale agreement Short sale Loans Mortgages 111

HomeLight

JUNE 30, 2022

Lenders will also want to know if you’ve ever declared bankruptcy or owned a house that went into foreclosure. When shopping for lenders, compare first-time home buyer programs , lender requirements, interest rates, and loan terms to make sure you are getting a good deal. Pay attention to the Loan Estimate and Closing Disclosure.

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Purchase and sale agreement Inspection Earnest money deposit Closing costs 96

Housing Wire

AUGUST 4, 2021

The funds can be used for mortgage payment assistance or mortgage principal or interest rate reductions. The funds can also be used by nonprofit or government entities to make down payment assistance loans.

Homeowner’s association 448

Homeowner’s association Bankruptcy Principal Development 448

C4D Crew

JULY 9, 2020

According to Veronica Baxter, an established legal assistant to Philadelphia Bankruptcy Attorney David Offen says,” “Under federal law, a lender or servicer cannot begin the state foreclosure process until your loan is more than 120 days past due. by paying a lump sum at the end of the loan term.

Mortgages 52

Mortgages Loans VA loan Bankruptcy 52

CT Homes

FEBRUARY 3, 2022

Between loan modification or principal reduction, most lenders would much rather you stay in your home than go into foreclosure. This is essentially the lender agreeing to accept less than the principal amount owed. For a homeowner the stain of a short sale is less than a foreclosure or bankruptcy. Reverse Application.

Short sale 52

Short sale Sales Pre-approval Principal 52

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. Source: FHFA U.S. house prices generally increased modestly in the first quarter.

Bankruptcy 52

Bankruptcy Principal Finance Mortgages 52

Housing Wire

NOVEMBER 1, 2021

The funds can be used for mortgage payment assistance or mortgage principal or interest rate reductions. The Treasury said it had discouraged participants from imposing additional eligibility criteria – such as foreclosure status, credit score, bankruptcy status, the existence of liens on the property, or previous cash-out refinances.

Homeowner’s association 418

Homeowner’s association Bankruptcy Principal Mortgages 418

Notorious ROB

DECEMBER 19, 2022

To be fair, there were a number of big announcements, but the one I honed in on was this one: We plan to overhaul our current mortgage funnels away from third-party lead generation and toward Zillow Home Loans , and bolster our loan officers’ tools and capabilities to help the customers who come their way. Emphasis mine].

MLS 79

MLS Agents Pre-approval Brokerage 79

Housing Wire

FEBRUARY 19, 2025

After challenges caused by a major lender and HMBS issuers bankruptcy in 2022, the government-owned company aimed to remedy these issues by developing a complementary program dubbed “HMBS 2.0.” ” HMBS 2.0

Bankruptcy 322

Bankruptcy Principal Finance Mortgages 322