Keeping Current Matters

OCTOBER 31, 2023

If you've been following the news recently, you might have seen articles about an increase in foreclosures and bankruptcies.

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Bankruptcy Marketing 352

Housing Wire

JUNE 30, 2022

FGMC) and its holding company, Maverick II Holdings LLC, filed for Chapter 11 bankruptcy protection Thursday, June 30, leaving one of the country’s major warehouse lenders as its largest unsecured creditor, according to court filings. The lender then filed for Chapter 11 bankruptcy on Thursday, June 30. First Guaranty Mortgage Corp.

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Housing Wire

NOVEMBER 12, 2024

This product addresses a critical gap we observed through our participation in the insurance market, and we are excited to back the solution.” “We are proud to support Cornerstone in the expansion of CHEIFS,” Gravely said. In 2013, Corn and his partners launched RMF , which became a leading reverse mortgage lender. 31 of that year.

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Equity Finance Mortgages Bankruptcy 369

Housing Wire

FEBRUARY 4, 2025

Dara Movement and Dara Data are not yet on the market but in a “road map” stage, Sagent confirmed. Dara Default offers decisioning, automated workflows, collections, loss mitigation, claims, foreclosure and bankruptcy and an attorney network. And Dara Core is nearing beta completion.

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Mortgages Bankruptcy Staging As-is 432

Housing Wire

NOVEMBER 27, 2023

Veev said at the time that the funding would be used to scale its operations, accelerate its research and development, and expand construction into new markets. In March 2022 , Veev raised a $400 million Series D led by BOND , while LenX , Zeev Ventures , JLL Spark Global Ventures , and Fifth Wall also participated in the round.

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Bankruptcy Inspection Investor Staging 482

Housing Wire

NOVEMBER 26, 2024

From streamlining title verification to enabling collaborative loan processing and automating key title production tasks, these leaders are helping shape a faster, smarter, and more efficient housing market. Historically, these processes involved multiple manual steps and handoffs, resulting in delays and higher costs.

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Title Mortgages Title search Bankruptcy 370

Housing Wire

DECEMBER 29, 2022

As we close out 2022, it’s time to reflect on a historic year for the housing market, which was even crazier than the COVID-19 year of 2020. It is crazy to think we are seeing these four things happen in the housing market considering that even in March of this year we were seeing bidding wars accelerate before mortgage rates rose.

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Marketing Bankruptcy Sales FHA loan 546

Housing Wire

NOVEMBER 14, 2024

stock market, companies like Finance of America (FOA) and Ellington Financial — the parent of reverse lender Longbridge Financial — have recently released their third-quarter 2024 earnings results. For many investors, given the current state of volumes, it remains a niche market that doesn’t demand much attention.”

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Investor Mortgages Bankruptcy Equity 370

Housing Wire

NOVEMBER 21, 2024

in after-market hours on Thursday. 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.

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Bankruptcy Finance Equity Mortgages 369

Housing Wire

FEBRUARY 11, 2025

Plaintiffs agreed to the settlement in part due to the potential for the power companys bankruptcy, despite the total figure not being enough to cover their losses. But the companys own shaky financial standing precludes the possibility of a larger settlement.

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Bankruptcy Land Industrial Marketing 351

Housing Wire

SEPTEMBER 22, 2023

The Federal Reserve ‘s effort to temper inflation has cooled the housing market that remains subdued with mortgage rates north of 7%. However, a silver lining in the subdued housing market is the strength in new-home sales. They were withdrawing volatility from the market, and they were lowering rates to benefit consumers.

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FHA loan Bankruptcy Marketing Loans 476

Housing Wire

JUNE 22, 2023

The days on market are back to a teenager level in the existing home sales market, which means I can officially say we are back to a savagely unhealthy housing market! Nothing good happens in the housing market when the days on market are at a teenager level or lower. What do I mean by savagely unhealthy?

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Housing Wire

DECEMBER 27, 2022

Marty Green thinks of the housing market in 2022 as two very different movies. But the housing market in the second half of 2022? By September, a full-fledged housing market recession had set in. The 2002 housing market has been a tale of two halves,” said Green. A mortgage rate lockdown freezes the housing market.

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Marketing Equity Loans Bankruptcy 529

Housing Wire

NOVEMBER 9, 2021

This was very critical to not only the housing market but also the health of the U.S. 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. This content is exclusively for HW+ members.

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Bankruptcy Mortgages Lending Loans 529

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. As we can see below, the bankruptcy levels were extremely high before the bankruptcy law was passed in 2005.

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Bankruptcy Lending Equity Mortgages 523

Housing Wire

JANUARY 16, 2025

The NFP has signaled a surprisingly resilient labor market for the past 2 years. Issue hawkish messages to avoid market exuberance. But I understand the bond market, and I need only observe its reaction to see the forest. In other words, the market isnt buying what Jay and team are selling. The Fed has chosen option B.

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Bankruptcy Land Mortgages Principal 370

Housing Wire

MARCH 5, 2021

Because of rising interest rates that will affect the refi mortgage market, CoStar said CoreLogic’s value had declined, and it was done negotiating. With interest rates moving up, now is not the time for us to aggressively buy into the residential mortgage market,” Florance said in a statement.

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Housing Wire

DECEMBER 29, 2021

A bullish housing market. The housing market didn’t crash at all, in fact, more Americans bought homes with mortgages in 2021 than in 2020. We do have some very positive stories about the housing market in 2021, but not all is perfect, of course. What a year 2021 has been. However, not only did the U.S. The excellent.

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Marketing Equity Construction Bankruptcy 534

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

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Bankruptcy Banks Mortgages Loans 369

Housing Wire

SEPTEMBER 9, 2022

The pace of mortgage-backed securities (MBS) issuance in the nonagency market slowed considerably in July and August as rising interest rates and Federal Reserve MBS-purchase policy have combined to dampen the momentum exhibited in the private-label space in 2021 and over the first half of this year. billion over the same period in 2021.

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Marketing Fixed-rate mortgage Bankruptcy Mortgages 435

Housing Wire

DECEMBER 8, 2022

The hundred or so workers on the other Teams meeting were given marching orders: keep the company’s operations functioning during bankruptcy proceedings. The market volatility pushed RMF and its parent, Reverse Mortgage Investment Trust Inc. The market volatility pushed RMF and its parent, Reverse Mortgage Investment Trust Inc.

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Bankruptcy Mortgages As-is Marketing 397

Housing Wire

AUGUST 9, 2022

The latest non-QM player to feel the pain of the interest rate volatility afflicting the nation’s housing market this year is a Pasadena, California-based real estate investment trust called Western Asset Mortgage Capital Corp. And they have to sell them now [in the whole loan market or via securitization when we are seeing] 6%, 6.5%

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Marketing Bankruptcy Loans Principal 418

Housing Wire

JANUARY 18, 2021

The market was growing; it was exciting; companies were fighting to increase market share; hope for the future was high. The sky was falling,” Perkins said, describing the environment of fear as companies were acquired, layoffs were rampant and bankruptcies were common.

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Title Bankruptcy Sales As-is 474

Housing Wire

DECEMBER 21, 2021

As 2021 draws to a close, it’s clear that the private-label residential mortgage-backed securities (RMBS) market has notched a year for the record books. market — defined as all post-financial-crisis prime, non-prime and credit-risk transfer (CRT) transactions — is projected to exceed $115 billion in issuance.

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Marketing Loans Investor Bankruptcy 435

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.

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Marketing Pre-approval Bankruptcy Loans 397

Housing Wire

NOVEMBER 15, 2022

While originations are down due to a volatile mortgage market, the population of underserved borrowers who require non-QM products is on the rise. Prospecting for these borrower types can help protect your business during market shifts. Marketing to real estate investors is lucrative regardless of the market. and growing.

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Bankruptcy Short sale Investor Title 397

Housing Wire

JANUARY 5, 2021

Blackstone took full control of Stearns in fall 2019 after it exited bankruptcy due to significant debt problems. Guaranteed Rate said it expects the deal to strengthen its capital markets execution and produce synergies that will allow for additional profitability.

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Lending Bankruptcy Loans Mortgages 538

Housing Wire

APRIL 10, 2024

The company also provides commentary for its fourth quarter 2023 financial performance, assesses its market advantages and offers an assessment of impacts stemming from changes in Ginnie Mae ’s Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program. million in fourth-quarter 2023.

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Investor Bankruptcy Finance Equity 448

Housing Wire

DECEMBER 27, 2023

The California-based retail lender has set a target of becoming a top-10 lender in the markets in which it has a presence, which would give it about 2% in overall market share. United Wholesale Mortgage , the top lender in the country by volume, claimed just under 8% total market share over the first nine months of 2023.

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Mortgages Bankruptcy Lending Loan Officer 448

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 to 72% across the three deals in a market with fast-rising home prices.

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Marketing Debt-to-income ratio Loans Mortgages 397

Housing Wire

MARCH 6, 2024

“CMG’s financial wellness approach wins over each customer with a seamless combination of experienced human advisors and easy-to-use digital tools,” said Paul Akinmade, CMG’s financial chief marketing and strategy officer. The company has been aiming to grow its market share in originations through mergers and acquisitions.

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Bankruptcy Loan Officer Mortgages Finance 447

Housing Wire

FEBRUARY 8, 2022

Newport Beach, California-based Excelerate Capital , a long-time non-QM lender with a growing market presence, finalized its acquisition of Castle Mortgage Corp. With the Castle acquisition and tech integration now completed, our intent is to lend nation nationwide in the non-QM market.

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Marketing Lending Loans Bankruptcy 370

Housing Wire

MAY 10, 2022

As the housing market enters a purchase-market cycle sparked by rising mortgage rates that have killed off a long-running refinance boom, we can expect to see mortgage-fraud schemes proliferate, industry experts say. The post Risk of mortgage fraud is on the rise in the current market appeared first on HousingWire.

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Mortgages Marketing Loans Finance 418

Housing Wire

JULY 27, 2022

AOMR)— has brought to market a total of five PLS deals backed by mortgage pools valued at $2.1 The question remains, however: Is Angel Oak’s liquidity strategy sufficiently robust to get it through the current economic environment, which is marked by high market volatility and fast-rising interest rates?

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Marketing Loans Investor Mortgages 397

Housing Wire

SEPTEMBER 25, 2023

According to the analysts, job market conditions remain the primary driver of consumer loan performance. Although student loans are non-dischargeable in bankruptcy, their priority in a consumer’s debt repayment hierarchy is low relative to the other major consumer debt classes,” Moody’s analysts said.

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Loans Mortgages Bankruptcy Residential 448

Housing Wire

SEPTEMBER 1, 2023

Jobs week cleared up the skies for the Federal Reserve members, who are smiling — big time — after a series of data lines gave them what they wanted: a softer labor market! While the labor market isn’t breaking , it has become more pliant in the data lines the Fed focuses on. First, let’s take a look at Friday’s jobs report.

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Bankruptcy Loans Construction As-is 493

Housing Wire

JUNE 9, 2022

That negatively affected liquidity options in both the loan-trading and securitization markets as higher-rate loans [above 5%] subsequently hit the market. So, when rates are rising, and the market is compressing, non-QM becomes a more vogue product,” Yoon added. Non-QM is a counter cyclical product.

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Marketing Loans Technology Bankruptcy 397