Housing Wire

JANUARY 11, 2024

District Court for the Northern District of Texas , Ginnie Mae has filed its response to a lawsuit brought against it by Texas Capital Bank (TCB) saying the warehouse lender lacks standing and discounts the authority the government has to extinguish a lender from its reverse mortgage-backed securities program.

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Lending Bankruptcy Mortgages Principal 459

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.

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Investor Bankruptcy Finance Equity 448

Housing Wire

AUGUST 11, 2022

Likewise, Atlanta-based A ngel Oak Mortgage Inc. , a real estate investment trust focused on nonqualified mortgages, or non-QM, recently announced that it was struggling with red ink — recording a net loss of $52.1 a long-term player in the non-QM mortgage market. Redwood Trust Inc. , The Angel Oak Cos.

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Mortgages Residential Loans Lending 397

Housing Wire

DECEMBER 27, 2022

The first half of the year, with mortgage rates in the 3s and 4s, was like “Fast and Furious.” The Big Chill” or “Frozen,” says Green, principal at real estate law firm Polunsky Beitel Green. A mortgage rate lockdown freezes the housing market. The mortgage industry shrinking by more than half to an estimated $1.7

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Marketing Equity Loans Bankruptcy 529

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. The principal balance of WMC’s residential whole loan portfolio at June 30 stood at $1.24 a week earlier.

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Marketing Bankruptcy Loans Principal 418

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

DECEMBER 13, 2024

The Mortgage Bankers Association (MBA) this week published a proposal for Ginnie Mae to develop a new mortgage securitization product that could boost the availability of private capital liquidity sources into the market, particularly in periods of stress for the U.S. could serve as a logistical template for such a product.

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Bankruptcy Loans Investor Banks 370

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

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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

JULY 22, 2022

Non-QM lender First Guaranty Mortgage Corp. FGMC) filed for Chapter 11 bankruptcy protection at the end of June — leaving four warehouse lenders on the hook for more than $415 million. Sprout Mortgage imploded in early July, leaving its employees out in the cold.

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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. Instead, you can focus on one.

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Calculated Risk Real Estate

OCTOBER 7, 2024

of monthly mortgage payments, up from less than 7.7% from 2013-2020, hitting their highest share on record In high-risk areas, property insurance can make up as much as 25% of the average mortgage holder’s overall monthly PITI payment emphasis added Mortgage Delinquencies Declined in August Here is a graph on delinquencies from ICE.

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Mortgages Principal Bankruptcy Loans 124

Housing Wire

APRIL 22, 2022

The mortgage market is facing a crisis today, and it’s being fueled by fast-rising interest rates. The mortgage industry, really the entire economy, is coping with fast-rising inflation further aggravated by jammed-up supply chains, the escalating war in Ukraine, and the related, expanding sanctions that are whipsawing the global economy.

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Loans Lending Mortgages Investor 418

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. No Scarlet Letter for Bankruptcy Loans.

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Bankruptcy Loans Principal Property Management 52

Realty Biz

SEPTEMBER 25, 2021

Your home equity is the difference between what you owe on your mortgage(s) and what your home is currently worth if you sold it today (the appraised value). For instance, if the remaining balance on your mortgage is $195,000 and the market value is $295,000, you have $100,000 of equity in your home. Your equity increases in two ways.

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Equity Loans Bankruptcy Mortgages 90

C4D Crew

JULY 9, 2020

Thankfully the federal government and housing agencies, as well as mortgage lenders and servicers, have taken action to protect homeowners from foreclosure during this crisis. I’ve Missed Mortgage Payments and am Afraid of Mortgage Foreclosure. First, know that mortgage foreclosure is a process that differs by state.

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Mortgages Loans VA loan Bankruptcy 52

HomeLight

DECEMBER 1, 2021

Whatever the circumstance, you should act early if you’re suddenly struggling to make your monthly mortgage payment. 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.

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Purchase and sale agreement Short sale Loans Mortgages 111

Housing Wire

AUGUST 4, 2021

In March, Congress allocated $10 billion in funds to prevent homeowners from falling behind on their mortgage, losing utility services, or being displaced. The funds can be used for mortgage payment assistance or mortgage principal or interest rate reductions. The Homeowners Assistance Fund (HAF) can help with that.

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Homeowner’s association Bankruptcy Principal Development 448

HomeLight

JUNE 30, 2022

You will want to know where you stand so you can get ahead of any potential issues and create a plan for improvement before applying for a mortgage. Your mortgage lender will check your credit score , as well as analyze your credit history. Make sure to resolve any legal issues you may have as well, if you can. Line up financing.

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Purchase and sale agreement Inspection Earnest money deposit Closing costs 96

Toronto Realty Blog

JANUARY 5, 2023

Joe t-shirt that the average home price in November of 2023 is higher than that… 2) Mortgage Renewals, Trigger Rates, & Interest Rates. I asked her what her mortgage payment was , last year and this year, before the trigger rates kicked in. “Ummm, maybe something like six grand? ” That’s not the point.

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

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Bankruptcy Principal Finance Mortgages 52

CT Homes

FEBRUARY 3, 2022

As difficult as it may be to believe, the mortgage collapse was over ten years ago. 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.

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Short sale Sales Pre-approval Principal 52

App Folio

DECEMBER 18, 2020

Wendy: My biggest concern here is that, because interest rates were so low for mortgages, and home values are so inflated right now, thousands of our residents have refinanced. The concern is that there’s going to be a large wave of bankruptcies once the stays on foreclosures or evictions expire. Morris Groberman. Mike Sebastian.

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Industrial Property Management Investor Technology 105

Housing Wire

NOVEMBER 1, 2021

A component of the American Rescue Plan Act, the assistance fund was approved by Congress in March and allocates $10 billion to prevent homeowners from falling behind on their mortgage, losing utility services, or being displaced. during a panel in the Mortgage Bankers Association Conference in San Diego.

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Homeowner’s association Bankruptcy Principal Mortgages 418

Notorious ROB

DECEMBER 19, 2022

Rocket Mortgage Acquires Redfin. 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.

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MLS Agents Pre-approval Brokerage 79

Housing Wire

FEBRUARY 19, 2025

Staffing cuts at Ginnie Mae could table or delay the rollout of a complementary reverse mortgage securities program announced last year, according to an interview with a former Ginnie Mae official who requested anonymity out of fear of retaliation and reports of staff cuts by multiple outlets. ” HMBS 2.0 ” HMBS 2.0

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Bankruptcy Principal Finance Mortgages 322