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.

Bankruptcy 523

Bankruptcy Lending Equity Mortgages 523

Housing Wire

DECEMBER 29, 2022

Sales fall. Then we had the biggest mortgage rate shock in recent history and yet even with that, we will have over 5 million total home sales this year. Home sales. The housing market of 2002-2005 had four years of sales growth facilitated by credit. Housing demand has fallen noticeably this year. Production falls.

Marketing 546

Marketing Bankruptcy Sales FHA loan 546

Housing Wire

JANUARY 18, 2021

The first time Lawyers Title of Arizona Sales Executive Sarah Perkins walked through an acquisition was 2006. The sky was falling,” Perkins said, describing the environment of fear as companies were acquired, layoffs were rampant and bankruptcies were common. During her second acquisition in 2008, the story was much different.

Title 474

Title Bankruptcy Sales As-is 474

Housing Wire

NOVEMBER 15, 2022

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. Credit Challenges: Borrowers who have recovered from a foreclosure or bankruptcy do not have wait seven years to get a mortgage.

Bankruptcy 397

Bankruptcy Short sale Investor Title 397

Housing Wire

FEBRUARY 19, 2021

Seattle-based Redfin has agreed to pay $608 million in cash to acquire RentPath , though the deal still requires sign-off by the Federal Trade Commission and a bankruptcy court. Despite RentPath’s baggage, namely a $650 million bankruptcy restructuring , Redfin sees big traffic and lead-generation potential with the pending acquisition.

Bankruptcy 512

Bankruptcy Brokerage Property Management Agents 512

Housing Wire

JULY 30, 2024

There were 484 specific complaints related to consumers trying to communicate with a company “to fix an issue related to modification, forbearance, short sale, deed-in-lieu, bankruptcy, or foreclosure,” according to the database. There were 300 complaints in this segment that were specifically related to a foreclosure.

Mortgages 459

Mortgages Bankruptcy Short sale Equity 459

Housing Wire

SEPTEMBER 22, 2023

However, a silver lining in the subdued housing market is the strength in new-home sales. On the production side, the mortgage business is in recession because the levels of existing-home sales are back where they were at the end of the great financial crisis at around 4 million units. That’s very low historically.

FHA loan 476

FHA loan Bankruptcy Marketing Loans 476

Housing Wire

DECEMBER 27, 2023

When we’ve been in situations like this in the past, we’ve done the same thing where we want to continue to gain market share and, at the same time, add good sales and fulfillment talent to our franchise.” There were also a few cases of bankruptcy. bankruptcies. exits and 3.2%

Mortgages 448

Mortgages Bankruptcy Lending Loan Officer 448

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 468

Bankruptcy Banks Development Loans 468

Housing Wire

MARCH 26, 2021

He also claimed Wells Fargo didn’t compensate mortgage professionals for non-sales work, clawed back vacation pay from commissions and did not pay overtime wages as required by laws. The post Wells Fargo pays $96M to settle LO comp lawsuit appeared first on HousingWire.

Bankruptcy 488

Bankruptcy Banks Loan Officer Loans 488

Housing Wire

AUGUST 30, 2022

From the index : I know it seems strange, but existing home sales are falling, and the monthly supply of new homes is at 10.9 months even if the last existing home sales report showed home price growth of near 11% year over year. However, we haven’t had a credit sales boom like the one we saw from 2002-2005.

Bankruptcy 397

Bankruptcy Days on market Sales Short sale 397

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 2, 2023

The address listed is 610 Park Avenue, New York, a residential property for sale for $19.9 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. million , down from $26.5

Loan Officer 468

Loan Officer Bankruptcy Loans Residential 468

Housing Wire

JANUARY 5, 2023

. “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. There were about $8 million in costs associated with the layoffs – including $6.1 million in severance payments and $1.3

Lending 418

Lending Mortgages Bankruptcy Banks 418

Housing Wire

MAY 26, 2022

We had roughly 300,000 more existing home sales in 2020 than in 2019 and 800,000 more in 2021. If I take existing home sales from 2017 levels, it’s roughly, on average, just 300,000. If I take existing home sales from 2017 levels, it’s roughly, on average, just 300,000. Currently, home sales are falling like when rates rise.

Construction 526

Construction Bankruptcy Sales House Flipping 526

Housing Wire

AUGUST 9, 2022

LLC , recently announced that it is exploring a potential company sale or merger in the wake of posting a $22.4 The stock-value pressure is prompting the WMC to explore alternatives going forward, including a possible sale of the company. The REIT, which is managed by investment advisor Western Asset Management Co. WMC, with some $2.8

Marketing 418

Marketing Bankruptcy Loans Principal 418

Housing Wire

NOVEMBER 20, 2024

The new version will also change the recommendation given for an applicant with a “significant derogatory credit event,” which often includes bankruptcies, foreclosures , short sales and charge-offs of mortgage accounts.

Bankruptcy 284

Bankruptcy Short sale Loans Development 284

Housing Wire

AUGUST 28, 2023

Earlier this year, the district court ruled that the defendants violated the advance fee provision of the Telemarketing Sale Rule, which includes protective measures for consumers related to telemarketing and sets payment restrictions for certain goods and services.

Bankruptcy 370

Bankruptcy Branding Sales Marketing 370

Housing Wire

NOVEMBER 2, 2020

These services include artificial intelligence, point of sale, loan officer capabilities, fee service, collaboration network, digital closings, PPE, compliance monitoring and actionable analytics. Capabilities include loss mitigation, bankruptcy, foreclosure, invoicing and claims. Secondary Marketing. Added Value to Clients.

Lending 435

Lending Bankruptcy Equity Loans 435

Housing Wire

AUGUST 3, 2022

In June of last year, New American Funding announced plans to expand its footprint across much of the country by hiring LOs and other sales staff. Licensed in 49 states across the nation, the lender has 159 active branches nationwide and originated $31.8 billion in mortgages in 2021. billion in the first six months of 2022, down 42.7%

Bankruptcy 448

Bankruptcy Loan Officer Mortgages Loans 448

Housing Wire

AUGUST 3, 2023

Heightened focus on expenses by clients and prospects, as well as the proposed ICE transaction, has elongated the sales cycles in the short term; market conditions continue to result in elevated originator consolidation, bankruptcies and associated attrition, according to its filing with the Securities and Exchange Commission (SEC).

Bankruptcy 370

Bankruptcy Mortgages Development Loans 370

Housing Wire

DECEMBER 8, 2021

My biggest concern for housing in the years 2020-2024 was that if the demographic push in demand picks up and total home sales get over 6. million new and existing home sales combined. This type of sales growth — which couldn’t happen from 2008-2019, as I have often stated — is coming with a hefty price tag.

Bankruptcy 525

Bankruptcy Loans Sales Short sale 525

Housing Wire

DECEMBER 27, 2022

Other smaller lenders, including real estate tech startup Reali and Sprout Mortgage , shuttered, while First Guaranty Mortgage Corp filed for Chapter 11 bankruptcy. The top loan originators, who exceeded the landmark $1 billion in origination volume in each of the past two years, weren’t immune to rising rates either.

Marketing 529

Marketing Equity Loans Bankruptcy 529

Housing Wire

DECEMBER 29, 2021

Retail sales have been off the charts, job openings are at 11 million, GDP growth picked up big time and jobless claims hit a level last seen in 1969. With only one existing home sales report left this year, it is imperative to focus on the fact that more Americans bought homes in 2021 than 2020. However, not only did the U.S.

Marketing 534

Marketing Equity Construction Bankruptcy 534

Housing Wire

SEPTEMBER 8, 2022

million homes for sale, but in 2022 we got as low as 870,000 in total inventory. I always stress how crucial it was to have the 2005 bankruptcy reform laws and the 2010 qualified mortgage laws, which together have allowed homeowners to have the best financial profiles in our country’s history.

Loans 544

Loans Banks Equity Bankruptcy 544

Housing Wire

MAY 13, 2021

Portfolio Select is a good option for those just two years out of foreclosure, short sale, bankruptcy or deed-in-lieu. A Bank Statement loan allows bank statement submissions instead of tax returns. Full doc options include Platinum Jumbo and Portfolio Select.

Loans 370

Loans Bankruptcy Investor Short sale 370

Keeping Current Matters

JUNE 10, 2021

Lehman Brothers) and many more into bankruptcy. Not all of the $700 billion was used, but the important point is that the government did not act with equal fervor to help flailing homeowners, millions of whom lost their homes to foreclosures and short sales. It created a panic that drove some large companies out of business (ex.

Bankruptcy 311

Bankruptcy Banks Short sale Industrial 311

Housing Wire

FEBRUARY 28, 2023

We remain focused on winning new clients, expanding and extending our relationships with existing clients through cross-sales and contract renewals, and delivering innovative new solutions.” Organic growth in 2022 declined from the previous year’s 10%, which is in line with the mortgage analytics data company’s expectations. .

Bankruptcy 397

Bankruptcy Technology Mortgages Banks 397

Housing Wire

NOVEMBER 10, 2022

Angel Oak Home Loans will exit its retail distribution channel following a sale of its retail offices to an unknown lender and servicer. The firm will focus on the non-qualified residential mortgages in the wholesale and correspondent channels.

Loans 321

Loans Bankruptcy Loan Officer Lending 321

Brownstoner

JULY 22, 2021

The long-anticipated restoration and adaptation of the historic Nassau Brewery at 945 Bergen Street could be scrapped by a bankruptcy sale just as it inches toward completion.

Bankruptcy 98

Bankruptcy Investor Sales As-is 98

Brownstoner

JUNE 22, 2022

[The City] First Responders Ready to Work as Lifeguards, But City Says No [The City] BPL Honors Jon Batiste, Other Notables… Read More > The post Daily Links: Stalled Hotel Tower Site Next to Weylin in ‘Burg to Be Auctioned in Bankruptcy Sale appeared first on Brownstoner.

Bankruptcy 98

Bankruptcy Sales As-is 98

Housing Wire

JULY 1, 2022

FGMC filed for Chapter 11 bankruptcy protection in Delaware on Thursday, June 30. VanSingel alleges that she experienced discriminatory conduct from senior vice president of retail sales Simons in January 2022. According to Meyers, other sales managers sent her messages apologizing for Simon’s behavior.

Loan Officer 370

Loan Officer Bankruptcy Loans Sales 370

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 431

Bankruptcy Industrial Investor Technology 431

Housing Wire

DECEMBER 20, 2021

Existing-home sales. For 2022, I am forecasting the same sales trend range as 2021 of about 5.74 If monthly sales prints are above 6.16 If sales trend toward 5.3 If sales trend toward 5.3 This would still be healthy sales considering the post-1996 trend, but it will mean housing demand has gotten softer.

Mortgages 544

Mortgages Sales As-is Construction 544

Housing Wire

JULY 11, 2023

According to the indictment, the group allegedly acquired a property in bankruptcy proceedings in a short sale, and two defendants moved in and occupied that home as their primary residence. In total, the group allegedly forged financial statements and filed false tax documents to access $1.5

Bankruptcy 284

Bankruptcy Short sale Loans Title 284

Housing Wire

JANUARY 20, 2021

For example, it shows whether the owner has ever filed for bankruptcy or if they’re facing foreclosure. Using its parcel boundary data, PropStream users can click on any property on a map, even without knowing the address, to see detailed information on that property.

Bankruptcy 414

Bankruptcy Agents MLS Design 414

Realty Biz

JULY 12, 2021

I’m thinking that bankruptcy might be my only option. What’s important for me to know about filing bankruptcy as a homeowner? How bankruptcies work out is highly dependent on personal circumstances. You definitely want to talk to a bankruptcy attorney before making any final decisions or taking action. Code 6-10-2.).

Bankruptcy 92

Bankruptcy Equity Mortgages As-is 92