(408) 827-5745
HousingWire |
1 year ago
Report post
Report user
Block user
housingwire

Warehouse lenders stung by FGMC’s bankruptcy

Warehouse lenders stung by FGMC’s bankruptcy

Recent pleadings filed in the bankruptcy case of FGMC show the lender left its warehouse lenders holding the bag for a mound of debt. 

The post Warehouse lenders stung by FGMC’s bankruptcy appeared first on HousingWire.

Warehouse lenders stung by FGMC’s bankruptcy
You can contact us to get more choices
0
You can contact us to get more choices
Related posts
Warehouse lenders stung by FGMC’s bankruptcy
Warehouse lenders stung by FGMC’s bankruptcy
Warehouse lenders stung by FGMC’s bankruptcy
Warehouse lenders stung by FGMC’s bankruptcy
housingwire housingwire | 1 year ago
Recent pleadings filed in the bankruptcy case of FGMC show the lender left its warehouse lenders holding the bag for a mound of debt.  The post Warehouse lenders stung by FGMC’s bankruptcy appeared first on HousingWire.
Recent pleadings filed in the bankruptcy case of FGMC show the lender left its warehouse lenders holding the bag for a mound of debt.  The post Warehouse lenders stung by FGMC’s bankruptcy appeared first on HousingWire.
SitusAMC launches new tech for warehouse lenders
SitusAMC launches new tech for warehouse lenders
SitusAMC launches new tech for warehouse lenders
SitusAMC launches new tech for warehouse lenders
housingwire housingwire | 2 years ago
Mortgage tech player SitusAMC has a new suite of "turnkey" tech products that it claims will reduce costs for warehouse lenders by up to 30%. The post SitusAMC launches new tech for warehouse lenders appeared first on HousingWire.
Mortgage tech player SitusAMC has a new suite of "turnkey" tech products that it claims will reduce costs for warehouse lenders by up to 30%. The post SitusAMC launches new tech for warehouse lenders appeared first on HousingWire.
As the secondary market rethinks risks, so too must lenders
As the secondary market rethinks risks, so too must lenders
As the secondary market rethinks risks, so too must lenders
As the secondary market rethinks risks, so too must lenders
In-depth analysis, data and st... In-depth analysis, d... | 1 year ago
The Federal Housing Finance Agency is shoring up the government-sponsored enterprises’ finances as it returns to considering a mission-centric conservatorship exit, and its related policies have implications for lenders.
The Federal Housing Finance Agency is shoring up the government-sponsored enterprises’ finances as it returns to considering a mission-centric conservatorship exit, and its related policies have implications for lenders.
First Guaranty floating bonuses to counter attrition
First Guaranty floating bonuses to counter attrition
First Guaranty floating bonuses to counter attrition
First Guaranty floating bonuses to counter attrition
In-depth analysis, data and st... In-depth analysis, d... | 1 year ago
First Guaranty Mortgage Corp. is proposing millions of dollars in bonuses for executives and staff to meet winddown goals as the company mulls additional layoffs and workers are quitting, the firm disclosed.The Plano, Texas-based lender has 124 remaining employees and is contemplating reductions in force Aug. 15 and in mid-September, according to a filing Wednesday in the U.S. Bankruptcy Court for the District of Delaware. Since FGMC sought Chapter 11 protection June 30, eight workers have quit...
First Guaranty Mortgage Corp. is proposing millions of dollars in bonuses for executives and staff to meet winddown goals as the company mulls additional layoffs and workers are quitting, the firm disclosed.The Plano, Texas-based lender has 124 remaining employees and is contemplating reductions in force Aug. 15 and in mid-September, according to a filing Wednesday in the U.S. Bankruptcy Court for the District of Delaware. Since FGMC sought Chapter 11 protection June 30, eight workers have quit...
Best VA Mortgage Lenders | February 2022
Best VA Mortgage Lenders | February 2022
Best VA Mortgage Lenders | February 2022
Best VA Mortgage Lenders | February 2022
militaryvaloan militaryvaloan | 2 years ago
VA loans offer tremendous benefits for eligible borrowers, including: No down payment Competitive interest rates No private mortgage insurance (PMI) Flexible credit and DTI requirements No loan limits But not […] The post Blog first appeared on MilitaryVALoan.com.
VA loans offer tremendous benefits for eligible borrowers, including: No down payment Competitive interest rates No private mortgage insurance (PMI) Flexible credit and DTI requirements No loan limits But not […] The post Blog first appeared on MilitaryVALoan.com.
Secondary Market Digital Transformation
Secondary Market Digital Transformation
Secondary Market Digital Transformation
Secondary Market Digital Transformation
In-depth analysis, data and st... In-depth analysis, d... | 1 year ago
Encompass by ICE Mortgage Technology provides an all-in-one workflow for omnichannel lenders
Encompass by ICE Mortgage Technology provides an all-in-one workflow for omnichannel lenders
Encompass by ICE Mortgage Technology provides an all-in-one workflow for omnichannel lenders
Encompass by ICE Mortgage Technology provides an all-in-one workflow for omnichannel lenders
housingwire housingwire | 1 year ago
As the only truly digital lending platform that provides an all-in-one workflow for omnichannel lenders, Encompass helps customers generate more leads, close more loans and drive unparalleled ROI. By managing every loan, including home equity, refinance or new purchase, in one place, lenders are also able to make better decisions, keep costs down and quickly adapt to changing market trends.  The post Encompass by ICE Mortgage Technology provides an all-in-one workflow for omnichannel lenders ap...
As the only truly digital lending platform that provides an all-in-one workflow for omnichannel lenders, Encompass helps customers generate more leads, close more loans and drive unparalleled ROI. By managing every loan, including home equity, refinance or new purchase, in one place, lenders are also able to make better decisions, keep costs down and quickly adapt to changing market trends.  The post Encompass by ICE Mortgage Technology provides an all-in-one workflow for omnichannel lenders ap...
A Secondary Mortgage Market: The Supreme Guide One Must Know
A Secondary Mortgage Market: The Supreme Guide One Must Know
A Secondary Mortgage Market: The Supreme Guide One Must Know
A Secondary Mortgage Market: The Supreme Guide One Must Know
compareclosing compareclosing | 1 year ago
About Secondary Mortgage Market Most homebuyers and homeowners only know one spectrum of the mortgage market where you take out a mortgage or refinance from a lender which is known as the primary market.  However, what happens once you close your loan with your lender? Well, a whole lot is happening once you close on your loan in a secondary mortgage market. In this post, we will learn more about this market in detail. What Is The Secondary Mortgage Market? The secondary mortgage market is wher...
About Secondary Mortgage Market Most homebuyers and homeowners only know one spectrum of the mortgage market where you take out a mortgage or refinance from a lender which is known as the primary market.  However, what happens once you close your loan with your lender? Well, a whole lot is happening once you close on your loan in a secondary mortgage market. In this post, we will learn more about this market in detail. What Is The Secondary Mortgage Market? The secondary mortgage market is wher...
Mortgage Bankers Predict Mortgage Rates to Drop to 5.4% by End of 2023. A Year Ago, They Forecast 4%...
Mortgage Bankers Predict Mortgage Rates to Drop to 5.4% by End of 2023. A Year Ago, They Forecast 4%...
Mortgage Bankers Predict Mortgage Rates to Drop to 5.4% by End of 2023. A Year Ago, They Forecast 4%...
Mortgage Bankers Predict Mortgage Rates to Drop to 5.4% by End of 2023. A Year Ago, They Forecast 4%...
wolfstreet wolfstreet | 1 year ago
This raging inflation will keep dishing up a lot more surprises. By Wolf Richter for WOLF STREET. On Sunday at the Mortgage Bankers Association Annual Convention & Expo in Nashville, the MBA’s chief economist Mike Fratantoni forecast that by the end of 2023, the average 30-year fixed mortgage rate would drop to 5.4%. And this made some headlines in the news. In its regular monthly forecast, the MBA predicted the same: Mortgage rates would drop to 5.4% by the end of 2023. But it also forecas...
This raging inflation will keep dishing up a lot more surprises. By Wolf Richter for WOLF STREET. On Sunday at the Mortgage Bankers Association Annual Convention & Expo in Nashville, the MBA’s chief economist Mike Fratantoni forecast that by the end of 2023, the average 30-year fixed mortgage rate would drop to 5.4%. And this made some headlines in the news. In its regular monthly forecast, the MBA predicted the same: Mortgage rates would drop to 5.4% by the end of 2023. But it also forecas...
Mortgage lenders dropped some riskier loans in March
Mortgage lenders dropped some riskier loans in March
Mortgage lenders dropped some riskier loans in March
Mortgage lenders dropped some riskier loans in March
In-depth analysis, data and st... In-depth analysis, d... | 2 years ago