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Bankruptcy May Not Be Best Option for Unsecured Mortgage Lenders
http://www.sbwire.com/press-releases/bankruptcy-may-not-be-best-option-for-unsecured-mortgage-lenders-398837.htm
After the real estate crisis, with the steep decline in property values and an oversupply of properties, many lenders have begun to entertain short sales — sales to which the lender consents even though its debt will not be paid in full. However, some

The Tale of the $8 Million 'Bargain' House in Greenwich
http://dealbook.nytimes.com/2014/01/25/the-tale-of-the-8-million-bargain-house-in-greenwich/
But it ended up in the hands of his neighbor, Richard A. Baker, the chief executive of the firm that owns Lord & Taylor and Saks, who snapped it up for $8 million after Mr. Fuscone had to declare bankruptcy in 2010. In the competitive insulated world

Ally CEO Sees IPO Road Show in the First Half of This Year (1)
http://www.businessweek.com/news/2014-01-25/ally-ceo-sees-ipo-road-show-in-the-first-half-of-this-year-1
Ally Financial Inc., the auto lender bailed out by the U.S. government, may start a road show for an initial public offering as soon as this quarter as the U.S. Treasury looks to shed its ownership, according to its chief executive officer. The

The Gadfly of Greenwich Real Estate
http://www.nytimes.com/2014/01/26/business/the-gadfly-of-greenwich-real-estate.html?hpw&rref=business
Mr. Fountain includes in his gallery plenty of lesser-known people pushed into bankruptcy after overreaching, borrowing millions to build 15,000-square-foot houses that no one wanted to buy. Mr. Fountain's contention that the legal and financial

Qualify for a Home Loan Even after Bankruptcy.

homeloansfargo.com For more information, call or visit our experience brokers at: Flagship Financial Group 1621 South University Dr., Suite 225 ...

Walter's bankruptcy likely by the end of November

Walter Investment Management Corp. is looking to file for bankruptcy protection by Nov. 30, after lining up $1.9 billion of debtor-in-possession warehouse financing.

The company started soliciting approvals on Nov. 6 for the prepackaged bankruptcy plan from its debtholders that were parties to restructuring support agreements.

Up to $750 million of the DIP funding can be used for Ditech Financial's loan originations. There is $550 million available to finance servicing advances; this can be increased to $600 million if some of the current servicing advance credit lines are not available to Ditech after the bankruptcy filing. An additional $800 million will be available to the reverse mortgage business.

Only the holding company will file under Chapter 11. Neither Ditech nor RMS is expected to file for bankruptcy.

For the second consecutive period, there is a statement in the 10-Q filing declaring that there's substantial doubt about Walter's ability to continue as a going concern. "The significant risks and uncertainties related to the company's prepackaged [bankruptcy] plan" is the reason for the statement. The New York Stock Exchange sent the company a notice in August that its stock is subject to delisting .

Commerce Secretary's Offshore Ties to Putin 'Cronies'

After becoming commerce secretary, Wilbur L. Ross Jr. retained investments in a shipping firm he once controlled that has significant business ties to a Russian oligarch subject to American sanctions and President Vladimir V. Putin’s son-in-law, according to newly disclosed documents.

The shipper, Navigator Holdings , earns millions of dollars a year transporting gas for one of its top clients, a giant Russian energy company called Sibur , whose owners include the oligarch and Mr. Putin’s family member. Despite selling off numerous other holdings to join the Trump administration and spearhead its “America first” trade policy, Mr. Ross kept an investment in Navigator, which increased its business dealings with Sibur even as the West sought to punish Russia’s energy sector over Mr. Putin’s incursions into Ukraine.

Finding a mortgage lender after bankruptcy?

Hi Everyone, my husband and I went through a ch 7 bankruptcy that has been discharged for a year now. We'd like to buy a home in the next 6-9 months and I am currently trying to educate myself on how to do it.


Go to http://www.daveramsey.com and on the right hand side is a link for ChurchHill Mortgage company. They have lenders that have home loans that are really even based on your credit score.