According to the commission, such use of funds kept in the LIP (loan in progress) account was in violation of the rules as the funds were intended for repayment of expenses related to renovation of mortgaged properties. As a result, Angel Oak was able to artificially lower delinquency rates on the underlying loan pool, preventing it from triggering early amortizations, the company said. It also allowed the company to avoid early repayment of its investments to senior tranche noteholders later that year, in November 2018. Not only did Angel Oak fail to disclose to bondholders that it was using funds…
Author: Private Lending Agent
A major private financial institution has fallen into distress due to defaults on mortgage payments on home resale businesses.The U.S. Securities and Exchange Commission on Wednesday fined Atlanta-based Angel Oak Capital Advisors $1.75 million for concealing deteriorating loan quality in a 2018 bond deal.That year, Angel Oak raised $90 million by bundling its affiliates' loans into a portfolio and selling the proceeds to investors in a process known as securitization. But shortly after the deal closed, delinquency rates on those loans unexpectedly rose, according to the SEC.The SEC said that instead of returning some of the investors' money, as required…
Phoenix Commercial Real Estate News Commercial real estate interest rates are trending upward, and the Federal Reserve shows no signs of stopping its efforts to tame inflation by making borrowing more expensive. Federal Reserve officials are trying to avoid a vicious cycle in which the current annual inflation rate of over 9% fuels expectations of further inflation, which in turn causes prices and wages to spike. Several more rate hikes are expected for the remainder of 2022, bringing the federal funds rate to 2.5%, the highest since 2018. How are these changes expected to affect investing in Phoenix commercial real…
Want to know how to flip a house? Flipping a house has become increasingly popular in the real estate industry, thanks to TV shows like HGTV's “Flip or Flop” and “Masters of Flip.” The goal is to buy a rundown house, renovate it with money, and put it on the real estate market for a huge profit. For real estate investors, flipping a house may have peaked during the bubble that led to the 2007 housing market crash, but it's definitely one of those dreams that hasn't gone away. Many investors are still making money out of it. However, just…
Will 2021 be the year to buy a real estate investment property? If your goal is to flip a house for a big profit, you know how much work it takes. Sure, popular real estate reality shows like “Flip or Flop” and “Flipping Across America” make fix-it-and-flip investments seem like a achievable endeavor, but you know the magic of TV, right?In reality, flipping a home can be fraught with challenges, from financial difficulties to a breakdown in communication with construction crews. Plus, low interest rates are driving properties off the market, especially in emerging areas.So how can someone new to…
There are lots of reasons why it's time to sell your home. Maybe you need more space to accommodate a growing family, or you need to downsize after the kids have left home. Whatever your motivation, the timing needs to be right. If you sell when home prices are plummeting, you could lose out on the deal. If you sell when home prices are at their highest, you might not find many buyers willing to move in. So how do you know when is a good time to sell? A qualified agent can help you gauge whether the market is…
John and Dani Lovell of HGTV's “Flip to a Million.” [Photo: Rachel Whyte/HGTV] Start small, then go big in Dallas. That's the challenge HGTV gives two home-flip couples in Monday's series premiere episode of “Flip to a Million,” which airs at 8 p.m. Central time on HGTV and is available to stream on Discovery+. They're not Dallas real estate agents, but that's part of the challenge: HGTV is whisking John and Dani Lobel of Long Island and Jason and EJ Williams of Chicago out of a market they know and into one they know nothing about. According to HGTV, both…
Location value after exclusive interchange Nova City location has gained a prime location in the Federal Capital and will become even more valuable after the establishment of Nova City Dedicated Interchange. This important and deep area is just a few kilometers away from the Islamabad New International Airport and its proximity to the airport makes this community highly advantageous for transport and other business purposes. This residential venture has a main entrance accessible from Rawalpindi Ring Road, which connects to the CPEC route, and another entrance from Bongo Kanyar Road. Another accessible location is the M-2 Lahore-Islamabad Expressway. 31 minutes…
I love watching HGTV and I have to admit that they make it look easy. So even if you want to get into real estate investing, sometimes you wish you could just buy a house and flip it. But you know that the process is much more complicated than it makes it look on a 30-minute TV show. So even though you have a dream, you don't think you can do that project right away. But the five-figure, sometimes six-figure salary is very attractive. If you're interested and a little bit handy, you'll be interested to know that one of…
Updated October 20, 2023 With a list price of $3.2 million, this gracious waterfront two-story modern Mediterranean home is likely to break the sales record for the Keystone Shores community in Odessa, Florida. The address is 17115 Journeys End Dr, Odessa, FL 33556. 17115 Journey's End Drive, Odessa, FL 33556 The home was custom built in 2005 by award-winning design and construction firm Fernandez Luxury Homes for its first owner, TV advertising legend Billy Mays. When new owners purchased the home four years later, many more features and updates were added, creating a masterpiece for lakefront estate living and entertaining.…