Housing Wire

SEPTEMBER 26, 2023

“This is about the same rate of price growth that occurred during the 2002 through 2006 period when subprime lending drove exuberant housing demand. “But that is where the similarities end. Mortgage holders are well-qualified and subprime loans are rare. ”

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Housing Wire

APRIL 8, 2022

In time, markets always find balance and balance is a good thing. One of the reasons that I moved into the “team higher mortgage rate” camp is that what I saw in January, February, and March of this year was so unhealthy that I labeled the housing market savagely unhealthy. Again, what happened in housing from 2002 to 2008?

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Housing Wire

DECEMBER 5, 2022

I have been part of the mortgage banking industry since 1983 — 39 years to date through different housing markets. In many ways it was similar to today, with one exception: When I started, I hadn’t been spoiled by a housing market like the one in 2020 and 2021. The housing market won’t be like this forever.

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Housing Wire

MARCH 31, 2022

The Dallas Fed on Thursday published an article titled: Real-Time Market Monitoring Finds Signs Of a Brewing U.S. That’s not to say that the data points the Fed used are incorrect — in fact, we are in a savagely unhealthy housing market , but it’s not a bubble. Housing Bubble. I disagree with this conclusion. Let me explain.

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Housing Wire

MARCH 30, 2023

housing market would crash during the pandemic. today and why they’re so different than the period of 2002-2008. However, the current housing market is much different than the credit boom-and-bust cycle of 2002-2008, and it’s vital to understand why. Many people predicted that the U.S. That is not the case today.

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Housing Wire

JULY 17, 2024

These sales have been tested by HUD since 2002, but HUD said that the proposed rule will improve community stability and expand the availability of affordable homes for families as the market faces a supply challenge.

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Housing Wire

JUNE 27, 2024

Demand for investment properties remains strong even as market conditions, such as higher mortgage rates and lower levels of inventory , hamper deals in similar fashion to consumer homebuyers. A national lender, Dominion was founded in 2002 and has reportedly funded more than $3 billion in loans across more than 11,000 deals.

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Housing Wire

SEPTEMBER 22, 2020

housing market and compare those to where we are today — in the middle of one of the most epic years in our country’s history, due to COVID-19. No doubt about it, the COVID crisis has taken some juice out of the 2020 housing market. The new home sales market is doing well as it really benefits from lower mortgage rates.

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Housing Wire

MARCH 15, 2021

I hear a lot of chatter about a boom in cash-out refinances, and the presumption seems to be that this is destined to wreak havoc on the housing market and the economy at some point. First, the refinance boom’s main driver in the 2000s was unhealthy because of the marketplace’s speculative unhealthy lending standards.

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Housing Wire

FEBRUARY 7, 2023

This acquisition is part of the company’s continued plan to grow both in existing markets and by entering new ones with selective acquisitions of like-minded lenders,” Guild CEO Mary Ann McGarry said in a statement. Legacy, headquartered in Albuquerque, New Mexico, was founded in 2002 and purchased by its CEO Jack Thompson in 2006.

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Retail Mortgage Loan Officers Technology 397

Housing Wire

FEBRUARY 14, 2023

Tyrrell joined Ellie Mae in 2002, where he was promoted to executive vice president in 2013 from chief operating officer and senior vice president. Bowler will be in charge of ICE’s business segment, which is focused on automating elements of the mortgage industry and delivered a revenue of $1.1 billion in 2022, the firm said Tuesday.

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Housing Wire

FEBRUARY 18, 2021

After three weeks of unchanged rates, the average mortgage rate for a 30-year fixed loan jumped 8 basis points to 2.81%, reaching its highest point since mid-November, according to Freddie Mac ’s Primary Mortgage Market Survey. However, the uptrend in the bond market since the lows of August 2020 is intact. for the week ending Feb.

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Housing Wire

AUGUST 21, 2020

COVID didn’t get the housing market, but it did pull a fast one on those pesky bears. For the casual observers of the market, it may seem intuitive that with all the economic chaos we suffered during the first half of 2020, the housing market would take a drastic hit – from which it would be difficult to recover. Look, I get it.

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Housing Wire

JULY 11, 2022

Kumar was a manager at Standard Chartered Bank from 2002 to 2004. “We intend to change how lending is going to be done fundamentally – behavior, market dynamics, products,” Kumar said. “We’re not talking about huge Capex changes; we’re talking about minor changes that will have a significant impact.”

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Housing Wire

JANUARY 20, 2023

housing market , we just experienced an event that most people never thought could happen. However, in 2020 new listing data came back, and we don’t want to see the new listings continue to decline this year — that would be a double negative for the housing market. The days on market were too low.

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Inventory Housing Market New Listings Marketing 540

Housing Wire

OCTOBER 25, 2023

The financial losses for mortgage lenders continue to mount due to continued market compression leading to lower margins and higher interest rates leading to lower volume,” Wes Hunt, founder and CEO of Homestar, said in a statement. Your loan should still close on time!

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Housing Wire

JUNE 16, 2022

Escobar’s background will ensure members’ “commitment to advancing homeownership and affordable rental housing opportunities nationwide,” said Kristy Fercho, 2022 MBA chair and executive vice president and head of home lending at Wells Fargo.

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Housing Wire

MARCH 23, 2022

We finally got mortgage rates to rise, and for people like me who have been concerned about how unhealthy the housing market was last year — and it got a lot worse this year — it’s a blessing that was much needed. This sector on an apples-to-apples basis is more expensive than the existing home sales market. The only risk to that 6.2

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Housing Wire

AUGUST 30, 2022

While the growth rate is cooling monthly, we are still in a savagely unhhealthy housing market trying to get national inventory levels back to pre-COVID-19 levels. However, we haven’t had a credit sales boom like the one we saw from 2002-2005. Nor can we ever have a credit sales boom again with lending standards back to normal.

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Appraisal Buzz

MAY 17, 2021

Many of the complaints and allegations about appraisals related to not addressing the changes happening in the market as the meltdown began to occur, calling the market stable when prices were starting to decline. Between 2002-2005 in many markets, the real estate market was scorching, much like it is today.

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Housing Wire

OCTOBER 31, 2022

Both these laws paved the way for more responsible lending and a more responsible consumer. When the Fed says they may need to keep rates higher for longer, I believe that’s them talking tough, as they can fall back on the fact that the labor market is still solid and household balance sheets are good. Today, we are at 1.25

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Housing Wire

JANUARY 10, 2024

AmCap, founded in 2002, is a much smaller lender. “Our basic strategy for growth has always been organically, getting into markets one by one. He said that AmCap helps mainly with the Houston market. In terms of volume, CCM claims it originated $31.6 billion in loans in 2023.

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Housing Wire

OCTOBER 12, 2020

Despite what they promised, we sit here today with the United States housing market outperforming all other economic sectors in the world during the pandemic. In order for the housing market to crash due to too many loans going into default when forbearance programs end, the number of loans in these programs needs to grow.

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Housing Wire

AUGUST 11, 2020

The most abhorrent racist practices, such as redlining, are officially prohibited, yet bias creeps into mortgage lending in myriad ways. And HUD could easily collect the information necessary to distinguish the few underperforming DPA providers in the market and target their regulatory activity accordingly, without harming the rest.

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Will Springer Realtor

OCTOBER 11, 2022

Seriously though, there must be a ceiling to rising rates that have all but extinguished a robust housing market. While investors of mortgaged securities help dictate their interest rates, the Federal Reserve is behind the scenes influencing the overall lending environment. may be the better million-dollar question.).

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Appraisal Today

SEPTEMBER 29, 2023

Today, they are becoming popular to get extra rentals in markets low on housing. Some appraisers, a true minority, have been able to transition to private, non-mortgage-lending appraisal work, but that’s not as easy as some advocate. Some types of non-lender appraisals have little competition, and marketing can be done quickly.

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Appraisal Today

MAY 12, 2023

Fannie Mae will end up creating more instability for the trillions in the bond market – investors will have to process millions of valuations with the physical attributes of the home collected by unlicensed, uninsured, and unprepared individuals getting paid $10-$25 per inspection. Very tough market now with many layoffs.

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Appraisal Today

DECEMBER 9, 2022

This strategy often backfires because parties involved in the lending process cannot find the specific information they are looking for in the report. NOTE: Please scroll down to read the other topics in this long blog post on retirement, classes, adjustments, real estate market, unusual homes, mortgage origination stats, etc.

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Appraisal Today

NOVEMBER 4, 2022

Mortgage Lending You decide. Excerpts: As residential property prices plateau or decline in various markets and as borrowers have financial problems with fewer financing options, there are more legal claims being filed by borrowers against appraisers and lenders in relation to appraisals for loans made in recent years.

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Housing Wire

MAY 25, 2022

million Americans who live in homes financed with chattel — about 42% of the manufactured housing market — don’t enjoy the consumer protections that long-established legislative bulwarks afford those with a traditional mortgage. But the government sponsored enterprises may now be on the cusp of entering the chattel market.

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McKissock

MAY 13, 2022

The podcast covers a variety of topics involving the real estate, appraisal, and lending industries. It also explores issues of success, communication, leadership, balance, marketing, social media, SEO, NLP, and more. The Real Value Podcast is hosted by well-known real estate and appraiser coach, Blaine Feyen. The Appraiser’s Advocate.

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