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Logan Mohtashami unpacks the slow train wreck that’s been happening in housing inventory

Housing Wire

Logan Mohtashami: Regarding inventory, we had a slow train wreck happening for years, and I can explain in more detail. Unlike the housing bubble years, where credit pushed home prices with demand, we just had a raw inventory shortage with demand picking up for sure, but nothing like we saw from 2002-to 2005. Then this happened.

Training 459
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Your roadmap to the ever-evolving landscape of mortgage regulations

Housing Wire

This requires lenders to conduct thorough training for their staff, update loan processing systems and carry out frequent audits to stay in line with the latest rules. Through continuous training, you can gain a deep understanding of the latest laws and guidelines. What It means for lenders and borrowers For lenders, compliance is key.

Mortgage 456
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Steve Harney, founder of Keeping Current Matters, has died

Housing Wire

He became a top-producing real estate agent in the area and in 1991 became the manager of the largest office for Prudential Long Island Realty , training agents throughout the East Coast markets. He sold the brokerage in 2005.

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Why home-price growth is still up 18% year over year

Housing Wire

This means all those men and women since 2012 who have been saying its housing 2008 all over again on their YouTube , Twitter, Facebook and other social media outlets simply don’t have the proper training to talk about housing economics. However, we haven’t had a credit sales boom like the one we saw from 2002-2005.

Inventory 397
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Origins: From young country club caddy to reverse mortgage professional

Housing Wire

The company sent its trainees to the World Trade Center in New York for eight weeks of training. Shifting into reverse At a 2005 lunch and learn, a reverse mortgage professional with Financial Freedom laid out what reverse mortgages were, who they’re for and what they can do.

Mortgage 439
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Loan buybacks haven’t disappeared, but they are trending down

Housing Wire

The Urban Institute report, published in November 2023, shows that the average number of months from origination to repurchase between 2005 to 2008 (prior to and during the early stages of the global financial crisis ) was 46 months for Freddie Mac and 52 months for Fannie Mae.

Investors 448
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A record year for real estate brokerage firms

Housing Wire

Willis played a key role in the massive growth of Keller Williams between 2005-2014, when the company grew from 700 agents to 140,000 agents worldwide. These bigger firms also used their more advanced technology suites to rapidly complete virtual transactions, and — in the case of Keller Williams — recruit and train agents.

Brokerage 417