Housing Wire

JANUARY 27, 2023

After the 2008 mortgage meltdown, JVM let go of all its loan originators and trained its employees to target the jumbo loan market in the San Francisco Bay area instead. Under the revamped mode, business development officers build relationships with real estate agents to get leads and client advisors take incoming leads from borrowers.

Lending 418

Lending Real Estate Agent Loan Officers Retail 418

Housing Wire

DECEMBER 11, 2020

Had a blockchain like FormFree’s been in place in the early days of the COVID-19 pandemic, it could have helped avert future lender losses and credit issues, according to Faith Schwartz, who led the HOPE NOW alliance during the 2008 crisis. The smart contract presents the borrower’s lending request to the exchange.

Lending 435

Lending Contracts Investors Technology 435

Housing Wire

MAY 18, 2024

The moves haven’t been significant and our weekly pending contracts data picked up this week. Compare this level to 2008-2012 when this data line ran between 250,000 and 400,000 per week: clearly we aren’t seeing any considerable national-scale stress in this data line.

New Listings 501

New Listings Inventory Mortgage Contracts 501

Housing Wire

OCTOBER 28, 2021

The Community Home Lenders Association (CHLA), which represents small and mid-size independent mortgage bankers (IMBs), applauds these developments, and we just submitted comment letters on equitable housing and housing goals on how to build on this. Of course, Fannie and Freddie need sound underwriting requirements.

Mortgage 487

Mortgage Contracts Insurance Realtors 487

Appraisal Buzz

AUGUST 1, 2022

When reading contracts, words will always have their ordinary meaning unless defined otherwise. a rule in statute or contract interpretation: when the language is unambiguous and clear on its face the meaning of the statute or contract must be determined from the language of the statute or contract and not from extrinsic evidence [i].

Valuation 360

Valuation Appraisal Contracts Legal 360

Cleveland Appraisal Blog

OCTOBER 14, 2021

Others have expressed concerns that we are headed for a housing crash, like in 2008. Let’s talk about the difference between today’s market and the one during the years leading up to the bursting of the housing bubble in the Great Recession of 2008. THE RISE IN HOME PRICES IN THE YEARS LEADING TO 2008.

Inventory 243

Inventory Market Value Appraisal Contracts 243

Housing Wire

MARCH 15, 2023

” The MBA survey shows that the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) was 6.71% last week, down from the previous week’s 6.79%. It was the biggest bank failure since Washington Mutual collapsed in 2008.

Mortgage 370

Mortgage Retail Clients Contracts 370

Housing Wire

APRIL 7, 2023

compared to the week prior and the average contract interest rate for 30-year fixed-rate mortgages with loan balances of $726,200 or less, decreased from 6.48% to 6.45%. An opportunity for commercial real estate investors and developers? Let’s keep the 2008 market where it belongs — in the past. What does this sound like to you?

Retail 418

Retail Real Estate Clients Modernization 418

Housing Wire

NOVEMBER 18, 2022

In 2008, membership was again expanded by Congress to include Community Development Financial Institutions (CDFIs), and finally, in 2015, to include non-federally insured credit unions. When the FHLB Act was adopted in 1932, membership was limited to mortgage lenders (e.g., Short-term advances are not so restricted.

Legal 370

Legal Law Insurance Finance 370

Housing Wire

MARCH 7, 2022

Before starting Propy, Karayaneva ran a real estate investment firm in Bulgaria for 15 years and earned a master’s degree at the University of Oxford in sustainable urban development. between signing a contract to buy a home and purchase closing is 50 days, according to a September 2021 report from ICE Mortgage Technology.

Real Estate 501

Real Estate Law Inspection Agents 501

Appraisal Today

NOVEMBER 1, 2024

The Wall Street Down graphic above is for the 2008 crash. Using the subject as a comp – When and Why, By Timothy Andersen, MAI AMC history helps understand how they changed over the years, most significantly after 2008. In my opinion, this definitely increases risk for consumers, GSEs, the economy and the real estate market.

Appraisal 91

Appraisal Training Contracts Mortgage 91

Appraisal Buzz

JUNE 21, 2024

Ryan McGuinness serves as a Mortgage Servicing Policy Director in Freddie Mac’s Single-Family Servicing Division, responsible for recommending, developing, communicating, implementing, and monitoring servicing policies and requirements. He is additionally responsible for the REO portfolio and the associated contract.

Law 195

Law Property Management Technology Legal 195

Housing Wire

DECEMBER 20, 2022

After record sales in 2021, demand for new construction waned throughout 2022 as the Federal Reserve raised interest rates cutting into home buyer’s purchase power and making financing new development projects even more costly for builders. All of this has resulted in a nosedive in homebuilder sentiment.

Supply Chain 397

Supply Chain Construction Inventory Finance 397

Cleveland Appraisal Blog

MARCH 18, 2021

Therefore, my opinion of value was in the mid-sixties, which was far below the contract price. What if my appraisal report, mysteriously came in at the same price as the contract price? . I saw this exact same scenario play out in the years leading up to 2008. We develop our opinions on facts, not feelings.

Appraisal 195

Appraisal Investors Market Value Contracts 195

Appraisal Today

FEBRUARY 28, 2025

———————————————— On Staying Current By Timothy Andersen, MAI Excerpts: In this monograph, we discuss the absolute necessity of developing more than one skill set as part of becoming a competent and professional real estate appraiser.

Appraisal 56

Appraisal Real Estate Contracts Training 56

Simonson Real Estate

JANUARY 25, 2022

Some are seeing significant capital contraction in rent control markets. Rent control measures directly impact development and value-add. Since 2008, the average has fallen to 1,077 permits per year. Took COVID to push inflationary pressures even higher. Rent control creates another risk factor for lenders.

Marketing 131

Marketing Construction Real Estate Lending 131

Lamacchia Realty

JANUARY 25, 2024

The real estate landscape witnessed significant developments in 2023, as the New Hampshire market saw a historic low in listings. Pending Sales Decreased by 13% With the exception of 2008, 2023 concluded with the fewest pending sales since 2000. 2023 Real Estate Performance Highlights The number of homes sold decreased by 18.9%

Inventory 72

Inventory Sellers Buyers Contracts 72

Birmingham Appraisal

MARCH 21, 2023

Since the housing crash in 2008, there has been limited new construction of homes which has negatively impacted the amount of housing supply. The contract price of many homes was much more than their original list price due to bidding wars from desperate buyers. Impact on Interest Rates Interest rates can also impact property values.

Real Estate 91

Real Estate Appraisal Marketing Market Value 91

Lamacchia Realty

JUNE 10, 2022

The informed consumer should not be misled into thinking that this means we’re going to endure a major housing correction or 2008-like scenario. The book of mortgages that have been written in the last 10 years are the strongest book of mortgages in any single decade ever and the opposite was the case leading up to 2008.

Marketing 69

Marketing Sellers Buyers Inventory 69

Portland Appraisal Blog

AUGUST 3, 2019

The data export was checked, validated, and scrubbed of obvious errors using custom tools developed by the author. Finally, the “CtL” label stands for “contract-to-list” ratio. As of this post date, there are more properties waiting for offers than are under contract. Data was pulled from the year 2000 to the July 2019.

Architecture 78

Architecture Contracts Marketing Advertising 78

Appraisal Today

JUNE 17, 2022

It did not even though many lots nearby were developed. NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. Today is NOT the same as 2008+, with its massive fraudulent loans made to unqualified buyers.

Appraisal 52

Appraisal Contracts Real Estate Mortgage 52

McKissock

DECEMBER 4, 2020

Developing an appraisal specialty is a great way to grow your business and stay competitive in the industry. Experience as a contract review appraiser quickly revealed when appraisal research was lacking. Appraisers need to be up to speed more so than in the crash of 2008 when values fell.

Appraisal 66

Appraisal Property Appraisal Valuation Luxury Properties 66

Appraisal Today

SEPTEMBER 13, 2024

My area is almost fully developed, so I did not lose much work. 77 acre lot, built in 2008 Willow Creek Estate, known as the Wellington of the West, seamlessly blends the tranquility of the countryside with the vibrant allure of coastal living. The average contract interest rate for 15-year fixed-rate mortgages decreased to 5.71

Construction 79

Construction Appraisal Contracts Mortgage 79

Appraisal Today

AUGUST 4, 2023

Once the site was chosen, Bercy and Chen developed a plan to break the 3,000-square-foot house into three main volumes. However, the Federal Reserve’s ability to tackle rising housing costs is constrained by the scarcity of affordable supply and escalating development costs. Humans, including appraisers, don’t like change.

Appraisal 80

Appraisal Business Contracts Real Estate 80

Appraisal Today

JUNE 21, 2024

Developed over time with the guidance of prominent designer John Saladino initially and then later with the legendary architect Peter Marino who reimagined the structure back in 2005 and oversaw a 10,000 square foot addition to the house. It tells us more about the trend one month ago when the property got into contract.

Appraisal 78

Appraisal Architecture Contracts Design 78

Appraisal Today

OCTOBER 20, 2023

million 3 bedrooms, 2 baths, 2,281 sq.ft, built in 2008, 21.23 The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 7.70 The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $726,200) decreased to 7.56

Appraisal 80

Appraisal Design Contracts Inspection 80

Appraisal Today

JULY 12, 2024

Expertise Professionals strive for proficiency in their field, continually enhancing their knowledge through education, webinars and personal development efforts. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased to 7.00 percent from 7.03 percent from 7.11

Appraisal 75

Appraisal Design Contracts Business 75

Appraisal Today

MAY 10, 2024

These policies were the result of a collaborative effort between the GSEs, the Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA). In more recent downturns, such as during the 2008 recession, many foreclosures were due to bad lending. Humans, including appraisers, don’t like change.

Reconsideration of Value 82

Reconsideration of Value Appraisal Real Estate Insurance 82

Appraisal Today

DECEMBER 2, 2022

After graduation he worked for USAA in Real Estate Development. Doing a national appraisal conference during the 2008 crash was risky but very much needed by appraisers. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 6.49 George had a Ph.D.

Appraisal 89

Appraisal Agents Real Estate Real Estate Agent 89

Appraisal Today

JANUARY 4, 2023

The BPS places new homes built in one of four development categories. In addition to “teardown” and “infill,” the categories include “new residential development” and ”not in a residential development.” Homes built in a new residential development are by far the most common type. Another 18.5 My comments: Worth reading.

Appraisal 52

Appraisal Contracts Business Development 52

Appraisal Today

MARCH 15, 2024

It involves analyzing data collected in mass quantities, developing statistics from the data, and applying the results to value properties. In previous downturns, such as during the 2008 recession, there were many foreclosures due to bad lending. The average contract interest rate for 15-year fixed-rate mortgages decreased to 6.37

Appraisal 77

Appraisal Inspection Modernization Business 77

Appraisal Today

MAY 12, 2023

If not working use this link [link] An oldie from 2008 but a goodie ;> A blast from the past, pre-HVCC!! Remember what it was like during the crash after 2008, when there were very few loans, and appraisal volume severely declined? The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.41

Appraisal 52

Appraisal Architecture Business Contracts 52

Appraisal Today

AUGUST 12, 2022

They have gone downhill since 2008. The data illustrating the turn are based on fresh methodology developed by the American Enterprise Institute’s Housing Center. This is a new development, as federal investigations had so far exclusively been by HUD. The average contract interest rate for 5/1 ARMs increased to 4.60

Appraisal 52

Appraisal Contracts Mortgage Valuation 52

Will Springer Realtor

OCTOBER 15, 2024

The recent development of lower mortgage rates coupled with increasing inventory is a powerful combination that will provide the environment for sales to move higher in future months,” Lawrence Yun, chief economist for the National Association of Realtors® said in September. After the Fed rate cut, mortgage applications jumped 9% in a week.

Housing Market 68

Housing Market Marketing Construction Buyers 68

Appraisal Today

FEBRUARY 17, 2023

Remember around 2008 when some AMCs went out of business owing appraisers lots of money? == Getting too many ad-only emails? It means always looking for the truth, being open to other ways of looking at problems, defining the problem, developing hypotheses, being objective, etc. percent from 6.18 percent, with points increasing to 0.70

Real Estate Agent 52

Real Estate Agent Real Estate Appraisal Agents 52

Appraisal Today

SEPTEMBER 30, 2022

in 2007-2008, few appraisers used them. However, while geographic proximity does not equal competency, proximity is advantageous for developing competency. percent, its highest level since mid-2008. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 6.17 Excerpts: The 1.76-acre

Appraisal 52

Appraisal Inspection Easement Contracts 52

Will Springer Realtor

JANUARY 11, 2023

Homes going under contract (Pending sales) dropped 25% from the previous month and 30% year-on-year (YoY) – staggering drop-offs. The number of Pendings (1206) has fallen for five consecutive months and is the lowest of any month since December 2008 (1167).

Housing Market 36

Housing Market Architecture Contracts Buyers 36