Housing Wire

JANUARY 27, 2023

California-based retail lender JVM Lending plans to drum up business this year — but by doing the exact opposite. 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.

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Lending Real Estate Agent Loan Officers Retail 418

Housing Wire

NOVEMBER 12, 2024

Wallace served as managing director at financial services firm Lehman Brothers before the company went bankrupt in 2008 following the nationwide financial crisis. Prior to Haven, Wallace served as the general manager of lending at Figure Technologies — a leading nonbank home equity line of credit lender — and as CEO of FirstKey Mortgage.

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Technology Finance Mortgage Lending 370

Housing Wire

DECEMBER 11, 2020

Yet borrowers have had limited agency in the lending process to date. FormFree, the ATP fintech led by HousingWire Tech Trendsetter Brent Chandler , is launching a blockchain-based exchange for consumers to take control of the lending process. The smart contract presents the borrower’s lending request to the exchange.

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Lending Contracts Investors Technology 435

Housing Wire

APRIL 1, 2025

Angel Oak, founded in 2008, owns mortgage originator Angel Oak Mortgage Solutions (AOMC) and asset management arm Angel Oak Capital Advisors. AOMC, which tends to lend to self-employed borrowers, has originated north of $30 billion and has issued more than 60 bond securitizations over the past decade.

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Housing Wire

APRIL 8, 2021

In fact, the recovery from the COVID pandemic is in stark contrast to that of the 2008 Great Recession. For those that have focused on purchase lending, they will see less of a drop in total volume. The post Developing a lending strategy for rising mortgage rates appeared first on HousingWire.

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Housing Wire

NOVEMBER 9, 2021

Post-2010, lending standards in America became normal again, and while I still believe they’re very liberal, they’re sane. As you can see below, when you lend to the capacity to own the debt, you should never see a rise in foreclosures or bankruptcies unless a job loss recession happens on a massive scale.

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Mortgage Lending Housing Market Marketing 529

Housing Wire

NOVEMBER 4, 2020

We are also uniquely qualified to address the influx over assets in REO once the moratorium is lifted, due to our experience during the previous crisis in 2008,” Murray said. The post VRM takes a tailored approach to servicing and lending challenges amid uncertainty appeared first on HousingWire.

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Housing Wire

JUNE 7, 2021

During the previous economic expansion from 2008 to 2019, the housing market was subject to the constant refrain of build more homes. The previous economic expansion from 2008 to 2019 was the weakest housing recovery ever. Because that period followed a housing boom and bust when inventory was overbuilt.

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Housing Wire

MAY 3, 2024

Homebuilder constraints Unlike the prelude to the 2008 housing market crash, homebuilders today face unique challenges that mitigate the risk of overbuilding. Stringent lending standards In the aftermath of the 2008 housing crisis, lax lending standards were identified as a major contributor.

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Housing Wire

MARCH 30, 2023

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. However, we aren’t going to see the credit availability collapse in the same way we did in 2008.

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Housing Market Mortgage Law Marketing 539

Housing Wire

AUGUST 2, 2021

Banks moved to ease lending standards for most mortgage loan products during the second quarter, according to a loan officer opinion survey published this week by the Federal Reserve Board. Overall, feedback from participants – 75 domestic banks and 22 U.S.

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Housing Wire

JUNE 12, 2024

For example, from 1985-2007, housing tenure was five to seven years; from 2008-2024, it grew to 11-13 years. This is the risk of late-cycle lending in the U.S., foreclosure data looks very healthy right now, especially compared to the terrible period of 2005-2008, all before the job loss recession 2008 happened.

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Housing Wire

JANUARY 27, 2025

But the bureau added that many of the touted features of home equity contracts are risky, with the CFPB comparing them to loan features that were prominent in the run-up to the 2008 housing crisis. The providers position is that its product is not a residential mortgage.

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Housing Wire

MARCH 31, 2022

We aren’t anywhere close to the housing bubble dynamics we had from 2002 to 2008; that environment is simply impossible to replicate. The speculative debt boom we saw from 2002-to 2005 can’t be repeated with the current lending standards in place. This is a good thing, it protects us well in downturns.

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Housing Market Inventory Lending Marketing 532

Housing Wire

SEPTEMBER 8, 2022

People’s first reaction was to wonder if this was 2008 all over again. Well, it isn’t 2008, but this type of loan does have risk — and it’s the risk that is traditional among all late economic cycle lending in America when the loan requires low or no downpayment. We have a much better housing ecosystem now for sure.

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Housing Wire

JUNE 9, 2021

Bank CRA obligations cover far more than their mortgage lending. IMBs have expanded because of the warehouse lending and short-term credit provided them by the nation’s depositories and because they can sell their loans into the government-guaranteed agency secondary market ( Ginnie Mae , Fannie Mae , Freddie Mac ).

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Appraisal Buzz

MARCH 3, 2025

Weve been scapegoated, slandered, and kicked to the curb by AMCs and lenders who see us as an inconvenient speedbump rather than a vital part of the lending process. During the HVCC fallout in 2008, NAR at least recognized the damage AMCs were doing to independent appraisers.

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Appraisal Modernization Real Estate Agent Business 370

Housing Wire

DECEMBER 10, 2020

But to understand the stability that the secondary market brought during a world-wide pandemic, you first have to look back at 2008. The country was in the middle of the financial crisis, as the consequences of the deceptive mortgage lending practices from all the years prior came crashing down.

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Marketing Lending Design Government 459

Housing Wire

FEBRUARY 6, 2025

The average rate throughout 2024 for 30-year fixed mortgages was 6.72% higher than it was during the 2008 market crash. Deephaven Mortgage a pioneer in non-QM lending offers loan products to serve borrowers who might not otherwise qualify for a traditional loan. Mortgage interest rates have steadily ramped up throughout 2024.

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Mortgage Training Construction Investors 328

Housing Wire

AUGUST 31, 2020

HousingWire spoke to Doug Perry, Citadel’s new managing director of Wholesale and Retail Sales, about his plans for Citadel and the current state of non-QM lending. HW: What does the demand for non-QM lending look like now following the sector’s pause earlier this year? Underlying demand for non-QM lending products remains strong.

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Lending Retail Housing Market Home Improvement 397

Housing Wire

OCTOBER 31, 2022

Both these laws paved the way for more responsible lending and a more responsible consumer. Then we saw an uptick in people filing for foreclosures and bankruptcy during an economic expansion from 2005 to 2008. All my six recession red flags were raised toward the end of 2006, and the recession didn’t start until later in 2008.

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Housing Wire

JULY 29, 2024

From tweaks in consumer protection laws to new lending standards and disclosure requirements, the goal is always to foster a clearer and fairer lending process. For example, ongoing updates to the Qualifying Mortgage Rule, which has been rewritten twice and may see another revision soon, have significantly shaped lending practices.

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Mortgage Law Lending Training 455

Housing Wire

MARCH 7, 2024

But major financial institutions have opposed the proposal, decrying its adverse effects on lending activities. Since the aftermath of the 2008 financial crisis, depository lenders have gradually retreated from the residential mortgage sector due to escalating capital costs and diminished profitability.

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Lending Mortgage Finance Marketing 448

Housing Wire

NOVEMBER 7, 2022

Industry veterans Alim Kassam, Brian O’Shaughnessy and Kevin O’Shaughnessy founded Athas Capital Group and its in-house financing arm Rama Capital when the financial crisis hit the country in 2008. Since 2008, it has funded over 14,000 loans, reaching $5.5 billion in volume and becoming a top 10 non-QM originator.

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Lending Investors Business Mortgage 459

Housing Wire

NOVEMBER 10, 2022

Altogether, the last time the Fed hammered inflation with a rise in lending rates, housing sales fell 49% from the peak in 1978 to the trough of 1982 before bouncing upward by 39% in 1983 over 1982’s low. from 2007 to 2008. from 2008 to 2009. in unit sales from the peak of 2005 to the trough of 2008. They fell by 25.3%

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Mortgage Housing Market Lending Finance 493

Appraisal Buzz

FEBRUARY 11, 2025

Michael Gevurtz, CEO and Founder, Bluebird Lending This article originally appeared in the February 2025 edition of MortgagePoint magazine, online now. We were in a slow recovery from the 2008 great recession, and lenders were still hesitant to commit to projects.

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Real Estate Finance Development Investing 269

Housing Wire

DECEMBER 7, 2023

Since the 2008 housing crisis , there have been significant changes that prompted the Treasury to place Fannie Mae and Freddie Mac under conservatorship. In fact, this was never the route intended by Congress when it passed HERA in 2008. So how do we get there?

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Tools Development Mortgage Law 545

Housing Wire

NOVEMBER 24, 2021

During the past decade, as CRA-regulated banks withdrew from home mortgage lending, IMBs stepped up to become the dominant source of mortgage loans, doing a much better job than banks of lending to underserved borrowers [See CHLA’s 2021 IMB Report ]. CRA for IMBs is a solution in search of a problem. So what could have an impact?

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Advertising Lending Mortgage Law 435

Housing Wire

FEBRUARY 7, 2024

In his new role, Hardiman will lead its lending and fulfillment operations. Hardiman first joined Embrace Home Loans in 2008 as a project manager, the news release stated. Independent mortgage lender Embrace Home Loans has promoted Ryan “Buddy” Hardiman to the position of president, the company announced on Wednesday.

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Project Management Retail Lending Loan Officers 435

Housing Wire

DECEMBER 2, 2020

Sure, new online lending operations like SoFi, Better and a handful of others are taking advantage of their lack of traditional infrastructure. Digital lending is easier for companies that were born in the cloud. The cloud has helped to accelerate online and virtual processes extending into every step of the lending process.

Mortgage 434

Mortgage Lending Modernization Technology 434

Housing Wire

JULY 1, 2024

Banks have largely retreated from mortgage lending since the 2008 Housing Crisis — an issue which the SVB borrower short/lend long risks are further exacerbating. CHLA might also point out that banks do not exactly have the best track record in terms of second mortgage lending.

Mortgage 448

Mortgage Lending Finance Marketing 448

Housing Wire

AUGUST 30, 2022

“Rolling a VOA/IE option into the electronic signing experience within Solex provides our clients with a valuable opportunity to compress loan cycle times at a critical milestone in the lending process,” Emily Shapiro, president of Docutech, said in a prepared statement. . trillion in 2022 from the previous year, according to Fannie Mae.

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Retail Lending Mortgage Clients 418

Housing Wire

NOVEMBER 29, 2022

“Despite decades of government intervention and the growth of high-priced consultancies devoted to fair lending practices, there is clearly much work to be done,” said FairPlay CEO and report co-author Kareem Saleh. . HDMA data on Hispanic applicants only dates back to 2008. in 2021 from 77.7%

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Lending Government Mortgage Valuation 370

Housing Wire

JULY 22, 2022

He added Crawford’s “depth of executive experience, including lending expertise, will be an excellent addition” to the board. Founded in 2008, Live Oak Bank has a digital, cloud-based bank serving small business owners in all 50 states.

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Loan Officers Retail Lending Mortgage 397

Housing Wire

FEBRUARY 26, 2025

Other nuts and bolts issues regarding loan mechanics were similarly enlightening, they said, with particular attention to understanding how the credit assessment is completed, how the lenders and lending officers work, and how they do business development. The industry in Australia and New Zealand is also much younger than it is in the U.S.

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Mortgage Government Development Business 314

Eyes on Housing

SEPTEMBER 3, 2021

of new home sales in the second quarter of 2021—the largest share since the beginning of the Great Recession in 2008. NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the U.S. Census Bureau reveals that conventional loans financed 76.3% The share of sales backed by conventional loans in Q2 2021 increased 5.1

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Finance Lending Marketing Mortgage 167

Housing Wire

NOVEMBER 1, 2023

As borrowers reel from the sticker shock of conventional mortgages , lenders could see a surge of demand for alternative lending products, such as adjustable-rate mortgages (ARMs), for the first time since the financial crisis. Avoid the dreaded info dump, where lending products display on an endless scroll with intimidating blocks of text.

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Lending Loan Officers Mortgage Development 435