Housing Wire

OCTOBER 5, 2023

Like a slow-motion train wreck at first, it is now definitively off the rails and heading over a cliff. in 2008 and 2009. Lax lending standards and cheap credit, plus a popular belief that real estate values never decline, created a massive bubble. Following a pattern eerily similar to the U.S.

Real Estate 459

Real Estate Housing Market Marketing Investors 459

Housing Wire

AUGUST 7, 2020

In today’s low-rate environment, wholesale mortgage lending continues to grow, making up more than 20% market share. Nichols pointed out that after the 2008 financial crisis, wholesale lending began using technology that helped match pace with the processes of retail lenders.

Retail 370

Retail Mortgage Loan Officers Marketing 370

Housing Wire

SEPTEMBER 20, 2022

The housing industry is much more regulated in a post housing crisis era, and ARMs may not be utilized as they were pre-2008. There’s an opportunity here for risk and QC teams to encourage trust in the lending space through strong processes and review. That could help increase the number of potential borrowers and more lending.

Marketing 370

Marketing Training Clients Technology 370

Housing Wire

AUGUST 30, 2022

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. Nor can we ever have a credit sales boom again with lending standards back to normal.

Inventory 397

Inventory New Listings Law Housing Market 397

Housing Wire

NOVEMBER 23, 2021

To run the hub, the company hired Casey Nunn, a former Rocket Mortgage and Homepoint executive, as the vice president of wholesale lending. Interfirst was founded in 2001 as a retail originator and then expanded to the wholesale channel and the correspondent channel in 2008 and 2011, respectively.

Mortgage 397

Mortgage Loan Officers Retail Technology 397

Housing Wire

FEBRUARY 10, 2022

Per regulations put into place by the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (“SAFE Act”) and enforced by the Nationwide Mortgage Licensing System and Registry , every loan officer must spend an average of eight hours on an annual basis to recertify their national license.

Loan Officers 397

Loan Officers Law Training Lending 397

Housing Wire

SEPTEMBER 28, 2023

The mortgage lending industry exists to make home loans, not to repossess them. The 2008 housing crisis happened 15 years ago. They should also be on top of other compliance considerations such as oversight, training, staffing recommendations and, above all, documenting everything. Nor should it be.

Legal 448

Legal Training Real Estate Business 448

Housing Wire

AUGUST 25, 2022

The obvious starting place for nonbank lenders looking to capture volume is in jumbo lending, executives and analysts said. Time and training. “We spend a lot of effort on training internal loan officers and our brokers to educate about products,” Cook said. ” Just a little less vanilla.

Mortgage 418

Mortgage Loan Officers Finance Investors 418

Housing Wire

NOVEMBER 10, 2022

The layoffs impacted both the retail and wholesale channel and their positions following a training period of overseas staff, according to multiple sources. According to one source with knowledge of the jobs cut decision, the positions on the Maryland and Iowa WARN notices included home lending roles and some other businesses.

Mortgage 370

Mortgage Loan Officers Lending Business 370

Housing Wire

JUNE 27, 2022

“You’re going to start to see the housing market price a lot of people out, which means there’s going to be fewer loans out there to be done, which means you’re going to probably see a lot of people starting to exit,” said Coley Carden, vice president of residential lending at Winchester Co-Operative Bank.

Housing Market 468

Housing Market Marketing Brokerage Real Estate 468

Housing Wire

JUNE 28, 2021

But DeZarn was an independent contractor business of one, and he lost his clients in 2008 when the housing market imploded. In 2008, the state attorney’s general office of New York — led at the time by current Empire State governor Andrew Cuomo — launched an investigation into compromised appraiser reports. “It fit well.

Appraisal 435

Appraisal Valuation Business Contracts 435

Genworth MI Blog

MAY 28, 2020

In this article, I will challenge conventional stereotypes and encourage you to explore manufactured housing as an emerging lending opportunity, positioned ideally for those savvy enough to see with different eyes. In 2008, Congress passed the Housing and Economic Reform Act. A Duty to Serve.

Construction 148

Construction Loan Officers Training Lending 148

Genworth MI Blog

NOVEMBER 29, 2018

Recently, the rural housing landscape has sparked discussion about its lending, affordable housing availability, housing shortages and outreach to underserved demographics. In 2008, Congress passed the Housing and Economic Reform Act. Training is a primary vehicle to deliver this success. Underwriting Training.

Appraisal 78

Appraisal Marketing Training Bracketing 78

Genworth MI Blog

NOVEMBER 29, 2018

Recently, the rural housing landscape has sparked discussion about its lending, affordable housing availability, housing shortages and outreach to underserved demographics. In 2008, Congress passed the Housing and Economic Reform Act. Training is a primary vehicle to deliver this success. Underwriting Training.

Appraisal 78

Appraisal Marketing Training Bracketing 78

Genworth MI Blog

MAY 28, 2020

In this article, I will challenge conventional stereotypes and encourage you to explore manufactured housing as an emerging lending opportunity, positioned ideally for those savvy enough to see with different eyes. In 2008, Congress passed the Housing and Economic Reform Act. A Duty to Serve.

Construction 78

Construction Loan Officers Training Lending 78

Appraisal Today

DECEMBER 27, 2024

That’s how I was trained. Remember what it was like during the crash after 2008, when there were very few loans and appraisal volume severely declined? Mortgage lending is very, very cyclical. Somehow lender appraisers got the idea that they could not make them or they would lose the client. Those who adapt survive.

Appraisal 83

Appraisal Business Design Mortgage 83

Appraisal Today

JULY 12, 2024

I was first trained as a scientist, starting with my high school biology class. I have always been a professional appraiser since I started in 1975, trained at an assessor’s office to do what is in this article. What about a degree in another field that did not include any appraisal-related training? I got it for MLS access.

Appraisal 75

Appraisal Design Contracts Business 75

Appraisal Today

JUNE 21, 2024

The growth of AMCs in the wake of the 2008 financial crisis was driven by the misguided belief that they could help “ensure the integrity and independence” of property valuations. A University of Texas-trained lawyer and activist called Zixta Q.

Appraisal 78

Appraisal Architecture Contracts Design 78

Appraisal Today

MAY 26, 2023

The fraud started in 2008, one year after Roberts became a licensed appraiser, according to court documents and statements. From 2008 to 2019, Roberts fraudulently inflated the value of at least 18 different easements by violating industry norms and making false statements. AI has to be trained on good data.

Easement 52

Easement Contracts Appraisal Inspection 52

AmeriMac

MARCH 15, 2024

The concept of AMCs was developed in the 1970s but didn’t gain widespread use until after the financial crisis in 2007-2008. The Appraisal Process Explained The appraisal process is a crucial step in determining the value of a property for various purposes, including mortgage lending.

Appraisal 36

Appraisal Appraisal Process Valuation Real Estate 36

Appraisal Today

FEBRUARY 17, 2023

To read more click here My comment : Take a break and scroll down the list to see some great photos! == Staff Layoffs at AMCs By Dave Towne Excerpts: Appraisers, it’s not ‘just us’ who have taken the slowdown in lending “in the shorts.” My many years of scientific training, including the scientific method, make me a better appraiser.

Real Estate Agent 52

Real Estate Agent Real Estate Appraisal Agents 52

Appraisal Today

MAY 19, 2023

Some AMCs may use appraisers for data collection at a reasonable fee instead of Uber drivers with 3 weeks of training. Appraisal Business Tips from Ann O’Rourke Why is the residential lender business so slow now, as compared with 2008? There were a lot of foreclosure appraisals starting in 2008. Now, AMCs dominate.

Appraisal 52

Appraisal Business Contracts Real Estate 52

Housing Wire

OCTOBER 24, 2024

Trained counselors can bring much-needed clarity to a complex process, even when customers are dealing with a highly competent realtor or loan officer. The Biden First-Time Homebuyer Act of 2021 is a bill that aimed to revive a 2008 tax credit that expired. The Downpayment Toward Equity Act (H.R.

Training 435

Training Mortgage Reconsideration of Value Architecture 435

Appraisal Today

FEBRUARY 24, 2023

Even the larger appraisal firms (with deep pockets) who’ve spent the last few years aggressively training and recruiting appraisers, acquiring small appraisal firms, and rolling up their competitors have rapidly changed their tone. AMCs had taken over the mortgage-lending work. Budget cuts. Retraction.

Appraisal 52

Appraisal Architecture Valuation Business 52

Housing Wire

FEBRUARY 10, 2021

After the 2008 financial crisis, regulators enhanced long-standing fair lending examination guidelines to incorporate the concept of fair servicing. Servicers with sufficient account volume may also benefit from conducting fair lending statistical analytics regarding assistance and loss mitigation outcomes. Biden Means Business.

Law 448

Law Lending Training Investors 448

Appraisal Today

NOVEMBER 22, 2024

Newz: New URAR Training, “Death Stairs”, Catastrophe and Climate Risk November 22, 2024 What’s in This Newsletter (In Order, Scroll Down) LIA Buyer says value too high The Rise of the ‘Death Stairs’! As appraisers we are trained to look at the past (comps). Mortgage lending is very, very cyclical.

Appraisal 89

Appraisal Training Contracts Mortgage 89

Appraisal Today

MARCH 28, 2025

But our training must govern here and force us to ask the question, Does this adjustment protocol reflect current market verities? Using only an annual increase (Like most of us were trained to do) is not very accurate. Mortgage lending is very, very cyclical. times 42-days or $5,523. This rationale is mathematically correct.

Appraisal 61

Appraisal Contracts Business Reconsideration of Value 61