Housing Wire

JULY 29, 2024

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 455

Mortgage Law Lending Training 455

Housing Wire

JANUARY 4, 2023

BRENT CHANDLER: FormFree’s commitment to the American Red Cross stems back to its founding in 2008 when we began supporting the nonprofit through participation in blood drives, food drives and fundraisers. How has the event grown or changed over time? What accomplishments are you most proud of?

Training 514

Training Technology Mortgage 514

Housing Wire

JANUARY 7, 2021

“I think there was an element of 2008 that helped accelerate online real estate, at least on the search side and people’s dependability on it to adopt to change,” Black said. “I Home Swap is offered exclusively through local real estate professionals who have been trained as Knock Certified Agents.

Marketing 397

Marketing Real Estate Training Agents 397

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. Case in point, purchase application data is already below 2008 levels today.

Inventory 397

Inventory New Listings Law Housing Market 397

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. The real estate market in China, both commercial and residential, have been unwinding over the last few years. Following a pattern eerily similar to the U.S.

Real Estate 459

Real Estate Housing Market Marketing Investors 459

Housing Wire

NOVEMBER 4, 2020

Provide supplier training and education about sustaining through the crisis, or messaging around their requirements. “We 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.

Lending 394

Lending Clients Investors Training 394

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. Back in the 2007-2009 meltdown, we had loan officers with us at that time.

Lending 418

Lending Real Estate Agent Loan Officers Retail 418

Housing Wire

MARCH 30, 2023

The 2008 LOI were revised in 2012, and in December 2017, FHFA issued another revision to the LOI that was effective in early 2018. In addition, the OIG determined “several instances in which FHFA’s conservatorship decision policy and procedures did not align with FHFA’s current practices or lacked clarity,” the report states.

Training 417

Training Government Finance 417

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. We believe in enterprise loan quality, which includes the lender, technology, and a trained third-party, like QC Ally. Fannie Mae introduced the QC Calibrations in their Seller’s Guide on June 22, 2022.

Marketing 370

Marketing Training Clients Technology 370

Housing Wire

DECEMBER 16, 2021

From 2008-2019, my premise for housing was that we would see the weakest housing recovery ever and that housing starts wouldn’t start a year at 1.5 We are finally here on schedule, which means that the low bar that housing enjoyed from 2008-2019 is also gone. million or higher until 2020-2024, when demand finally warrants it.

Training 523

Training Construction Investing Mortgage 523

Housing Wire

AUGUST 3, 2022

Some closed in 2008 crash. My company chose them for the chopping block for valid and financially solid reasons — management changes and choices (good or bad), pricing, market, fear, plans that didn’t work, training, etc. The salary, raises, increased certification, human resources, training and more can be handled by the contractor.

Mortgage 418

Mortgage Human Resources Contracts Training 418

Housing Wire

NOVEMBER 23, 2021

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. In 2017, after years of plummeting volumes, the company, led by CEO Dmitry Godin, decided to shutter its business, only to relaunch in 2020.

Mortgage 397

Mortgage Loan Officers Retail Technology 397

Housing Wire

JUNE 28, 2024

CC: You mentioned models are trained off of public data. Are there two different AI marketplaces that are emerging — like models that are trained around proprietary or in-house datasets versus models that are trained around publicly available information on the internet? It’s just that kind of time.

Training 396

Training Technology Human Resources Business 396

Housing Wire

FEBRUARY 14, 2023

Looking back, 2008 was a great “practice run” for a changing market and I have worked hard to eliminate debt and ensure that I am financially ready to ride whatever the new market brings our way!! I love to teach and train, motivate and inspire. Inspiring and educating others has also been part of my journey.

Marketing 370

Marketing Real Estate Training Agents 370

Housing Wire

JUNE 5, 2023

Up until the financial crisis in 2008, mortgage brokers held nearly 50% market share. From marketing and product offerings to training and technology, there are many resources that originators can take advantage of as independent mortgage brokers. HW: How has wholesale changed over the past 2–3 years?

Mortgage 370

Mortgage Retail Lending Loan Officers 370

Housing Wire

MAY 25, 2023

Additionally, because HECM /Reverse for Purchase did not exist until late 2008, many don’t fully understand the value propositions the product poses. “We “Now add the Reverse for Purchase product to the mix and you have a niche within a niche; that can make it even harder to break through.”

Loan Officers 418

Loan Officers Real Estate Agent Real Estate Finance 418

Housing Wire

AUGUST 7, 2020

Nichols pointed out that after the 2008 financial crisis, wholesale lending began using technology that helped match pace with the processes of retail lenders. Kortas said he actually trains his competition and his licensing team helps loan officers get licenses because that will make the environment stronger in the long run.

Retail 370

Retail Mortgage Loan Officers Marketing 370

Housing Wire

APRIL 18, 2024

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

Investors Technology Training Mortgage 448

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 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. It’s harder, more expensive and more time-consuming to foreclose on a defaulted mortgage today than ever before.

Legal 448

Legal Training Real Estate Business 448

Housing Wire

SEPTEMBER 22, 2023

When the stock market hit in 2008, I went to my financial advisor and told him to take out all my money. I started TM5 with no broker help, no training or anything. TM: I had to rebuild myself mentally, spiritually and physically. I was in a transition, thinking, “What am I going to do with my life?” billion in sales in eight years.

Real Estate 435

Real Estate Business Real Estate Agent Investing 435

Housing Wire

DECEMBER 28, 2023

This is a lot different than 2008 where you needed a credit score and a heartbeat to get a mortgage. Nurturing referral partners, training agents Mortgage origination volume for 2023 are expected at around $1.64 Now, you need to be very qualified in order to get a mortgage,” he said. About 80% of that figure, or $1.32

Business 459

Business Mortgage Loan Officers Inventory 459

Housing Wire

NOVEMBER 11, 2022

What we are experiencing right now is absolutely not a 2008 scenario. I trained vocally for 12 years and had big dreams. I enjoyed Aaron’s approach in communicating to panic-stricken originators. Those of us that have been around long enough have a touch of PTSD from the “Implode-O-Meter” days.

Marketing 74

Marketing Clients Modernization Mortgage 74

Housing Wire

MAY 10, 2022

Rising rates slowed the rate-term refinance train in the fourth quarter of last year, according to the CoreLogic report, moving the market toward purchase loans — and increased mortgage-fraud risks. CoreLogic’s most recent quarterly fraud report showed that its Application Fraud Risk Index jumped by 10.4% year over year as of April and 36.4%

Mortgage 418

Mortgage Marketing Finance Insurance 418

Housing Wire

JUNE 27, 2022

In our efforts to meet demand, we grew the team faster than we could train, support and develop everyone to meet the demands of changing roles and processes,” founder and CEO Guy Gal said in a written statement. More than 10,000 industry jobs likely have already been shed during the past year, analysts told HousingWire.

Housing Market 468

Housing Market Marketing Brokerage Real Estate 468

Appraiserblogs

AUGUST 18, 2022

Valuation Jiu-Jitsu Will Lead to Future Addie Polks Addie Polk was a 91-year-old African-American widow who shot herself in the chest in 2008 during a Fannie Mae-initiated eviction in Akron, Ohio. Amrock Mandatory Diversity Training An appraiser shared the following with us. There are now signs of new abuses. Only Blacks Need Apply.

Training 115

Training Valuation Appraisal Mortgage 115

Housing Wire

AUGUST 25, 2022

.” Lenders are making a play with jumbo adjustable-rate mortgages (ARM), a product that has made a comeback after falling out of favor due to their role in the housing crash of 2008 and a decade-plus of fixed-rate mortgages under 5%. Time and training.

Mortgage 418

Mortgage Loan Officers Finance Investors 418

Appraisal Buzz

JUNE 12, 2024

The company—was established “to provide portfolio managers with reliable and high-quality outsourcing services to manage their REO assets”—launched just before the 2007-2008 financial crisis, a time when REO inventories were abundant as the nation navigated wide-spread foreclosures, bank collapses, and economic strife.

Training 221

Training Business Human Resources Appraisal 221

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. Early 2025 Appraiser training starts. Subpoenas for a large number of appraisal documents – what to do.

Appraisal 91

Appraisal Training Contracts Mortgage 91

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

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. It’s painful for the 150,000 [or so people that are going to lose their jobs],” he said, “but it’s … not an existential meltdown like we had in 2008.”.

Mortgage 370

Mortgage Loan Officers Lending Business 370

Appraisal Buzz

AUGUST 20, 2024

Bron also has a strong focus on cross-training team members to understand how every aspect of the business works, which also increases opportunities for employees to move both up and laterally throughout Bron’s structure. We’re going to train you in the basics, but we need you to be able to move around.” It’s my box.’

HOA 221

HOA Clients Training Business 221

Genworth MI Blog

MAY 28, 2020

In 2008, Congress passed the Housing and Economic Reform Act. Underwriter/risk training – examine whether your staff has sufficient awareness and training on manufactured housing. A Duty to Serve. Affordable housing has been of interest to our representatives in Washington for some time.

Construction 148

Construction Loan Officers Training Lending 148

Lamacchia Realty

JANUARY 14, 2022

The agents tune into weekly training either in person or remotely, apply what they learn, and opt into the numerous services Lamacchia Realty provides, and it shows. training ,? I mean just look at those numbers! I look forward to seeing where 2022 takes us. Meghan Gulbicki. Worcester Office Manager. Lamacchia Realty’s?

Realty 74

Realty Realtors Training Brokerage 74

Appraisal Buzz

OCTOBER 24, 2024

The real-time pace of change in markets, regulations, and customer expectations has shoved mortgage servicers into the same shifts that originators faced after the 2008 housing crisis. In-person, hands-on training (HOT) instantly boosts our customers’ effectiveness because we cover topics that are relevant to their specific workflow.

Technology 195

Technology Business Training Law 195

Appraisal Partners Blog

OCTOBER 28, 2019

Significant repairs were made in 2008 & 2009 to the exterior of the home, but the interior remains in disrepair. Due to the current condition of the home, it was placed on the Ten Most Endangered Historic Properties list from 2008 – 2011. James Collier Marshall was a pioneer and entrepreneur.

Real Estate Agent 78

Real Estate Agent Appraisal Real Estate Training 78

Genworth MI Blog

NOVEMBER 29, 2018

In 2008, Congress passed the Housing and Economic Reform Act. Training is a primary vehicle to deliver this success. Underwriting Training. Training is accomplished by using examples of acceptable rural appraisals as training tools for underwriters. Never miss a post again!

Appraisal 78

Appraisal Marketing Training Bracketing 78