Housing Wire

SEPTEMBER 3, 2024

Palim joined Fannie Mae in December 2009 and was promoted to deputy chief economist in July 2016, according to his LinkedIn profile. Duncan joined Fannie Mae after a 15-year stint as an economist at the Mortgage Bankers Association (MBA). He will assist with the transition and will leave Fannie on Dec.

Government 434

Government Mortgage Marketing Finance 434

Housing Wire

JULY 2, 2024

She previously served at Fannie Mae in multiple roles from 1997 to 2009, including stints as director of the offices of corporate justice, corporate justice and employment practices, and human resources at different points between 1997 and 2002.

Lending 434

Lending Human Resources Law Government 434

Housing Wire

MAY 16, 2024

In its executive summary, the report found that the HECM program grew “substantially” during the 2000s and reached its height of 114,000 originations in 2009. Overview of findings The report was released to the public in November 2023. While all HECM borrowers are aged 62 or older, the age profile of borrowers has trended younger over time.”

Development 434

Development Appraisal Property Appraisal Insurance 434

Housing Wire

OCTOBER 14, 2021

From 2009 to 2019, the share of recent buyers who are 60 years and old grew 47% , while the share of recent buyers ages 18-39 fell by 13%. In addition, the median age of a homebuyer who completed their purchase within the past year rose from 40 in 2009 to 44 in 2019. Over the same time period, home values grew 31.2%.

Buyers 539

Buyers Housing Market Real Estate Agent Real Estate 539

Housing Wire

NOVEMBER 15, 2024

Look at the difference between this week in 2024 versus the same weeks in 2009-2011. New listings data this week: 2024: 48,863 2009: 274,614 2010: 359,534 2011: 315,915 These credit-stressed sellers did not turn around and buy another home, so they created years of elevated distress supply in the marketplace.

New Listings 521

New Listings Sellers Mortgage Law 521

Housing Wire

JULY 5, 2024

million to Educational Investment & Finance Corporation (EIFC), the company the partners founded in 2009. Khan and Garg, who met at Stuyvesant High School and attended New York University together , co-founded EIFC, a company specialized in asset management and advisory services for private student loan portfolios, in 2009.

Finance 445

Finance Business Mortgage Clients 445

Housing Wire

OCTOBER 15, 2024

Fairway operates in the Birmingham area under the trade name MortgageBanc , which it acquired in 2009. The company ranked No. 12 among the largest U.S. mortgage lenders in the first half of 2024, with $11.8 billion in home loan production. That was down 18% year over year, per Inside Mortgage Finance estimates. This compared to 12.2%

Advertising 468

Advertising Lending Loan Officers Retail 468

Housing Wire

DECEMBER 21, 2023

Moreover, early-stage delinquencies among VA loans hit their highest non-pandemic levels since 2009. In November, 70,000 additional borrowers were 30 days or more late on their mortgage payments, amounting to 1,804,000 loans. Foreclosure starts decreased by 12.2%

Mortgage 459

Mortgage Inventory Technology 459

Housing Wire

JANUARY 9, 2024

Approved by the Nationwide Multistate Licensing System (NMLS) since 2009, MEC specializes in online mortgage and financial services professional development. MEC prides itself as a “one-stop online resource for all things mortgage training and education.”

Training 446

Training Mortgage Lending Real Estate 446

Housing Wire

AUGUST 30, 2024

in 2009 and has also worked in the mortgage technology space. Prior to joining Sierra Pacific, Roque spent about a year-and-a-half at CrossCountry Mortgage and a year at New American Funding. Roque co-founded M&A and retail mortgage banking firm Menlo Co.

Lending 435

Lending Retail Mortgage Technology 435

Housing Wire

NOVEMBER 10, 2022

There was a slight upturn in 2009, with unit sales increasing by 2.6% from 2008 to 2009. The next major downturn, which started in 2006, saw unit sales fall 10.3% from 2005 to 2006, then another 22.4% from 2006 to 2007 and another 20.9% from 2007 to 2008. The total downturn was 44.9% ahead of those in 2003.

Mortgage 493

Mortgage Housing Market Lending Finance 493

Eyes on Housing

MARCH 29, 2023

NAHB analysis of the Census Bureau’s quarterly state and local tax data shows that $286 billion in taxes were paid by property owners in the fourth quarter of 2022 (not seasonally adjusted).[1] 1] State and local governments collected $714 billion in property taxes in 2022, $46 billion more than 2021.

Property Taxes 187

Property Taxes Government 187

Housing Wire

MAY 10, 2024

Ware, who founded The Property Shop in 2009, will serve as a growth leader at Real and help to build visibility for its brand. The Property Shop is the largest independent brokerage in Fort Worth. Real’s Private Label Program offers the best of both worlds,” Ware said in a statement.

Brokerage 418

Brokerage Training Agents Real Estate 418

Housing Wire

JANUARY 17, 2024

Following stints at Wells Fargo and Long & Foster Companies , in 2009, President Obama appointed Stevens to serve as Assistant Secretary of Housing and Federal Housing Commissioner for the United States Department of Housing and Urban Development (HUD).

Finance 493

Finance Loan Officers Real Estate Development 493

Housing Wire

JUNE 18, 2021

In an economic outlook panel at HousingWire’s Engage.marketing event on Thursday, Duncan explained that in the 2007 to 2009 downturn, the industry went from building 2.2 It’s going to take all of them. million units to 600,000, and stayed around that level for three years.

Supply Chain 439

Supply Chain Housing Market Marketing Inventory 439

Housing Wire

AUGUST 7, 2024

Wacksman is a long-time member of the Zillow team, having joined the firm in 2009 from Microsoft. Lloyd and I could not be more confident in Jeremy as CEO, in the caliber of the broader team and in Zillow’s bright future.”

Real Estate 445

Real Estate Agents Business Investors 445

Housing Wire

NOVEMBER 5, 2024

Between 2009 and 2021, the typical home purchased was built in the early 1990s. Prior to the pandemic, the median distance that homebuyers migrated from their old house to their new house was consistent at 15 miles. That number popped up to 50 miles in 2022 but has since fallen back to 20 miles. The age of homes purchased is also telling.

Realtors 468

Realtors Housing Market Construction Real Estate 468

Housing Wire

MAY 30, 2024

joined the business in 2009, bringing extensive experience in sales, marketing and strategic management. His expertise spans condominium conversion and development, residential sales, buyer representation and commercial transactions. DelRose Sr. also serves as a trustee at Watertown Savings Bank. DelRose Jr.

Realty 459

Realty Brokerage Real Estate Clients 459

Housing Wire

MAY 7, 2024

in Q4 2023, the highest number we’ve seen since 2009. Recent data from Inside Mortgage Finance shows a significant leap in broker market share, jumping to 24.3% This is a true testament to the care, commitment and passion brokers across the country have for their borrowers. The big question is, what caused this increase?

Retail 476

Retail Marketing Loan Officers Government 476

Housing Wire

JULY 15, 2024

. “The timing could not be better for us to enter this market with our solutions-based approach to this product segment — the broker community is the most significant it has been since 2009, with almost 25% market share of mortgage transaction activity,” Wells said in a statement.

Lending 418

Lending Finance Real Estate Construction 418

Housing Wire

AUGUST 27, 2020

That 10% would match the worst month of the Great Recession: October of 2009. Next week, the Labor Department will report the unemployment rate for the month of August. Economists surveyed by Trading Economics said they expect the rate to fall to 10% from 10.2%. percent by December,” the forecast said.

Marketing 439

Marketing 439

Housing Wire

AUGUST 27, 2021

Graduating in late 2009, which was not an ideal time to join the workforce, I Initially intended to sit for the certified public accountant exam, but after thorough research and understanding of what my life would look like working for a “Big Four”, I was not convinced.

Mortgage 476

Mortgage Business 476

Inman

JULY 17, 2024

As the U.S. dollar's value and home sale prices rose from April 2023 to March 2024, international buyers shied away from investing in U.S. real estate, according to a new report from NAR.

Buyers 174

Buyers Real Estate Investing Realtors 174

Housing Wire

OCTOBER 21, 2020

“Yes, it’s come down to 10 million, but look at how that compares again to the peak in 2009 of 6.6 However, due to the narrow industry focus of the job losses, this downturn has proved much different than what the economy saw in 2009. million,” he said. This has just been a tremendous negative shock for the economy as a whole.”.

Mortgage 435

Mortgage Inventory Housing Market Construction 435

Housing Wire

APRIL 22, 2024

in 2009, joined CCM in December 2022 as corporate vice president of production strategy and strategic partnerships. The transition was announced on Monday afternoon during a session at The Gathering, HousingWire ’s real estate and mortgage conference held in Scottsdale, Arizona.

Retail 438

Retail Mortgage Loan Officers Real Estate 438

Housing Wire

NOVEMBER 2, 2020

There’s a growing sense that affordable housing is a stable investment class for banks and insurance companies; even in the 2008 – 2009 recession, it held up well.”. “We’re seeing statistics from our developers across the country that their portfolios are holding up well,” he said.

Investors 459

Investors Transportation Property Taxes Investing 459

Housing Wire

MAY 31, 2024

A new report from the Government Accountability Office (GAO) concluded that while institutional investors may have contributed to rising home prices since 2009, the actual impact they have had on homeownership opportunities is more difficult to assess.

Investors 447

Investors Inventory Government Construction 447

Housing Wire

MAY 5, 2022

Mortgage rates surged to 5.27% over the last week, the highest average since 2009, according to the latest Freddie Mac PMMS. Mortgage rates resumed their climb this week as the 30-year fixed reached its highest point since 2009,” Khater said in a statement. A year ago at this time, 30-year fixed-rate purchase rates were at 2.96%.

Mortgage 370

Mortgage Buyers Government Lending 370

Housing Wire

JUNE 21, 2022

“Mortgage rates continued to surge last week, with the 30-year fixed mortgage rate jumping 33 basis points to 5.98% – the highest since November 2008 and the largest single-week increase since 2009,” Joel Kan, associate vice president of economic and industry forecasting for the trade group, said in a statement.

Mortgage 482

Mortgage Contracts 482

Housing Wire

FEBRUARY 1, 2021

By comparison, 406,652 short sales were completed through the program, which ran from 2009 to 2016. million properties foreclosed on between 2009 and 2019 could potentially have qualified for a short sale from a home equity perspective. More than 1.7 More than 45% of the 1.7 million represents 98% of the total 6.9

Buyers 434

Buyers Mortgage Marketing Home Value 434

Housing Wire

MAY 11, 2022

Conventional, Federal Housing Administration (FHA) and Veterans Affairs (VA) purchase loan application volume led the gain in mortgage application volume even as mortgage rates rose to 5.53%, marking the highest since 2009, according to Joel Kan, MBA’s associate vice president of economic and industry forecasting.

Mortgage 459

Mortgage Contracts Retail Buyers 459

Housing Wire

JULY 3, 2024

Of course, it wasn’t just 2011 that had a burst of new listings: from 2009-2012, the new listings data was running at 250,000 to 400,000 per week, whereas the last four years, we have been running at 30,000 to 90,000 per week, roughly.

Housing Market 385

Housing Market Marketing New Listings Contracts 385

Housing Wire

DECEMBER 12, 2024

Magel Award of Excellence in 2009. The executive acquired plenty of recognition for his work including a spot on Real Estate Almanac’s Swanepoel Power 200 list of real estate’s most influential people. Kessler also earned the William R.

Realtors 340

Realtors Real Estate Clients Development 340

Housing Wire

NOVEMBER 1, 2022

Mortgage Coach, founded in 2009 and based in California, offers an interactive borrower education platform that lets loan officers guide borrowers through a visual presentation of their loan options. The goal is to help drum up business for lenders during an extremely challenging time in the industry. .

Mortgage 458

Mortgage Project Management Insurance Loan Officers 458

Appraisal Buzz

OCTOBER 14, 2024

The gap was as wide as 18% in 2012, following the global financial crisis of 2007–2009, when many minority communities were hit especially hard, setting back progress by several years. Hispanic-owned homes are currently worth 11.9% less than homes owned by non-Hispanic white households, down from 12.1% last year and a recent high of 12.4%

Home Value 394

Home Value Construction Buyers Mortgage 394

Housing Wire

DECEMBER 7, 2021

will result in the tightest affordability since 2009. “At The data vendor noted that there is a 54% deficit in for-sale properties today compared to 2017 to 2019 averages. Black Knight’s report remarked that even if home prices hold steady, a rise in 30-year rates to 3.5%

Inventory 476

Inventory Mortgage Marketing 476

Inman

JANUARY 10, 2023

A slowdown in new leases paired with higher inventory is expected to hike vacancies and put pressure on rents. The balance of power in the rental market is rapidly shifting to renters.".

Inventory 158

Inventory Marketing Investing 158