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

JUNE 29, 2024

2009 281,734 2010 345,146 2011 396,955 2012 318,041 Weekly housing inventory data I am almost ready to give an A grade for inventory this year. For the fifth time this year, inventory hit my target level with elevated mortgage rates. When mortgage rates increase, demand falls, and the price-cut percentage grows.

New Listings 415

New Listings Inventory Contracts Sellers 415

Housing Wire

JANUARY 13, 2022

The Supreme Court weighed in on a class action lawsuit against Quicken Loans , now Rocket Mortgage , regarding its appraisal practices during the financial crisis, delivering a procedural win for the mortgage lender. million stemming from allegedly tainted appraisals for 2,769 mortgage loans Quicken Loans originated from 2004 to 2009.

Appraisal 448

Appraisal Valuation Law Home Value 448

Housing Wire

DECEMBER 11, 2020

Through every financial transaction in a person’s life — whether a mortgage, auto, student or personal loan — there is one constant: the borrower. When the pandemic forced a shutdown of the economy, Congress gave blanket permission for any affected consumer to place their mortgage in forbearance,” Schwartz said.

Lending 435

Lending Contracts Investors Technology 435

Housing Wire

JULY 3, 2024

Today’s housing market suffers from affordability issues due to mortgage rates in the 7s and high home prices. Last week in 2011, 396,955 homes hit the market without a contract. New listings data for last week over the years: 2009: 281,734 2010: 345,146 2011: 396,955 2012: 318,041 What a difference a cycle makes!

Housing Market 385

Housing Market Marketing New Listings Contracts 385

Appraisal Buzz

MARCH 14, 2022

Appraisals for mortgage finance transactions are subject to many levels of scrutiny and review. What would happen on purchase transactions if the Purchase Contract were not provided to the appraiser? Could that contract be construed as an influence on value? To hit the purchase price, that’s why! The Covid-19 Statement.

Appraisal 397

Appraisal Contracts Marketing Lending 397

Housing Wire

AUGUST 1, 2023

Even as mortgage rates rose, and affordability was pushed out of reach for many potential homebuyers, there are still sufficient buyers who can afford these prices and these rates. After the mortgage rate spike in September 2022, we got significantly more bearish on home prices for 2023. If mortgage rates increase to the 7.5%

Inventory 370

Inventory Contracts Buyers Mortgage 370

Housing Wire

DECEMBER 21, 2020

Blosser has been leading the association’s data privacy efforts since 2017, and led the association’s role in creating model legislation such as the Remote Online Notarization Act , which was drawn up in collaboration with the Mortgage Bankers Association and the National Association of Realtors.

Insurance 333

Insurance Government Advertising Legal 333

Miller Samuel

FEBRUARY 12, 2019

When Jeff and Marie asked me to be formally interviewed for their blog " The Apple Peeled " I was happy to do so, especially because I could veer off the road into issues about the current mortgage and appraisal process. The 10-year Challenge (2009 vs. 2019). In 2009, the average discount from listing was 10.2%.

Marketing 221

Marketing Real Estate Appraisal Sellers 221

Housing Wire

JULY 7, 2022

First, it will be the openness and choice that lenders will have, as we at ICE have consistently demonstrated our commitment over the past 20 years to access and transparency in the mortgage industry, which we plan to extend to the Black Knight business. . I believe that Black Knight contracts are similarly structured. .

Modernization 448

Modernization Technology Investing Mortgage 448

Housing Wire

DECEMBER 20, 2021

While the family’s income has been cut by almost half and inflation has increased their expenses, Wilen’s primary concern is his mortgage. mortgage for 12 months, and the county where he lives paid three months of his mortgage bill as part of an assistance program. He is afraid of losing his home.

Mortgage 418

Mortgage Government Contracts Insurance 418

Housing Wire

AUGUST 24, 2023

“In order to achieve a soft landing, economic growth will have to slow to a rate that is below trend for some time in order for the unemployment rate to rise sufficiently to cause wage growth to slow consistent with a 2% inflation target over the long term, but not so slow that the economy falls into a contraction,” the ESR group said.

Construction 284

Construction Retail Mortgage Contracts 284

Housing Wire

APRIL 14, 2022

What happens when the Federal Reserve begins pulling back in a serious way from the mortgage-backed securities (MBS) market that it has helped to prop up through billions of dollars in bond purchases since the start of the pandemic in 2020 — to the point where it now holds a $2.7 Federal Reserve in Washington, D.C.

Marketing 435

Marketing Investors Government Investing 435

Appraisal Buzz

JUNE 12, 2024

VRM Mortgage Services is a company born during a very different era for our industry. The company launched VRM University (VRMU) in 2009, offering “specialized training for financial services and real estate professionals.” VRM Mortgage Services President & CEO Keith Murray and EVP & COO Dr. Cheryl Travis-Johnson /*!

Training 221

Training Business Human Resources Appraisal 221

Appraisal Today

FEBRUARY 9, 2024

Appraisers Riding the Waves of Up and Down Mortgage Rates Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! Construction also jumped during the pandemic as builders responded to surging homebuyer demand fueled by record-low mortgage rates.

Appraisal 84

Appraisal Contracts Insurance Construction 84

Appraisal Today

SEPTEMBER 20, 2024

Sale Price Converted $500K Minnesota Bank With Historic Vaults and Bulletproof Glass How AI Tech is Reshaping Appraisal Success From Panic to Profit: One Appraiser’s Story of Survival and Growth Cindy Chance Terminated (Appraisal Institute CEO) Mortgage applications increased 14.2 This was in 2009 in the throes of the Great Recession.

Appraisal 77

Appraisal Business Contracts Real Estate 77

Appraisal Today

MARCH 22, 2024

NOTE: Please scroll down to read the other topics in this long blog post on Fannie March Update, Bias and not using time adjustments, Climate change effects on risk and values, answer your phone if you want more appraisal business, unusual homes, mortgage origination stats, etc. Mortgage applications decreased 1.6 baths, 17,878 sq.ft.,

Appraisal 69

Appraisal Contracts Business Insurance 69

Appraisal Today

DECEMBER 2, 2022

NOTE: Please scroll down to read the other topics in this long blog post on George Harrison passed, Appraisal business, marketingunusual homes, mortgage origination stats, etc. My personal comments: George called me before the first Appraisal Summit on December 9-11, 2009. Mortgage applications decreased 0.8 You will be missed.

Appraisal 85

Appraisal Agents Real Estate Real Estate Agent 85

Appraisal Today

AUGUST 25, 2023

NOTE: Please scroll down to read the other topics in this long blog post on non lender appraisals, MLS hacked, appraisers and real estate agents, Humor, unusual homes, mortgage origination == Massive Missouri Lake Winnebago House for $12.6M Varies widely around the country. == Mortgage applications decreased 4.2 percent from 13.8

Appraisal 80

Appraisal Real Estate Agent Agents Real Estate 80

Lamacchia Realty

JANUARY 29, 2025

This report breaks down sales, average prices, the number of active listings, and how many listings went under contract for 2024 compared to 2023 and discusses what is predicted to unfold in 2024. The number of homes placed under contract (pending) decreased by 9.8% Pending sales are at a level not seen since 2009.

Inventory 61

Inventory Insurance Real Estate Buyers 61

Appraisal Today

JUNE 17, 2022

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. ==. It looks like the change is starting because of increasing mortgage interest rates. USPAP and the Contract. They think it is a contract to hit (it isn’t).

Appraisal 52

Appraisal Contracts Real Estate Mortgage 52

Appraisal Today

MAY 26, 2023

NOTE: Please scroll down to read the other topics in this long blog post on appraisal “modernization”, bias hearing, bad appraiser, USPAP, unusual homes, mortgage origination stats, etc. == Appraiser pleads guilty in $1.3B A three-year renovation, ending in 2009, converted the upper floors into the 7,000-square-foot penthouse.

Easement 52

Easement Contracts Appraisal Inspection 52

Appraisal Today

JUNE 10, 2022

The Inevitable Cyclicality of Mortgage Lending. NOTE: Please scroll down to read the other topics in this long blog post on declining mortgage loans, real estate market, unusual homes, mortgage origination stats, etc. ==. The hangar was built in 2009, and the home was completed in 2014. Purchase vs. refi appraisals.

Appraisal 52

Appraisal Contracts Business Mortgage 52

Appraisal Today

JULY 1, 2022

NOTE: Please scroll down to read the other topics in this long blog post on real estate market decline in listing prices, land issues, unusual homes, mortgage origination stats, etc. =. Excerpts: Built in 2009, the home is has 8 bedrooms, 6.5 Mortgage applications increased 0.7 Mortgage applications increased 0.7

Appraisal 52

Appraisal Contracts Insurance Real Estate 52

Lamacchia Realty

SEPTEMBER 20, 2023

Around 2009 all mortgage companies and regulators put a stop to it. The buyers will usually cover the loan origination fee, the mortgage escrow account, title insurance, and home appraisal fee. Fees charged for obtaining a mortgage Title insurance for both lender and owner. That is no longer allowed.

Sellers 74

Sellers Buyers Property Taxes Inspection 74

Will Springer Realtor

OCTOBER 15, 2024

Now that the Federal Reserve has cut interest rates, home buyers should swarm the market with low-interest mortgages …. Consumers considering a change of address are holding out amid forecasts for lower mortgage interest rates in 2025. After the Fed rate cut, mortgage applications jumped 9% in a week. Hold on, there!

Housing Market 68

Housing Market Marketing Construction Buyers 68

Appraisal Today

JUNE 3, 2022

NOTE: Please scroll down to read the other topics in this long blog post on real estate market changing, appraisal bias research, unusual homes, mortgage origination stats, etc. Mortgage Lenders – 1989: FIREEA and appraiser licensing, 2009: HVCC and AMCs took over. Mortgage applications decreased 2.3

Appraisal 52

Appraisal Contracts Real Estate Marketing 52

Appraisal Today

JUNE 24, 2022

NOTE: Please scroll down to read the other topics in this long blog post on Changing real estate market, rate increases, desktop appraisals, USPAP and state boards, unusual homes, mortgage origination stats, etc. When mortgage rates last soared this much. Mortgage applications increased 4.2 Click here for more info!

Appraisal 52

Appraisal Contracts Mortgage Easement 52

Will Springer Realtor

AUGUST 13, 2024

Financing costs to buy a home have held steady for several months and homeowners – many enjoying historically low, pandemic-related mortgage rates – preferred to sit in front of their screens to root on athletes competing in Paris or soak up the sun during this amazing summer weather. the lowest mark since records were first kept in 2009.

Buyers 52

Buyers Investors Sellers Inventory 52

Quicken Loans

APRIL 12, 2021

Foreclosure purchases thrived in 2009-2010 when a recession-battered housing market hit its peak foreclosure rate. Foreclosure happens when a borrower fails to pay their mortgage payments and the lender or mortgage investor must repossess the home. The lender is allowed to take back the home because a mortgage is a secured loan.

Inspection 54

Inspection Property Taxes Mortgage Investors 54

Will Springer Realtor

JULY 11, 2023

The slippage in listings under contract – which is currently at the third-slowest annual pace this century (after 2008 and 2009) – is a barometer for future sales. Mortgage rates higher than in recent years exacerbate the lock-in effect in the resale housing market. Then, mortgage rates may follow higher.

Housing Market 36

Housing Market Buyers Inventory Real Estate 36

Listing Spark

DECEMBER 15, 2022

It usually involves wrapping the existing mortgage and obtaining title insurance from a title company. Because if you’re gonna take over that mortgage in a wrap situation and that’s at a Chase bank or whatever it may be they more than likely they have a due on sell call. Key takeaways. [00:03:41]

Finance 36

Finance Investing Real Estate Lending 36

Will Springer Realtor

MAY 9, 2023

month backlogs of contract work, as of Q4 (latest data available), which is down from the peak of 4.8 Information from the National Mortgage Database shows 83% of all mortgage holders enjoy an interest rate below 5% when today’s average rate is about 6.5%. Kitchen and bath professionals are reporting 3.9-month

Real Estate 36

Real Estate Modernization Construction Supply Chain 36

Appraisal Today

JANUARY 3, 2025

Newz: Appraiser Humor, Mortgage Rate Changes, New GSE Time Analysis January 3, 2025 Whats in This Newsletter (In Order, Scroll Down) LIA – Code Violations and Expertise Mortgage Rate History Since 1971 What about 2025? Its left many wondering if 2025 will finally calm the waters.

Construction 86

Construction Appraisal Contracts Mortgage 86

Will Springer Realtor

JUNE 9, 2021

Adjustable-rate mortgages were cheap and easy to acquire, home prices were artificially inflated and supply plentiful. The Federal Reserve is supporting the purchase of mortgage-backed securities as well as helping to sustain low interest rates for mortgages. Then the housing bubble burst. range won’t last forever.

Housing Market 36

Housing Market Marketing Inventory New Listings 36

Appraisal Today

MAY 20, 2022

NOTE: Please scroll down to read the other topics in this long blog post on Retirement, real estate market changes, ANSI, Appraising luxury homes, unusual homes, mortgage origination stats, etc. =. It seems an inflection point occurred where we really noticed the effect of higher mortgage rates on buyers. Price: $725,000.

Appraisal 52

Appraisal Contracts Real Estate Mortgage 52

Housing Wire

NOVEMBER 2, 2024

Home prices have remained firm over the last two months, even with higher mortgage rates and inventory data. I want to show you how the data changed with mortgage rates heading toward 6% so the next time this happens, we have a better idea of what to expect in the housing market. I have long believed that it’s rare in the U.S.

Inventory 516

Inventory New Listings Mortgage Contracts 516