Housing Wire

OCTOBER 5, 2023

in 2008 and 2009. Lax lending standards and cheap credit, plus a popular belief that real estate values never decline, created a massive bubble. Investors who have been burned by events in China may also start seeing ghosts in other markets and decide the risk profile is just too unfavorable. In the U.S.,

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Real Estate Housing Market Marketing Investors 459

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. Movement Mortgage, First American Financial and FinVC joined existing investors 8VC, Khosla Ventures and Fifth Wall.

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Mortgage Project Management Insurance Loan Officers 459

Housing Wire

FEBRUARY 9, 2023

The merger will result in an “increased lending footprint” to better serve clients, Paul Kessel, president of American Portfolio, said in a statement. Lisa Thomas, chief executive officer of Town Square, added that the deal also brings “a portfolio of expanded loan products backed by a lending platform with state-of-the-art technology.”

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Mortgage Retail Loan Officers Lending 370

Housing Wire

JANUARY 19, 2023

The Smart Rate website mentions that the mortgage lender offers purchase and refinancings, jumbo, FHA, adjustable, bank statement and investors loans. In 2009, the Securities and Exchange Commission (SEC) charged two former executives at American Home Mortgage Investment Corp. Strauss settled with the SEC, agreeing to pay $2.45

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Mortgage Investors Legal Loan Officers 418

Housing Wire

OCTOBER 18, 2022

Sprout was founded in 2009 by industry veteran Michael Strauss and became “one of the fastest growing non-QM lenders in the country,” according to the lawsuit. A recent lawsuit claims Sprout Mortgage left its warehouse lender FirstFunding holding over $220 million of its debt when the mortgage lender abruptly closed on July 6.

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Contracts Law Legal Mortgage 397

Housing Wire

FEBRUARY 8, 2024

Before that, he spent nearly a year as EVP of direct lending at Go Mortgage and served for eight years as president of consumer direct at Lending.com , a Finance of America company. “We Over time, it got involved in other asset classes, such as single-family rental properties and commercial real estate lending.

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Business Investing Real Estate Advertising 434

Housing Wire

JULY 17, 2023

Mozilo avoided working with subprime loans until the late 1990s, when after noticing that his firm was losing business to competitors, Countywide embraced the type of subprime mortgage lending that eventually led to the housing crisis in 2008. Securities and Exchange Commission (SEC) in 2009, tied to stock sales.

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Lending Business Mortgage Government 370

Housing Wire

AUGUST 21, 2023

469 LoanStar Technologies 1,241% 2016 Enabling lenders to connect and lend to customers who are traditionally underbanked or unbanked. 533 ReBuilt 1,096% 2015 Vertically integrated marketplace helping homeowners sell their unwanted property and real estate investors find great off-market deals. Other established names to make the Inc.

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Real Estate Real Estate Agent Technology Investors 370

Housing Wire

MAY 4, 2022

Homes that reach the market sell quickly, bidding wars are the new normal and the investor share of sales continues to rise. Prior to 2009, housing was overbuilt relative to demand. Tighter mortgage underwriting : Lending standards are much tighter today than during the mid-2000s.

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Housing Market Finance Marketing Mortgage 397

Housing Wire

APRIL 8, 2022

As you can see above, the monthly supply in 2006, 2007, 2008, 2009, 2010, and 2011 was above 6 months on average, running at 8.71 housing market, and we should never ease lending standards to try to facilitate demand. Lending standards are already liberal enough, so we don’t need to go down that avenue. Time will tell on that.

Housing Market 418

Housing Market Marketing Inventory Lending 418

Miller Samuel

FEBRUARY 12, 2019

The 10-year Challenge (2009 vs. 2019). Some analysts are even comparing the current cycle to the last downturn and the housing bubble in 2009, but Miller outlined quite a few differences between then and now. In 2009, the average discount from listing was 10.2%. And, in-turn, when the market falls, it will fall forever.

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Marketing Real Estate Appraisal Sellers 221

Housing Wire

DECEMBER 20, 2021

According to the Federal Housing Administration, their share of lending to Black borrowers is around 17%, compared to 6% for the rest of the mortgage market. The most significant share went toward the Home Affordable Modification Program (HAMP), which launched in 2009. In 2010, the Treasury launched the Hardest Hit Fund (HHF) program.

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Mortgage Government Contracts Insurance 418

Simonson Real Estate

APRIL 26, 2021

For example, when a build-to-suit Dollar General store in small-town Minnesota is the subject of a valuation assignment, it is evident an overview of the National Net Lease markets is applicable as the buyer pool includes regional and national investors. Market Extraction. The sales closed between January 2020 and December 2020.

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Marketing Tenants Valuation Real Estate 78

Listing Spark

AUGUST 17, 2023

The FHA has insured over nine million mortgages since 2009 , and as home prices have climbed higher than ever in the past three years, many prospective homeowners are turning to FHA loans due to the increased assistance and down payment requirements. FHA loans are becoming an increasingly popular option for buyers all across the home market.

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Investors Investing Buyers Real Estate 36

Listing Spark

DECEMBER 15, 2022

Brandon Smith, who has over 13 years of investing and lending experience, specializes in owner financing and has developed a successful system for sourcing deals and minimizing risk. In this episode, we’ll learn more about his approach, how he finds and closes deals, and best practices for working with banks and private investors.

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Finance Investing Real Estate Lending 36

Will Springer Realtor

AUGUST 13, 2024

Bad economic news tends to lead investors to shift their portfolios from higher-risk equities to more conservative instruments like Treasury bonds and notes. The greater the number of investors in U.S. Investors are also concerned that the Fed is responding late to cut borrowing costs to help bolster the economy. The strong U.S.

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Buyers Investors Sellers Inventory 52

Appraisal Today

MAY 26, 2023

A three-year renovation, ending in 2009, converted the upper floors into the 7,000-square-foot penthouse. Added Kan, “Investors remained attuned to the uncertainty around the U.S. . == Glorious Gilded Age Mansion for $29.9M A residential penthouse is situated on the top two floors.

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Easement Contracts Appraisal Inspection 52

Housing Wire

AUGUST 26, 2021

To put this volume in perspective, at the beginning of 2009, the total outstanding Ginnie Mae guarantees totaled approximately $500 billion in MBS. This program has been so successful, MBS investors call the securities Ginnie Mae MBS because the MBS has become homogenous among issuers. trillion of privately issued MBS.

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Government Lending Investors Finance 435

Housing Wire

NOVEMBER 22, 2024

Housing starts plummeted to the lowest levels in 50 years in April of 2009 and the cost to build soared. Some stats: As recently as 2023, it is estimated that investors accounted for 27% of all single-family home purchases, up from the high teens in 2019. million owned by individual investors. A lost 20 years.

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Marketing Investors Investing Housing Market 468

Housing Wire

FEBRUARY 5, 2025

As always, policy equals personnel so it will be critical for Secretary Turner to fill key positions with seasoned professionals in public and subsidized housing, fair housing /lending, mortgage banking, and financial markets. million households. Living up to the letter and spirit of the Fair Housing Act is core to HUDs mission.

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