Housing Wire

JANUARY 17, 2024

He left for Freddie Mac in 1995, where he was senior vice president of single family lending and led product development, credit risk and contract negotiations for all single family businesses.

Finance 482

Finance Loan Officers Real Estate Development 482

Housing Wire

MAY 7, 2024

in Q4 2023, the highest number we’ve seen since 2009. The broker model is not just surviving but thriving and will continue to gain market share in the lending landscape. Recent data from Inside Mortgage Finance shows a significant leap in broker market share, jumping to 24.3% The big question is, what caused this increase?

Retail 454

Retail Marketing Loan Officers Government 454

Housing Wire

JULY 15, 2024

Baltimore -based Dominion Financial Services , a nationwide private lender that specializes in financing for real estate investors , announced the hiring of Dustin Wells as the president of its newly launched wholesale lending division. Wells has more than 20 years of experience in the financial services arena.

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Lending Finance Real Estate Construction 331

Housing Wire

NOVEMBER 10, 2022

Altogether, the last time the Fed hammered inflation with a rise in lending rates, housing sales fell 49% from the peak in 1978 to the trough of 1982 before bouncing upward by 39% in 1983 over 1982’s low. There was a slight upturn in 2009, with unit sales increasing by 2.6% from 2008 to 2009. They fell by 25.3%

Mortgage 458

Mortgage Housing Market Lending Finance 458

Housing Wire

OCTOBER 25, 2021

“Omitting non-depository lenders, who currently hold a substantial portion of the mortgage lending market, from CRA monitoring leaves communities vulnerable to fair lending abuses in the New York State residential loan market,” the bill states. The state conducted the first nonbank CRA exam in 2009.

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Law Lending Insurance Mortgage 443

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 358

Mortgage Buyers Government Lending 358

Appraisal Buzz

JANUARY 16, 2025

While foreclosure filings remain a critical metric for understanding market health, current trends may point to a more balanced landscape, potentially shaped by careful lending practices and ongoing homeowner resilience. Foreclosure Starts Dip Nationwide The nations mortgage lenders started the foreclosure process on 253,306 U.S.

Lending 389

Lending Investors Housing Market Marketing 389

Housing Wire

OCTOBER 2, 2020

In the fallout of the housing collapse of 2007- 2009, the U.S. It grew from that point forward as the vacuum in lending enlarged as many large banks and other lenders failed — and those that survived reduced their footprint in mortgages. Nonbanks do not set the rules of lending. They sell all of their loans to investors.

Investors 524

Investors Government Lending Mortgage 524

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 403

Mortgage Project Management Insurance Loan Officers 403

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 359

Investors Inventory Government Construction 359

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.”

Mortgage 333

Mortgage Retail Loan Officers Lending 333

Housing Wire

FEBRUARY 25, 2022

I think non-QM could be another money-making product for all of these originators,” said Keith Lind, executive chairman and president at Acra Lending. People feel comfortable that the years of 2008 and 2009 are well behind us, and the guardrails are much better today,” Lind said. Partnering with Acra Lending.

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Lending Investors Technology Investing 338

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. 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 420

Real Estate Housing Market Marketing Investors 420

Housing Wire

DECEMBER 29, 2023

Labor shortages, lot shortages, lending issues, cost of lumber and materials as well as legal and regulatory barriers have made it difficult to deliver more homes to the American market. By contrast, in the decade 2009 through 2019, there was an average of 660,000 single-family homes constructed each year. Dietz estimates that the U.S.

Construction 462

Construction Supply Chain Inventory Housing Market 462

Appraisal Buzz

NOVEMBER 18, 2024

Jay Crowell has been promoted to the newly created position of president of national retail division at Cornerstone Home Lending. Crowell joined Cornerstone Home Lending in 2009 and most recently served as president of the Pacific Northwest region. million in loan volume per loan officer, according to data from Modex.

Retail 195

Retail Lending Loan Officers Realtors 195

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.

Lending 348

Lending Business Mortgage Government 348

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.

Contracts 376

Contracts Law Legal Mortgage 376

Housing Wire

NOVEMBER 7, 2022

That is – by far – the largest quarterly decline on record by dollar value, and the largest since 2009 on a percentage basis. trillion, or 10%, in the third quarter, “which may, along with rising rates, create headwinds for equity-related lending,” the report said. . “In the span of just three months, U.S. That figure declined by $1.17

Housing Market 327

Housing Market Marketing Home Value Mortgage 327

Housing Wire

APRIL 26, 2021

NYCB is best known for its commercial banking division, particularly regarding multifamily lending in the New York City region. NYCB expanded beyond the New York region in 2009 when it acquired the failed Ohio bank Amtrust , which had 66 branches and $13 billion in assets. in a deal valued at $1.7

Retail 397

Retail Landlords Lending Mortgage 397

Housing Wire

JANUARY 19, 2023

In 2009, the Securities and Exchange Commission (SEC) charged two former executives at American Home Mortgage Investment Corp. The company was sued by former employees , vendors and business partners, such as Banc of California , New Wave Lending Group , Merchants Bank of Indiana , FirstFunding and Loan America.

Mortgage 417

Mortgage Investors Legal Loan Officers 417

Housing Wire

FEBRUARY 6, 2023

She then moved on to PNC/National City Mortgage ( PNC acquired it in 2008) as a mortgage originator, and then was promoted to sales manager in Ohio and finally, to branch manager in 2009.

Legal 300

Legal Mortgage Lending Buyers 300

Housing Wire

SEPTEMBER 23, 2021

Richards accuses the CEO, who founded loanDepot in 2009, of directing the company’s Chief Credit Officer, Brian Rugg, to refrain from auditing the 8,000 loans. Two-hundred processors were put in charge of closing these loans in exchange for extra bonuses at the end of the year, the lawsuit claims.

Retail 103

Retail Development Law Valuation 103

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.

Business 339

Business Investing Real Estate Advertising 339

Housing Wire

MAY 9, 2022

The average 30-year conforming mortgage rate climbed to 5.27% last week, marking the highest average since 2009, according to Freddie Mac PMMS. month over month, driven by a 50% drop in rate-term-refinance lending activity. Compared with the same period last year, the number of rate locks by mortgage volume was down 25.4%. .

Mortgage 368

Mortgage Home Value Buyers Lending 368

Appraisal Buzz

AUGUST 27, 2024

Previously, he was COO of FHLBank Pittsburgh, a position that he assumed in November 2009. Morgan in Hong Kong from 2007-2009, after serving that company in various capacities in New York for 22 years. FHLBank products and resources help support community lending, housing, and economic development.

Investing 221

Investing Development Insurance Government 221

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 416

Housing Market Marketing Inventory Lending 416

Appraisal Buzz

MARCH 14, 2022

Post submission of an appraisal report ordered by an AMC for lending purposes, a quality control check of the report will be completed. The amount and trend of short sales and foreclosures are not as relevant today as they were when you created your template in 2009. Reviewers would like you to update your template a little more often.

Appraisal 397

Appraisal Contracts Marketing Lending 397

Housing Wire

MAY 4, 2022

Prior to 2009, housing was overbuilt relative to demand. Tighter mortgage underwriting : Lending standards are much tighter today than during the mid-2000s. Since then, the housing market has been underbuilt, and the supply deficit has grown. But today’s housing market differs from 2008 in several important ways.

Housing Market 349

Housing Market Finance Marketing Mortgage 349

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.

Marketing 221

Marketing Real Estate Appraisal Sellers 221

Appraisal Buzz

NOVEMBER 19, 2024

Cornerstone Home Lending President–National Retail Division Jay Crowell Cornerstone Home Lending , a division of Cornerstone Capital Bank , has announced the promotion of Jay Crowell to the newly created role of President–National Retail Division. million in loan volume per loan officer, according to data from Modex.

Retail 221

Retail Loan Officers Lending Clients 221

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. 678 TriusLending 869% 2003 A mid-Atlantic real estate investment firm and financing lender focused on short-term private lending and long-term rental loans. 4,105 FirstCloseFirstclose. Source: Inc.

Real Estate 349

Real Estate Real Estate Agent Technology Investors 349

Housing Wire

APRIL 7, 2022

In addition to complying with state laws, you must make a plan on how to train and certify staff and comply with the rules and expectations set by your underwriting and lending partners. According to a Global Workplace Analytics study , remote work has grown 159% since 2009. How should you prepare for RON?

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Law Technology Insurance Real Estate 348

Appraiserblogs

JULY 15, 2021

The biggest issue that threatens the appraisers… The AMC Dog and Pony Show From the HVCC to today, can we really say the mortgage lending system has improved due to AMCs? The AMC… The post Relationships… The Lost Art appeared on Appraisers Blogs.

Valuation 143

Valuation Law Appraisal Lending 143

Housing Wire

DECEMBER 16, 2021

More specifically, that means targeting an unemployment rate close to 4%, inflation close to 2%, and using regulatory tools to prevent unsound lending or other financial imbalances. Lenders should expect a much faster pace of hikes over the next few years than what was experienced following the 2009 recession.

Marketing 480

Marketing Mortgage Supply Chain Inventory 480

Housing Wire

NOVEMBER 29, 2022

Homepoint will begin lending at the FHFA 2023 loan limits for conventional products starting Wednesday, November 30. During 2009 and 2013, the GSEs’ share was about 60%, but fell to about 40% between 2014 to 2019, the data shows. By contrast, first-lien lending overall fell 22.3% to $505 billion in the third quarter.

Finance 236

Finance Mortgage Design Government 236

Appraisal Buzz

SEPTEMBER 25, 2024

TD Bank National Sales Director of Mortgage Lending Scott Lindner Scott Lindner serves as National Sales Director of Mortgage Lending for TD Bank , one of the 10 largest banks in the nation. In this role, I was responsible for mortgage lending in Westchester and Rockland Counties in New York, Upstate New York, and Connecticut.

Loan Officers 243

Loan Officers Retail Buyers Housing Market 243

Housing Wire

APRIL 5, 2021

The projected lifetime claim rates for recent originations are at the highest level since 2009. Additionally, FHA plays an important role within the larger housing finance ecosystem, with the need to both pay claims and possess greater capacity if and when the private market is unable or unwilling to lend without FHA’s support.

Insurance 242

Insurance Housing Market Mortgage Government 242