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Mortgage Credit Availability Tightens in September 

Appraisal Buzz

The expanded historical series, which spans 2004 to 2010, was developed to give the current series historical context by illuminating changes in loan availability during the previous ten years, including the housing crisis and recession that followed. To read the full report, including more data, charts, and methodology, click here.

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CrossCountry Mortgage hires former Pennymac execs

Housing Wire

The team will develop and execute the company’s investment strategies, secondary market activities, and risk management, among other things. Meanwhile, Rettinger joined Pennymac in 2010 after holding leadership roles at Bank of America and HSBC. In October, Chang stepped down and was succeeded by Mark Elbaum. He left in June.

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Corcoran hires new SVP of global development

Housing Wire

Scott Mitchelson is joining The Corcoran Group as senior vice president of global development, the company announced on Tuesday. From 2000 to 2010, Mitchelson worked for Realogy Corp., Mitchelson will report directly to Stephanie Anton, president of Corcoran affiliates.

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Which cities have the largest portion of homes affordable to the average wage earner?

Housing Wire

Ohio is projected to experience statewide population declines in 74 of 88 counties over the next 25 years, according to the Ohio Department of Development. Detroit Mayor Mike Duggan has expressed intentions to invest in the city’s housing development efforts for years to come.

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Travis Kessler set to retire from Texas Realtors, Mike Barnett named as new CEO

Housing Wire

Kessler also directed the implementation of several professional development several including the eight-month Texas Realtors Leadership Program. One of these includes a 12-year stint as CEO of the San Antonio Board of Realtors from 1997 to 2010, according to his Linkedin profile. He expressed his gratitude to Kessler for his service.

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The Shrinking Dollar’s Impact on Homeownership

Appraisal Buzz

Richardson Economic Consulting LLC , “Socioeconomic Consequences,” found that a key factor contributing to the decrease of affordable mortgages for low- and moderate-income families is the 2010 Dodd-Frank Act , which made small-dollar mortgages relatively more expensive to process than larger loans.

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Anthony Hitt is leaving Engel & Völkers Americas

Housing Wire

Hitt began his career at Engel & Völkers Americas in 2010 and has served as the firm’s CEO and president since 2013. Developing and guiding E ngel & Völkers in the Americas has been a true privilege and one of my greatest accomplishments.

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