Housing Wire

JUNE 14, 2021

In addition to the bond market yield action, responsible lending post-2010 gave me confidence that forbearance was not going to be the negative issue that many had hoped for. While lending standards were never tight in American in the 21st century, they were very responsible post-2010.

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Lending Marketing Housing Market 521

Housing Wire

MARCH 15, 2021

I hear a lot of chatter about a boom in cash-out refinances, and the presumption seems to be that this is destined to wreak havoc on the housing market and the economy at some point. First, the refinance boom’s main driver in the 2000s was unhealthy because of the marketplace’s speculative unhealthy lending standards.

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Lending Housing Market Mortgage Marketing 543

Housing Wire

SEPTEMBER 14, 2020

Since the onset of COVID-19, the Twittersphere has been ripe with rumor and speculation that the financial requirements to qualify for a mortgage have become increasingly more rigorous since the crisis and this would put a damper on the housing market. Case in point — the week of March 9 and the mortgage market meltdown.

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Mortgage Lending Housing Market Marketing 501

Housing Wire

NOVEMBER 15, 2024

As you can see in the chart below, the credit markets broke in 2005, 2006, 2007 and 2008, and then the job-loss recession of 2008 started, which made things much worse. None of that action has been happening for 14 years because the credit market changed after the 2010 qualified mortgage rule.

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New Listings Sellers Mortgage Law 521

Housing Wire

JULY 26, 2021

The housing market is red hot. The Federal Housing Finance Agency house-price index rose 12% last year due to low inventories and high demand. And the National Association of Realtors reported that, for the first time in a generation, housing prices rose in each of the 181 metro areas it tracks at the end of last year.

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Mortgage Lending Real Estate Agent Government 514

Housing Wire

MARCH 23, 2022

We finally got mortgage rates to rise, and for people like me who have been concerned about how unhealthy the housing market was last year — and it got a lot worse this year — it’s a blessing that was much needed. As you can see below, the new home sales market from 2018-2022 doesn’t look like the housing market we had from 2002-2005.

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Mortgage Inventory Housing Market Construction 505

Housing Wire

OCTOBER 31, 2022

One of the unsung heroes of the most prolonged economic and job expansion ever recorded in history was the passing of the 2005 Bankruptcy Reform Act and the 2010 qualified mortgage rule under Dodd-Frank. Both these laws paved the way for more responsible lending and a more responsible consumer. Today, we are at 1.25

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Housing Wire

MARCH 31, 2022

The online reaction was immediate — housing must be about to crash. That’s not to say that the data points the Fed used are incorrect — in fact, we are in a savagely unhealthy housing market , but it’s not a bubble. First, because there is no speculative debt demand going on today, there can’t be a housing bubble.

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Housing Market Inventory Lending Marketing 532

Housing Wire

SEPTEMBER 8, 2022

Well, it isn’t 2008, but this type of loan does have risk — and it’s the risk that is traditional among all late economic cycle lending in America when the loan requires low or no downpayment. We have a much better housing ecosystem now for sure. The entire system has to be designed to inflate the price over time.

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Inventory Law Housing Market Design 544

Housing Wire

MARCH 30, 2023

With the banking crisis spurring more talk of a recession, the question now is: What would housing credit look like in a recession? housing market would crash during the pandemic. One of the main reasons for that fear was that housing credit was about to get tight, meaning fewer people could buy homes with mortgages.

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Housing Market Mortgage Law Marketing 539

Housing Wire

MAY 26, 2022

As 2022 proves to be a challenging year for the housing market, lenders are looking to take advantage of potential downtime by improving their internal processes. But when rates began to soar starting in 2005, increased foreclosure rates led to a housing market crash in 2008.

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Loan Officers Housing Market Mortgage Buyers 418

Housing Wire

OCTOBER 16, 2024

The latest report, which examined program data from 2010 to 2020, found no meaningful change in neighborhood poverty for program participants,” the report explained.

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Appraisal Buzz

OCTOBER 4, 2024

percent recorded in the fourth and first quarters of 2010 and 2011, and it has remained constant from previous quarters. In addition, FHFA must collect information on the creditworthiness of borrowers, including a determination of whether subprime and nontraditional borrowers would have qualified for prime lending. A further 0.6%

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Mortgage Tools Lending Finance 360

Housing Wire

AUGUST 30, 2022

While the growth rate is cooling monthly, we are still in a savagely unhhealthy housing market trying to get national inventory levels back to pre-COVID-19 levels. Nor can we ever have a credit sales boom again with lending standards back to normal. Case in point, purchase application data is already below 2008 levels today.

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Inventory New Listings Law Housing Market 397

Housing Wire

APRIL 24, 2023

million, the existing home sales forecast represents the slowest annual pace since 2010, according to the ESR Group. New home construction is expected to pull back later in 2023 – consistent with Fannie Mae’s forecasted recession – which is due, at least in part, to tighter credit availability for construction lending.

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Construction Lending Inventory Mortgage 397

Housing Wire

OCTOBER 18, 2022

Racial Equity Accelerator for Homeownership, a collaboration between Urban Institute and Federal Home Loan Bank (FHLB) of San Francisco , on Monday released a report that examines how the adoption of alternative data can benefit Black households within the mortgage lending landscape.

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Lending Mortgage Legal Design 448

Appraisal Buzz

OCTOBER 14, 2024

As all lenders have “skin in the game” on every loan, rigorous quality control across the lending lifecycle is imperative. Meanwhile, incomplete or inaccurate information can lead to faulty lending decisions that put lenders and their AMCs at risk.

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Valuation Renovations Technology Appraisal 368

Housing Wire

NOVEMBER 19, 2021

With over 40 years of mortgage experience, Hale has held C-suite positions for some of the top housing companies in the industry, including ClosingMark Financial Group , Stearns Lending , MetLife Home Loans , MetLife Bank , Countrywide , Wells Fargo and Fleet Mortgage. Brian Hale: Purchase volume will be key.

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Real Estate Agent Business Tools Technology 370

Housing Wire

OCTOBER 16, 2023

In August, Zillow ‘s 2023 Consumer Housing Trends Report proclaimed that half of all homebuyers are purchasing their first home, the highest share that Zillow has ever recorded. One of the primary reasons for this surge is the strong presence of millennials in the housing market, particularly those at the peak, around ages 33 and 34.

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Agents Buyers Sellers Inventory 435

Appraisal Buzz

APRIL 15, 2024

UAD originated in 2010 and since then we appraisers are accustomed to using codes like “C4,” “N;Res,” and “1200sf0sfin” in our mortgage appraisal reports to communicate the results of our analysis. Appraisers will want to make sure that their software vendors can accommodate non-lending work in their new platforms.

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Appraisal Design Lending Technology 397

Housing Wire

APRIL 1, 2022

The years 2020-2024 were going to be different not only for the housing market but also for the labor market. Just whistle, folks — that is a hot labor market. So, in essence, every American and Russian troll that has been talking about an impending recession since 2010 based on economic data has been wrong.

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Marketing Construction Housing Market Retail 476

Appraisal Buzz

JUNE 7, 2024

Chopra previously served at the CFPB from 2010-2015. In 2011, the Secretary of the Treasury designated him as the agency’s student loan ombudsman, where he led the Bureau’s efforts on student lending issues. When financial institutions take these types of actions, they risk violating the Consumer Financial Protection Act of 2010.

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Contracts Insurance Legal Business 195

Housing Wire

OCTOBER 9, 2023

Campbell is now something of a JV guru, having completed over 80 joint ventures with real estate or lending firms. That, combined with the housing market slowdown, created a perfect storm for some questionable business practices to arise, piquing the interest of regulators. Why not create one entity to ensure a smoother process?

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Real Estate Insurance Real Estate Agent Brokerage 468

Housing Wire

JUNE 15, 2022

But this year, as rates have crested 6%, about 70% of Neat’s originations are adjustable-rate mortgages, a product that until recently had fallen out of favor due to the role they played in the housing crash of 2008 and a decade-plus of fixed-rate mortgages under 5%. . Not a one-size fits all”.

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Mortgage Loan Officers Bracketing Investors 370

Housing Wire

JUNE 28, 2021

I have always been good with numbers, and I enjoy looking at houses,” he said. But DeZarn was an independent contractor business of one, and he lost his clients in 2008 when the housing market imploded. The value add is compliance, more than anything else,” said Shashank Shekhar, CEO of Arcus Lending.

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Appraisal Valuation Business Contracts 435

Appraisal Buzz

JUNE 14, 2024

A key focus of his research has been on the financial and demographic dimensions of homeownership, and the implications for housing policy. Having previously worked at the Center in the 1990s, Chris rejoined the Center in 2010 from Abt Associates, to serve as the Director of Research.

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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. If the program does break right, the benefits for the housing market are clear. In 2010, the Treasury launched the Hardest Hit Fund (HHF) program.

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Mortgage Government Contracts Insurance 418

Will Springer Realtor

DECEMBER 12, 2023

The Seattle area housing market right now reads like a mystery novel with half the pages missing. Existing home sales fell 18% between October and November for all homes on the market and are off 11% Year-on-Year (YoY). 13 to update America when the central bank will likely hold firm on short-term lending rates.

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Housing Market Marketing New Listings Buyers 43

Birmingham Appraisal

AUGUST 14, 2024

An Interesting Trend Among New Homes As a residential real estate appraiser in the Birmingham, AL market for over 30 years I have seen many changes in new home construction. Census Bureau, home size steadily increased from 1999 through 2008/2009, which we all know was when the housing market crashed.

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Bracketing Construction Design Real Estate 60

Will Springer Realtor

OCTOBER 11, 2022

Seriously though, there must be a ceiling to rising rates that have all but extinguished a robust housing market. While investors of mortgaged securities help dictate their interest rates, the Federal Reserve is behind the scenes influencing the overall lending environment. We are nowhere near that!

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Housing Market Marketing Real Estate Buyers 36

Will Springer Realtor

FEBRUARY 13, 2024

The Seattle/King County housing market appears to have come through the worst of times with a slightly stronger showing in January than in previous months. Annual sales across King County totaled 21,515 homes – down an incredible 24% from the year before and the fewest since 2010 (20,761). higher than January 2023.

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New Listings Buyers Inventory Lending 56

Will Springer Realtor

OCTOBER 10, 2023

We are starting to see all of those signs following the release of September housing data from the Northwest Multiple Listing Service (MLS). Unfortunately for buyers, a combination of the typical seasonal trend and higher borrowing costs has slowed housing market activity to an excruciatingly slow pace – and there are concerning signs ahead.

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Buyers Inventory Sellers Housing Market 65

Housing Wire

JUNE 12, 2024

One of the most alarming aspects of the housing bubble crash was the staggering number of Americans who were underwater on their homes. In 2010, CoreLogic’s national data in the fourth quarter revealed that a shocking 23.1% This is the risk of late-cycle lending in the U.S., of homes that have a mortgage.

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Housing Market Mortgage Law Government 505

Will Springer Realtor

SEPTEMBER 12, 2023

There is a feeling of Halloween in the real estate world because this housing market is a bit scary these days. The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. Scary, indeed, but are these signs of a pending housing recession? Unlikely. “I There are 7.4%

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Finance Inventory Construction Buyers 68

Will Springer Realtor

DECEMBER 19, 2023

Prospective buyers and sellers watched this one out from the sidelines, leading to King County sales activity hitting lows not seen since 2010 at the heart of the housing crises. Any one of those risks could cascade into other parts of the market and tip the economy into recession.” homes – yes, still a seller’s market.

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Real Estate Buyers Sellers Inventory 68

Appraisal Today

JUNE 10, 2022

The Inevitable Cyclicality of Mortgage Lending. Hot housing market not a bubble, economists say. Excerpts: As home prices continue to break growth records, a panel of housing experts and economists surveyed by Zillow® does not believe the market is in a bubble. The purchase market has been a different story.

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Appraisal Contracts Business Mortgage 52

Will Springer Realtor

MAY 9, 2022

DID SOMEBODY SAY, ‘HOUSING BUBBLE?’. Are we in a housing bubble? The housing market has become bubbly,” said economist Enrique Martinez-Garcia of the Federal Reserve Bank of Dallas. He was one of the authors of a recent report that found signs of a housing bubble in the real estate market.

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Architecture Design Buyers Construction 36