Housing Wire

NOVEMBER 15, 2024

Look at the difference between this week in 2024 versus the same weeks in 2009-2011. New listings data this week: 2024: 48,863 2009: 274,614 2010: 359,534 2011: 315,915 These credit-stressed sellers did not turn around and buy another home, so they created years of elevated distress supply in the marketplace.

New Listings 521

New Listings Sellers Mortgage Law 521

Housing Wire

MAY 23, 2024

Uses of proceeds In 2011, HUD began asking borrowers how they planned to use their loan proceeds by adding a new section to the HECM loan application, so the data is incomplete for the full examination period. Since 2011, roughly half of all borrowers chose only one reason, while the other half selected multiple reasons.

Home Value 456

Home Value Development Property Appraisal Mortgage 456

Housing Wire

OCTOBER 4, 2024

As a frame of reference, in 2011, the collective level of senior-held equity sat at roughly $3 trillion. Senior homeowners were beneficiaries of the acceleration in home prices seen during the COVID-19 pandemic. By Q3 2021, it topped $10 trillion for the first time. And in Q1 2022, it exceeded $11 trillion.

Home Value 468

Home Value Mortgage Marketing Finance 468

Eyes on Housing

OCTOBER 20, 2021

Despite the volatility surrounding the recent COVID-19 pandemic, the housing market has shown remarkable resilience, fueled by demographic tailwinds and a housing shortage due to a decade of underbuilding.

Marketing 199

Marketing Construction Housing Market 199

Housing Wire

MARCH 26, 2024

On March 22, Moulder, who worked with Keller Williams from 2002 to 2011, filed a complaint aiming for class-action status in the U.S. The following day, Bueker, a former KW agent from 2003 to 2011, filed a similar complaint in the U.S. District Court for the Western District of Texas in San Antonio.

Brokerage 511

Brokerage Legal Agents Realty 511

Housing Wire

AUGUST 2, 2024

The company, founded in 2011 as a mortgage broker, transitioned to a mortgage lender in 2017. Garden State had 34 sponsored loan officers and two active branches—in Medford (New Jersey) and Maitland (Florida)—as of Friday, per the Nationwide Multistate Licensing System (NMLS). Its website says the lender has funded over $5.6

Loan Officers 460

Loan Officers Lending Clients Development 460

Housing Wire

SEPTEMBER 11, 2020

to the lowest in the data series that goes back to 2011, the report said. Measuring credit availability by loan type, the Conforming MCAI that tracks loans backed by Fannie Mae and Freddie Mac fell 8.6% The Jumbo MCAI measuring high-balance loans fell 8.9%, and the Conventional MCAI that measures loans not backed by the government fell 8.7%.

Mortgage 545

Mortgage Government Contracts Lending 545

Housing Wire

DECEMBER 2, 2024

Camber Creek was founded in 2011 with a focus on real estate and it has almost $1 billion in assets. The company has capitalized by adding agents and teams at breakneck speeds. Among the additions this year are brokerages in Atlanta, South Carolina and New Jersey.

Development 417

Development Brokerage Technology Real Estate 417

Appraisal Buzz

AUGUST 13, 2021

Economic data inspired the move on Friday with Consumer Sentiment falling to the lowest levels since 2011 , just edging out the lows seen at the start of the pandemic. They’ve been slow to recover, but Friday went a long way toward solidifying the short-term ceiling. The University of Michigan, which has.

Realtors 370

Realtors Construction Appraisal Mortgage 370

Housing Wire

NOVEMBER 13, 2023

Since placing this business in run-off in 2011, we have been able to preserve significant value for shareholders and we are grateful for the many years of hard work and dedication of our RMIC associates,” Craig Smiddy, the CEO and president of Old Republic, said in a statement.

Insurance 459

Insurance Mortgage Business Development 459

Housing Wire

OCTOBER 31, 2024

Alliance Group Realty was founded in 2011 by Bob Clarkson and currently has over 70 agents. This acquisition expands the brand’s footprint in South Carolina and marks the entry of Howard Hanna | Allen Tate into the state’s Low Country region. Clarkson will remain with the firm, serving as an area manager and broker in charge.

Brokerage 423

Brokerage Realty Real Estate Agents 423

Housing Wire

MARCH 15, 2024

In 2011, the collective level of senior-held equity sat at roughly $3 trillion while in Q3 2021, the RMMI index rose by 4% , topping $10 trillion for the first time, while the index grew by 3.98% in Q4 2021. During Finance of America Companies Q4 earnings presentation last week, the company cited the Q3 2023 RMMI figure of $13.08

Home Value 459

Home Value Finance Mortgage Marketing 459

Appraisal Buzz

NOVEMBER 20, 2024

However, despite the across-the-board increases, overall credit supply remains tight, with the index still near the very low levels of 2011-2013,” said Joel Kan, MBA’s Vice President and Deputy Chief Economist. “Mortgage credit availability increased to its highest level since April 2023, driven by gains across all loan categories.

Mortgage 418

Mortgage Government Design Construction 418

Housing Wire

JANUARY 17, 2024

Dave and his wife Mary were instrumental in the 2011 creation of the MBA Opens Doors Foundation, which has helped more than 16,000 families with crucially ill or injured children stay in their homes while their child is in treatment.”

Finance 493

Finance Loan Officers Real Estate Development 493

Housing Wire

JUNE 24, 2022

The whistleblower claimed AFN knowingly underwrote certain FHA mortgages and approved for some mortgage insurance that didn’t meet FHA requirements or qualify for insurance between December 2011 and March 2019. AFN knowingly failed to perform quality control reviews that it was required to conduct, the former AFN loan processor alleged.

Insurance 394

Insurance Mortgage Government Lending 394

Housing Wire

NOVEMBER 20, 2023

He has been on NAR’s board of directors since 2011. He is the broker/owner of Better Homes Realty and Brown Commercial Investment Real Estate Services in Oakland, California , and was president of the California Association of Realtors in 2014.

Realtors 446

Realtors Realty Real Estate Government 446

Housing Wire

FEBRUARY 26, 2024

Previously called Hergenrother Realty Group , an expansion team founded in 2011, Livian launched in 2021 in partnership with Keller Williams.

Real Estate 452

Real Estate Real Estate Agent Human Resources Agents 452

Housing Wire

FEBRUARY 5, 2024

In 2011, only 13% of homebuilders worried about the cost of labor, versus 87% in 2019. Rising inflation came in second among the most widespread problems of 2023, cited by 83% of builders. In 2024, 52% expect it to remain an obstacle. Third, the cost and availability of labor were also major concerns in 2023.

Construction 467

Construction Housing Market Buyers Sellers 467

Housing Wire

DECEMBER 30, 2023

From 2008-2011, new listings data averaged between 250,000 and 400,000 , peaking near 400,000 in 2011. So even during the peak new listings seasonal period, inventory was much lower than the seasonal low period in 2008, which is the last week of the year.

Inventory 521

Inventory New Listings Housing Market Mortgage 521

Housing Wire

JANUARY 19, 2024

According to 2011 data from Harvard University ’s Joint Center for Housing Studies (JCHS), less than 4% of U.S. “We don’t have enough homes that meet our aging needs,” Harrell told MarketWatch. There are changes the housing industry can make. There are changes policy people can make so that people aren’t compromising. But we’re not there yet.”

Inventory 481

Inventory Renovations Construction Marketing 481

Housing Wire

DECEMBER 7, 2020

The monthly housing supply for the existing home sales has only gone above six months during the bust years after the housing bubble (2006-2011). This period was also during a lull in our prime-age labor force growth, so demand was soft during the years 2006-2011. million jobs lost.

Inventory 545

Inventory Construction Government Housing Market 545

Housing Wire

OCTOBER 10, 2022

The HPSI declined this month to its lowest level since October 2011,” Doug Duncan, Fannie Mae’s senior vice president and chief economist, said in a statement. The index is down 13.7 points from this time last year. In September, 75% of consumers said it was a bad time to buy, up from 73% in August.

Housing Market 418

Housing Market Marketing Real Estate Agent Real Estate 418

Housing Wire

AUGUST 13, 2020

In this testimony given before congress in March of 2011 Calabria stated this: “ Reducing the competitive advantage of Fannie Mae and Freddie Mac via a mandated increase in their guarantee fees would both help to raise revenues while also helping to “level the playing field” in the mortgage market. It’s time to take the gloves off.

Mortgage 535

Mortgage Finance Marketing Insurance 535

Housing Wire

JANUARY 11, 2024

He twice served as the Chairman of the Board of Registration of Real Estate Brokers and Salespersons in his home state of Massachusetts, having been appointed to the role in 2011 by Gov. Deval Patrick and again in 2019 by Gov. Charlie Baker.

Realtors 447

Realtors Real Estate Legal Law 447

Housing Wire

MARCH 17, 2023

In 2011, Sterling started its residential mortgage program, the Advantage Loan Program (ALP), which originated roughly $5 billion worth of loans between 2011 and 2019.

Loan Officers 396

Loan Officers Law Investors Mortgage 396

Housing Wire

DECEMBER 15, 2020

million since its founding in 2011, according to Crunchbase. .” Ross Shanken, founder and CEO of Jornaya, said in a statement that the acquisition will enable his team to increase its reach and drive better consumer engagement, acquisition and retention. Venture-backed Jornaya has raised a total of $19.7

Insurance 482

Insurance Clients Technology Development 482

Housing Wire

SEPTEMBER 16, 2024

in 2010, 2011, and 2016 and as high as 8.7% Still, despite the sharp reduction expected in this year’s COLA, the currently predicted increase of 2.5% is reasonably in line with the historic norm, TSCL said in its latest forecast. The COLA has averaged about 2.6% over the past 20 years,” the organization said. “It It went as low as 0.0%

Bracketing 456

Bracketing Finance 456

Housing Wire

SEPTEMBER 12, 2023

The conforming index dropped to its lowest level since 2011. As lenders seek to reduce costs, by cutting down on staff and streamlining product offerings, industry capacity continues to decline, noted Kan. Industry professionals also winded down on their product offerings.

Mortgage 418

Mortgage Government Lending Marketing 418

Housing Wire

JUNE 28, 2024

In 2011, the collective level of senior-held equity sat at roughly $3 trillion , while in Q3 2021, it topped $10 trillion for the first time. Senior homeowners were big beneficiaries of the run-up in home prices observed during the COVID-19 pandemic. In Q1 2022, it exceeded $11 trillion.

Transportation 397

Transportation Home Value Mortgage Marketing 397

Housing Wire

JULY 1, 2024

Despite only a little over a year at Anywhere, Atallah is no stranger to the real estate conglomerate, as he began his career in 2001 as an associate broker at Coldwell Banker before becoming a senior vice president there in 2011 and a regional vice president for the Greater Atlanta region in 2019. “I’m

Realty 448

Realty Real Estate Realtors Brokerage 448

Housing Wire

FEBRUARY 1, 2021

Since 2011, the number of existing single-family homes for sale has declined more than 30%. According to Habitat for Humanity , only 22% of homes built in 2018 were less than 1,800 square feet, down from an average of 32% from 1999-2011. . At the same time, we’ve seen an unprecedented increase in home prices.

Finance 435

Finance Buyers Modernization Construction 435

Housing Wire

SEPTEMBER 18, 2024

In 2011, data from the New York City Department for the Aging estimated that as many as one in 23.5 “FinCEN’s new annual projection is higher than the entire six-year period from 2013-2019 when FinCEN estimated the total risk of losses or actual losses to be $21.8 cases go unreported every year.

Finance 464

Finance 464

Housing Wire

JANUARY 20, 2022

Right after the Great Recession, between 2009 and 2011, buyers viewed a median of 12 homes before purchasing, as inventory was plentiful. NAR Research has tracked the number of homes viewed since 1987 and eight is the lowest number on record.

Buyers 448

Buyers Inventory Open Houses Technology 448

Housing Wire

SEPTEMBER 27, 2023

The 30-year fixed mortgage rate increased to 7.41%, the highest rate since December 2000, and the 30-year fixed jumbo mortgage rate increased to 7.34%, the highest rate in the history of the jumbo rate series dating back to 2011,” said Joel Kan, MBA ’s vice president and deputy chief economist.

Mortgage 466

Mortgage Contracts Inventory Marketing 466

Housing Wire

SEPTEMBER 6, 2023

“The documents listed below are select HUD-issued official rules, interpretations, or policy statements that fall within the scope of the official documents as defined in the 2011 Transfer Notice [empowering CFPB to enforce RESPA] and continue to be applied today by the CFPB,” the Bureau said of the recently-released list.

Mortgage 446

Mortgage Contracts Real Estate Development 446

Housing Wire

OCTOBER 17, 2022

This is the slowest quarter of growth since Q4 2011. We expect these trends to continue in the coming months,” Duncan said. Quarter over quarter, home prices rose a seasonally adjusted 0.2% in Q3 2022. On a non-seasonally adjusted basis, home prices were down 0.2% in the third quarter.

Inventory 417

Inventory Buyers Mortgage Housing Market 417

Housing Wire

AUGUST 16, 2022

Currently, we are in a much different housing recession than what we had from 2005-2011. Solid rental demand is keeping the multifamily construction going, but the weakness in single-family starts is here to stay; expect single-family starts to have their first decline since 2011. Why do I call it a housing recession?

Mortgage 533

Mortgage Construction Inventory Buyers 533