Appraisal Buzz

JANUARY 15, 2025

Since 2013, the number of units renting for less than $1,000 per month (adjusted for inflation) has declined by 7.5 For middle-income renters, residual incomes have declined by about 10% since 2001, while higher-income households have seen little to no change. million.

Construction 397

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Housing Wire

MAY 20, 2024

Between 2013 and 2022, title insurers recorded 203,181 claims for policies written during that time, and they paid out $4.4 The study examined 127,000 claims associated with policies issued between 2013 and 2022, and it delved into the most common sources of title insurer losses and claims expenses throughout the decade.

Insurance 497

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Appraisal Buzz

NOVEMBER 14, 2024

In determining the best day of the year to purchase a home, ATTOM analyzed calendar days in the last 11 years (2013-2023) with at least 15,000 single-family home and condo sales. While still above market value, homebuyers are only paying a 4.8% premium, compared to the 14.6% premium buyers are seeing on May 27.

Market Value 368

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Appraisal Buzz

JANUARY 2, 2025

The excessive costs of moving, or paying rental brokers in cities like New York, has also discouraged renters from moving regularly. Nearly one in six (17%) renters had lived in the same property between five and nine years in 2023, compared to 14.4% Nearly the same number (16.6%) stayed in the same home for 10+ years, compared to 13.9%

Construction 418

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Housing Wire

MARCH 30, 2021

The Housing Policy Council sent a letter to the Consumer Financial Protection Bureau on Tuesday expressing its opposition to delaying the implementation of the Final QM Rule and expiration of the 2013 QM Rule, set to take effect on July 1, 2021. 1, 2022 and opened up a comment period.

Mortgage 476

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Housing Wire

NOVEMBER 12, 2024

Hitt began his career at Engel & Völkers Americas in 2010 and has served as the firm’s CEO and president since 2013. The brokerage firm announced Tuesday that Hitt will be stepping down from his leadership roles at the end of 2024 in order to “focus on personal endeavors.”

Brokerage 284

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Appraisal Buzz

FEBRUARY 17, 2025

have a rate of 4%-4.99%, the lowest share in records dating back to 2013. Greater than or equal to 6% : 17.2% of mortgaged homeowners have a rate greater than or equal to 6%, the highest share since Q4 2016. 5%-5.99% : 9.5% have a rate of 5%-5.99%, the lowest share since Q4 2022. 4%-4.99% : 18.1% 3%-3.99% : 33.9% Below 3% : 21.3%

Mortgage 347

Mortgage Real Estate Agent Home Value Agents 347

Housing Wire

FEBRUARY 22, 2024

While other racial and ethnic demographics have seen an increase in household wealth during that same period, Latinos were the only racial or ethnic demographic to increase their wealth by more than threefold over the last decade from $19,998 in 2013. This was a substantial increase from 2013 when Latinos held just 26.7%

Real Estate 435

Real Estate Investing Mortgage Finance 435

Housing Wire

APRIL 1, 2025

In 2013, Corn and his partners launched RMF , which became a leading reverse mortgage lender. Corn is a longtime reverse mortgage industry professional, having served in leadership roles at Financial Freedom and EverBank Reverse Mortgage , and as vice president for MetLife s reverse mortgage division.

Insurance 249

Insurance Finance Investing Design 249

Appraisal Buzz

JANUARY 31, 2022

With an emphasis on the Golden State, investors in 2021 comprised the highest share of single-family home and condo sales nationwide since 2013. The post Institutional Investors Reach Seven-Year High in Home Purchases appeared first on DSNews.

Investors 397

Investors Appraisal 397

Housing Wire

FEBRUARY 22, 2022

In 2013, the CFPB accused Ocwen of “engaging in significant and systematic misconduct.” The accusations were resolved with a consent order issued December 17, 2013, shielding the servicer from future actions arising from the alleged practices up to that point. the watchdog agency moved in early February to overturn the decision.

Law 397

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Housing Wire

MARCH 19, 2024

Nierenberg joined the company in 2013 and has recently repositioned it from a real estate investment trust (REIT) into a leading global asset manager. Nierenberg has been the president and CEO of Rithm since November 2013 and chairman since May 2016. Morgan , Bear Stearns , and Lehman Brothers. In 2023, Rithm announced a $532.7

Loan Officers 445

Loan Officers Retail Real Estate Mortgage 445

Housing Wire

DECEMBER 14, 2022

Prior to this role, Ralston served as the senior vice president of mortgage banking at NexBank since 2013. Earlier this month, NexBank Capital promoted Rhett Miller to executive vice president and chief banking officer from chief credit officer, a role he’s had since 2013. Ralston is also the president of NexBank Title, Inc.

Lending 418

Lending Business Mortgage Finance 418

Housing Wire

MAY 18, 2021

states from 2013 to 2020, correlated with rates of sales tax, income tax and property tax in 2020. Florida, specifically, has the seventh-lowest tax rate in the country and gained more residents than all but four other states from 2013 to 2020. The trend is reversed in high-tax states, where an average of 2.5

Real Estate 459

Real Estate Property Taxes Agents Buyers 459

Housing Wire

JULY 1, 2024

Census Bureau data from 2013 to 2022 to determine the fastest-growing housing markets in terms of single-family and multifamily homes added. Suburbs and exurbs have populations below that cutoff, with exurbs defined as places with a population density of less than 250 residents per square mile in 2013.

Inventory 448

Inventory Housing Market Real Estate Marketing 448

Housing Wire

FEBRUARY 8, 2025

I do not see any big extra selling pressure in the data early on; getting between 80,000 and 110,000 during the seasonal peak weeks was normal between 2013 and 2019. Last week was slightly lower than what I was looking for, which can put my call at risk.

Mortgage 492

Mortgage Inventory New Listings Contracts 492

Housing Wire

DECEMBER 27, 2024

Paperback Audiobook Best books for real estate agent productivity The One Thing by Gary Keller & Jay Papasan One of the top productivity books out there, The One Thing has been a bestseller since it was published in 2013. This is one of my favorite books and one that Ive read multiple times.

Real Estate Agent 397

Real Estate Agent Real Estate Agents Business 397

Appraisal Buzz

NOVEMBER 15, 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. Notably, while credit availability was higher over the month, it was for a specific segment of borrowers.

Mortgage 195

Mortgage Government Lending Technology 195

Appraisal Buzz

FEBRUARY 4, 2025

From 2013-2022, insurance as a percentage of mortgage payments more than doubled, rising from 7%-8% to over 20% of mortgage costs. Key Findings Climate risk reshaping real estate fundamentals: Climate change is transforming the U.S. population movement for decades, is being fundamentally disrupted by climate change impacts.

Real Estate 391

Real Estate Marketing Insurance Property Taxes 391

Housing Wire

MAY 1, 2023

To understand how this might happen, consider Figure 3 below, which depicts actual net loss rates for mortgages purchased by Fannie Mae for two different sets of vintages; a more severe period represented by origination years 2005-2007, and 2013-2015 representing a much more favorable period of time.

Mortgage 435

Mortgage Insurance Development Business 435

Housing Wire

APRIL 1, 2024

Meanwhile, homeowners who bought in January 2000, January 2006 and January 2013 have received boosts of $414,000, $338,000, and $343,000, respectively. Overall, U.S. homeowners held $31.8 trillion in home equity at the end of 2023, up from $15 trillion in 2006, the previous peak of the housing cycle.

Investing 468

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Appraisal Buzz

OCTOBER 28, 2024

million appraisals conducted from 2013 through 2022. In September, FHFA previously released aggregate data for the GSEs from the first quarter of 2013 through the second quarter of 2024. The appraisal-level PUF for FHA-insured mortgages contains details on approximately 266,000 single-family appraisals conducted from 2017 through 2022.

Appraisal 409

Appraisal Insurance Valuation Property Appraisal 409

Housing Wire

FEBRUARY 27, 2025

As one of the first lenders in the non-QM lending space in 2013, the company maintains a staff of experienced underwriters and mortgage operations professionals who can adapt to any situation immediately, regardless of how challenging things may seem. People that know the non-QM space Acra Lending invests in its team like no other.

Lending 313

Lending Technology Tools Mortgage 313

Housing Wire

JANUARY 11, 2022

Fannie Mae opened 2022 with its 45 th credit-risk transfer (CRT) deal through its Connecticut Avenue Securities (CAS) real estate mortgage investment conduit, or REMIC, bringing the collective value of notes issued through the conduit to nearly $52 billion since the first offering in 2013. trillion.

Investors 435

Investors Valuation Government Mortgage 435

Housing Wire

JANUARY 3, 2025

Cox, a 25-year industry veteran, founded Results Realty in 2013 and runs it as a full-service real estate firm that can represent home buyers and sellers across all price points and stages of homeownership, including first-time buyers. On the 2024 RealTrends Verified rankings, Cox ranked No. 67 in Illinois in sides with 61 and No. million.

Realty 435

Realty Real Estate Clients Agents 435

Housing Wire

JUNE 14, 2024

In March, Freddie Mac announced that its president, Michael Hutchins — a 30-year veteran of the mortgage industry who joined the GSE in 2013 — had been appointed as interim CEO. Its CEO, Michael DeVito , retired in the first quarter of 2024, less than three years into the job. Freddie Mac reported a full-year profit of $10.5

Finance 459

Finance Government Mortgage Marketing 459

Housing Wire

JUNE 17, 2024

Abarca joined loanDepot as an underwriter in 2013 and became vice president of lending operations in 2021. Abarca will lead loanDepot’s loan processing, underwriting and closing operations, which in the first quarter of 2024 were responsible for closing $4.6 billion in mortgages, down from $5.3 billion in the previous quarter.

Lending 448

Lending Mortgage Tools Development 448

Housing Wire

APRIL 20, 2021

In analyzing more than 7 million homes sold between 2013 and the beginning of 2021, Redfin found homes in Black neighborhoods are undervalued by an average of $46,000 compared to homes in primarily white neighborhoods, the company said. “That’s $46,000 that would multiply as the years go on and benefit future generations.”

Home Value 493

Home Value Investing Lending Real Estate 493

Housing Wire

JULY 17, 2024

billion in sales volume, the most of all international buyers, a trend that dates back to 2013. Chinese buyers had the highest average purchase price at $1.3 million and they purchased a total of $7.5 Buyers from Canada ($5.9 billion), India ($4.1 billion), Mexico ($2.8 billion) and Colombia ($0.7

Buyers 516

Buyers Inventory Realtors Real Estate 516

Housing Wire

AUGUST 17, 2020

Additionally, California’s housing inventory had a 48% year-over-year decline, the biggest drop in active listings since January 2013. The post Sales of higher-priced properties drive California median home price to new high in July appeared first on HousingWire.

Housing Market 525

Housing Market Realtors Inventory Marketing 525

Housing Wire

NOVEMBER 16, 2023

FHA applications reached highest share of new-home applications since 2013 In October, FHA applications represented 26.3% “We estimate that the pace of home sales increased for the third straight month to a 715,000-unit annual pace — the strongest sales month since May 2023.”

Mortgage 482

Mortgage Construction Inventory Buyers 482

Housing Wire

NOVEMBER 30, 2020

and is the largest premium since at least 2013, when Redfin began recording this data. The average single-family home in the U.S. sold for an average of 17.3%, or $58,000 more than the typical condo , Redfin said. This is up from last year’s 15.4% In October, the median sale price of single-family homes rose 15.5%

Buyers 482

Buyers Marketing Housing Market Real Estate 482

Housing Wire

APRIL 5, 2022

“Instead, Wells Fargo argued that even after the CFPB’s 2013 amendments, Regulation X didn’t require it to respond to the borrowers’ requests, which asked for things like transaction histories and the identities of their loans’ owners.”. Presented by: Newbold.

Modernization 435

Modernization Law Mortgage Real Estate 435

Housing Wire

NOVEMBER 15, 2022

This caused it to reach its lowest level since March 2013, according to the MBA. The mortgage credit availability index (MCAI) fell by 0.5% last month, marking eight consecutive months of decline.

Lending 501

Lending Government Mortgage Housing Market 501

Housing Wire

DECEMBER 10, 2020

The Fed went through three rounds of quantitative easing plans, which lasted until December 2013 when the Fed finally announced a taper, slowly reducing the billions of dollars it was spending. This unconventional monetary policy is designed to encourage lending and investment, adding money back into the economy and lowering interest rates.

Marketing 459

Marketing Lending Design Government 459

Housing Wire

AUGUST 25, 2021

Mortgage industry groups on Tuesday made their voices heard in response to the Department of Housing and Urban Development ’s proposed reinstatement of its 2013 disparate impact rule. Numerous industry stakeholders asked HUD to make some changes to the regulation to raise and further explain the threshold for disparate impact claims.

Legal 418

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Housing Wire

AUGUST 20, 2024

253 Realty was founded in 2013 by Shawn Viguerie. On Monday, Better Homes and Gardens Real Estate (BHGRE) Northwest Home Team announced its acquisition of Tacoma, Washington -based 253 Realty. The financial terms of the deal were not disclosed. Prior to venturing out on his own, Viguerie served as a managing broker at another local firm.

Real Estate 448

Real Estate Realty Agents Clients 448