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.

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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.

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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

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Housing Wire

FEBRUARY 14, 2022

Court of Appeals for the Eleventh Circuit, Lawrence DeMille-Wagman, CFPB’s attorney, argued that a consent agreement from 2013 did not excuse the mortgage servicer from future violations and that Ocwen is on the hook for alleged wrongdoings. Last March, U.S. The CFPB declined to comment. Ocwen did not return a request for comment.

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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.

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Appraisal Buzz

NOVEMBER 22, 2024

from Q1 of 2013. The Index cost basis is January 2013, and the report is updated quarterly. According to the Q3 2024 Verisk Remodel Index , the cost of home repairs and remodeling in the third quarter of 2024 continued to increase, rising by 1.08% quarter-over-quarter, and just over 3.35% from the third quarter of.

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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.

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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.

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Housing Wire

JANUARY 30, 2024

billion in non-QM loans since the company’s inception in 2013, according to its release. In addition, Fed data shows that outstanding debt linked to home equity products also increased in the third quarter to $501 billion, up 2.3% from $490 billion in the second quarter. Angel Oak has originated $9.4

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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.

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Housing Wire

MAY 17, 2021

Freddie Mac implemented the CRT structure in 2013 to reduce the taxpayer’s exposure to its mortgage risks, shifting the risk of credit losses on the mortgages they insure onto investors. From 2013 to February 2021, the GSEs shed $126 billion of risk, at a net cost of $15 billion.

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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

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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.”

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Housing Wire

MARCH 11, 2024

Founded in 2013, Floify — a subsidiary of Porch Group Inc. — .” Floify plans to roll out new integrations with popular borrower verification report providers and an e-closing vendor, as well as enhanced functionality with existing integration partners in the coming months.

Mortgage 448

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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.

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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.

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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%

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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.”

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Mortgage Construction Inventory Buyers 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.

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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.

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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.

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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.

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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 446

Real Estate Realty Agents Clients 446

Housing Wire

FEBRUARY 26, 2021

In his opinion piece, Mohtashami states, “For 2021, we need to root for a repeat of what happened in 2013-2014 and 2018-2019. During the interview, HW+ Managing Editor Brena Nath interviews Mohtashami on his most recent article , “We need higher mortgage rates to cool the housing market.”.

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Mortgage Housing Market Marketing 421

Housing Wire

DECEMBER 4, 2023

Founded in 2013, Floify — a subsidiary of Porch Group Inc. — is a software development company that offers a digital loan origination and POS system for the mortgage industry. The Colorado-headquartered firm was acquired by publicly traded proptech company Porch Group, Inc. in an $87 million deal in 2021.

Lending 468

Lending Mortgage Real Estate Agent Design 468

Housing Wire

FEBRUARY 18, 2021

“For 2021, we need to root for a repeat of what happened in 2013-2014 and 2018-2019,” said Mohtashami. Healthy gains in prices peak closer to 4.6%, but the market is hovering just above 9.5% per the S&P CoreLogic Case Shiller index , which is lagging current data now, Mohtashami said.

Mortgage 545

Mortgage Supply Chain Lending Marketing 545

Housing Wire

FEBRUARY 3, 2022

Freddie Mac’s CRT program was founded with its issuance of the first STACR notes in July 2013. It was introduced in November 2013. Freddie’s other single-family CRT program, the Agency Credit Insurance Structure (ACIS) program, shares risk with re-insurance companies. housing market,” Freddie Mac states in a press release.

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Housing Wire

MARCH 27, 2024

Davids, who has been a foundation staff member since 2013 as a senior vice president, is also a former foundation trustee and has served various roles in Ohio politics over the past 40 years. She served as mayor of LaRue, Ohio; as director of constituent inquiries in the office of former Gov.

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Appraisal Contracts Real Estate Valuation 456

Housing Wire

JULY 29, 2022

With the completion of this eighth CAS transaction of 2022, Fannie Mae will have brought a total of 52 CAS deals to market since the program was started in 2013 , issued some $58 billion in notes, and transferred a portion of the credit risk to private investors on over $1.9

Insurance 391

Insurance Investors Mortgage Design 391

Housing Wire

SEPTEMBER 12, 2023

Mortgage credit availability increased slightly in August but remained close to the very low levels last seen in January 2013, according a report from the Mortgage Bankers Association.

Mortgage 418

Mortgage Government Lending Marketing 418

Housing Wire

APRIL 8, 2022

In 2013, the CFPB accused Ocwen of “engaging in significant and systematic misconduct that occured at every stage of the mortgage servicing process.” 17, 2013, shielding the servicer from future actions arising from the alleged practices up to that point. Those accusations were resolved with a consent order issued Dec.

Law 397

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Housing Wire

MAY 13, 2024

When Standowicz started at UWM in 2013 she was on a team of about 100 underwriters. Fast forward to 2013, I joined UWM as an FHA Senior Underwriter and quickly rose through the ranks to become an underwriting leader, guiding a group of underwriters to ensure loans are processed accurately, quickly and consistently.

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Technology Training Clients Tools 448

Housing Wire

SEPTEMBER 18, 2024

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 The figure is likely underreported, which could be due to fear, embarrassment or a lack of understanding of the abuse being committed.

Finance 464

Finance 464

Housing Wire

NOVEMBER 21, 2023

When we started using this phrase in 2013, it was providing education around the launch of the newly created Consumer Financial Protection Bureau. Having referred to this phrase for over 10 years, the explanation we’ve used is as adaptable and forward thinking as the saying is supposed to be.

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Housing Wire

MARCH 26, 2021

The lawsuit, which combined two legal actions that were designated a class action, was filed on behalf of 5,377 loan officers and other mortgage staffers employed by the bank in California from 2013 and 2019. James Kang, the lead plaintiff, said Wells Fargo illegally clawed back compensation.

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Housing Wire

JANUARY 20, 2022

From 2009 to 2013, buyers spent more than 12 weeks looking for a home, but in 2021, they searched for just eight weeks, according to NAR. In 2021, 95% of buyers use online tools to look for houses, with 51% reporting that they found their eventual home online.

Buyers 448

Buyers Inventory Open Houses Technology 448

Housing Wire

NOVEMBER 17, 2023

Founded in 2013, CBC Mortgage Agency’s Chenoa Fund program completed more than 40,000 mortgage transactions since its inception, according to its website. By meaningfully reducing our rate, more borrowers stand a better chance at qualifying,” said Miki Adams , president of CBC Mortgage Agency.

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Mortgage Finance Housing Market Marketing 448