Housing Wire

JANUARY 13, 2022

The leading plaintiffs are two couples, Phillip and Sara Alig and Daniel and Roxanne Shea, who refinanced their mortgages in 2007 and 2008, respectively. Expert witnesses estimated the actual 2007 value of their home to be as much as $26,000 less than the appraised value. The Aligs obtained a $113,000 loan, putting them underwater.

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Appraisal Law Valuation Home Value 397

Housing Wire

MARCH 23, 2023

Back in 2007 — after existing home sales got as low as we have seen in the recent data as the chart below shows — total active listings were above 4 million. This is a massive difference in inventory data and a plus for the homebuilders, which they didn’t enjoy in 2007. Census Bureau and the Department of Housing and Urban Development.

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Inventory Housing Market Construction Marketing 529

Housing Wire

FEBRUARY 10, 2022

This acquisition expands our footprint in the digital mortgage ecosystem, and we are thrilled to have them join us as we continue to develop innovative and streamlined technology solutions in the lending space.”. In January, the company also added a new director of business development. This is a developing story.

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Development Modernization Technology Mortgage 325

Housing Wire

JULY 26, 2023

During the housing bubble crash years, active listings grew to more than 4 million in 2007 because most of the inventory in the U.S. NAR active listings data (see chart below): 2007: 4 million active listings 2023: 1.08 Census Bureau and the Department of Housing and Urban Development. comes from the existing home sales market.

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Inventory Construction Sellers Marketing 303

Housing Wire

JANUARY 27, 2023

Back in the 2007-2009 meltdown, we had loan officers with us at that time. Under the revamped mode, business development officers build relationships with real estate agents to get leads and client advisors take incoming leads from borrowers.

Lending 356

Lending Real Estate Agent Loan Officers Retail 356

Housing Wire

MAY 30, 2024

Ironically, the technology he’s developed can be a benefit to real estate agents as well. SW: Why did you want to develop this platform? BR: This really came out of decades of being in the mortgage business. SW: So are you a tech guy or did you have to go find tech guys to implement your vision? And that’s what I did.

Real Estate Agent 344

Real Estate Agent Real Estate Sellers Agents 344

Housing Wire

JANUARY 11, 2022

In addition, Redfin expects to incur a non-cash impairment charge of $2 million to $3 million on mortgage-specific, internally developed software. Founded in 2007, Corte Madera-based Bay Equity originated a volume at $8.5 billion in 2021, nearly ten times the size of Redfin’s existing portfolio.

Loan Officers 450

Loan Officers Lending Real Estate Brokerage 450

Housing Wire

FEBRUARY 22, 2023

In 2007 I was based in Sichuan Province, China, working on economic development research with a fellowship under an Oxford program. What was your introduction into the industry? MPY: I actually first started working on housing finance under very different circumstances — and in a different country!

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Finance Business Government Development 345

Housing Wire

MAY 4, 2021

By 2007, Reaves joined MCS as its president and was promoted to CEO two years after where she went on to help lead the company’s explosive growth from a one-office, 40-employee operation to a national presence with over 800 employees.

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Contracts Development Business Mortgage 236

Housing Wire

APRIL 2, 2021

“The prime-age labor force participation rate fell in the aftermath of the Great Recession and it took a decade to return to the pre-Great Recession average (2001-2007) of 83%,” Kushi said. Despite increased rate of tech adoption, the mortgage industry still has room for continued development and processes.

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Inventory Construction Housing Market Business 497

Housing Wire

MAY 11, 2022

The position is part of the Department of Housing and Urban Development. According to her LinkedIn profile, Gordon had stints at the Center for Responsible Learning from 2007 to 2011, at the Federal Housing Finance Agency (FHFA) from 2011 to 2012, and at the Center for American Progress from 2012 to 2015.

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Government Finance Development Mortgage 380

Housing Wire

MAY 3, 2023

The Federal Reserve (Fed) raised its key federal funds rate for the 10th consecutive time, announcing a 0.25% rate hike Wednesday to 5% to 5.25%, a level they have not reached since 2007. ” The Fed reiterated that it would continue to reduce its holdings of Treasury securities, agency debt and agency-backed mortgage-backed securities.

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Real Estate Agent Inventory Loan Officers Mortgage 368

Housing Wire

MARCH 1, 2022

Anderson, who has had a variety of roles in housing for over two decades , was a senior business manager at Fannie Mae from 2003 to 2007. She also briefly worked at the Department of Housing and Urban Development as an attorney in the Office of General Counsel, from 2010 to 2011. It will not be her first time at Fannie Mae.

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Human Resources Government Finance Mortgage 326

Housing Wire

JANUARY 27, 2023

The builders actually lucked out here because back in 2007, we had over 4 million active listings of existing home, which are usually cheaper than comparable new homes. Census Bureau and the Department of Housing and Urban Development. Here’s the breakout: 71,000 new homes have been completed: 1.4 months of supply. percent (±18.5

Mortgage 530

Mortgage Construction Buyers Inventory 530

Housing Wire

MAY 23, 2023

Census Bureau and the Department of Housing and Urban Development. This is different from the 2007 housing market when the builders’ sales were still collapsing and monthly supply spiked with rising cancellation rates. percent (±11.8 percent)* above the revised March rate of 656,000 and is 11.8 percent (±15.1

Inventory 516

Inventory Housing Market Construction Marketing 516

Housing Wire

JUNE 27, 2023

In 2007, we had more than 4 million total active listings, which was too much supply for the builders to compete effectively. Census Bureau and the Department of Housing and Urban Development. But a bigger story here is that the builders’ biggest competition isn’t other builders — it’s the number of existing homes on the market.

Construction 477

Construction Inventory Marketing Buyers 477

Housing Wire

JANUARY 20, 2021

Every year since 2007, the rate of household formations outstripped the number of housing completions, despite relative strength in both the overall housing market and U.S. Other countries, including England, have developed digital national systems for processing and recording mortgage and property transactions. consumer spending.

Renovations 394

Renovations Law Development Real Estate 394

Housing Wire

AUGUST 5, 2022

This week I presented my six recession red flag model to the Committee For Economic Development of The Conference Board (CED) — the committee that created the leading economic index. “Since its inception in 1942, CED has addressed national priorities to promote sustained economic growth and development to benefit all Americans.

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Development Housing Market Marketing Business 537

Housing Wire

OCTOBER 28, 2020

The Company does not intend to comment further on market speculation or disclose further developments unless and until it deems further disclosure to be appropriate or required.”. CNBC reported on Wednesday that multiple parties were interested in pursuing a deal with CoreLogic, and that these include private equity firms.

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Investors Buyers Investing Technology 311

Housing Wire

JULY 15, 2022

This includes developing a stronger knowledge about mortgage products, origination, compliance and regulatory matters, how loan officers operate day to day and mortgage sales. Brian Gubernick : No question, the greatest learning opportunity I’ve experienced was the 2007-2008 housing market crash.

Real Estate 348

Real Estate Realtors Brokerage Business 348

Housing Wire

JUNE 14, 2023

The Federal Reserve (Fed) maintained the federal funds rate in the 5% to 5.25% range on Wednesday, following 10 consecutive hikes that brought rates to a level never seen since 2007. But it’s a delicate balance.

Mortgage 365

Mortgage Real Estate Investors Marketing 365

Housing Wire

JULY 26, 2022

Census Bureau and the Department of Housing and Urban Development. NAR: Total Inventory Data 2007 Peak Roughly 4,000,0000 2022 1,260,000. family houses in June 2022 were at a seasonally adjusted annual rate of 590,000, according to estimates released jointly today by the U.S. percent (±15.0 percent (±11.6

Construction 498

Construction Housing Market Inventory Marketing 498

Housing Wire

MARCH 23, 2021

In a pilot program we developed, a technology solution was able to successfully scan a small batch of loans to detect undisclosed property liabilities such as tax liens and child support/alimony payments. Banks have no choice but to honor these loans and, in the 2007 financial crisis, we saw the devastating consequences.

Lending 399

Lending Mortgage Sellers Technology 399

Housing Wire

NOVEMBER 4, 2022

To illustrate the potential speed and size of impact on the MMI Fund, consider a similar 17% decline during the period between 2006 to 2009, highlighted in FHA’s FY2021 annual report, when HPA dropped from roughly 32% in 2007 to 15% in 2009. Department of Housing and Urban Development from 2019-2020 and FHA Commissioner to the George W.

Insurance 322

Insurance Mortgage Development Valuation 322

Housing Wire

SEPTEMBER 23, 2022

Last year, NCRC defended extending CRA to IMBs by citing Massachusetts, which did so in 2007. Community banks are developing loan programs, such as offering 100% financing without mortgage insurance in conjunction with down payment assistance.

Lending 306

Lending Mortgage Insurance Finance 306

Housing Wire

NOVEMBER 13, 2020

3% away from levels seen in 2007. Dana Wade, FHA commissioner and assistant secretary for the Department of Housing and Urban Development , spoke to HousingWire Digital Producer Alcynna Lloyd in an exclusive interview and gave her perspective on the annual report.

Insurance 307

Insurance Mortgage Development Marketing 307

Housing Wire

NOVEMBER 6, 2020

In the latest third-quarter GDP data, residential fixed investment (RFI), which is the measure of the home building, multifamily development and remodeling contributions to GDP, had its highest reading since 2007, Kushi noted. But despite residential construction employment climbing back to only 0.8%

Construction 336

Construction Housing Market Retail Business 336

Housing Wire

OCTOBER 13, 2020

In June 2007, Apple shook the world to its cellular core when it released the first-generation iPhone. Instead of having to wonder whether autopilot subservicing is getting the job done, we will develop a completely transparent relationship with you, centered around our SIME (Servicing Intelligence Made Easy) technology.

Clients 347

Clients Development Inventory Technology 347

Lamacchia Realty

JANUARY 20, 2023

He spent the first few months of the year working with our business development team growing the company and then switched back to being a REALTOR®. Anthony Lamacchia Broker/Owner Jason began his remarkable career in real estate in 2007, and officially joined Lamacchia in the spring of 2021. This is so well deserved!

Realtors 59

Realtors Realty Development Business 59

Housing Wire

NOVEMBER 17, 2022

And FHA acknowledged that even under a 2007-level stress test scenario, the capital ratio would still exceed 6% — more than three times its requirement statutory minimum. FHFA’s recent fee cut for first-time homeowners and FHA’s very strong financial report are positive developments. The current 11.1% capital ratio is more than 5.5

Mortgage 244

Mortgage Finance Design Insurance 244

Housing Wire

MARCH 10, 2022

trillion in 2021 vs. approximately $400 billion in 2007.”. Department of Housing and Urban Development (HUD). Ginnie Mae makes it possible for lenders to originate qualifying mortgages that they can then securitize through the government-sponsored agency.

Mortgage 281

Mortgage Insurance Government Investors 281

Housing Wire

MARCH 17, 2022

Gone are the seller-funded downpayment assistance loans that cost the fund over $16 billion and FHA’s low average credit scores in the run-up to the housing crisis that bottomed out at 630 for FY 2007. Brian Chappelle is a partner at Potomac Partners and a former director of single-family development at both the FHA and HUD.

Insurance 386

Insurance Finance Mortgage Sellers 386

Housing Wire

MAY 17, 2022

During her visits, one thing stood out to Golding, who served as the Department of Housing and Urban Development ’s principal deputy assistant secretary from 2015 to 2017. Gordon also said that the FHA could provide expanded access to the program for nonprofit affordable-housing and community development groups. Twitter woes.

Insurance 307

Insurance Development Housing Market Mortgage 307

Will Springer Realtor

APRIL 16, 2024

In King County, greenhouse gas emissions have risen by 11% from 2007 to 2019, driven largely by population growth and increased carbon dioxide output. Local governments across Washington are currently revising their Comprehensive Plans , which serve as blueprints for zoning and development.

Law 60

Law Technology Government Real Estate 60

Housing Wire

AUGUST 21, 2023

769 InstaLend 766% 2015 A tech-enabled real estate loan lender providing fast and affordable capital to residential developers through streamlined technology and automated workflow. Year Founded Description 98 OptiFunder 4,767% 2018 Finance company helping independent mortgage lenders choose among funding options and streamline the process.

Real Estate 346

Real Estate Real Estate Agent Technology Investors 346

Housing Wire

JULY 28, 2021

Department of Housing and Urban Development (HUD) when the loan balance reaches 98% of the maximum claim amount (MCA) — has increased, which doesn’t actually remove such loans from the broader penetration equation, he says. So, for both of those reasons, we’re actually seeing penetration go down.”.

Business 293

Business Mortgage Clients Marketing 293

Housing Wire

MAY 10, 2022

“Eric Hill engaged in premeditated criminal acts with the sole purpose of enriching himself, without regard for millions of American homebuyers who rely on federal housing programs to insure their mortgages,” Wyatt Achord, special agent in charge with the Department of Housing and Urban Development (HUD) Office of Inspector General, said in a U.S.

Mortgage 372

Mortgage Marketing Finance Insurance 372