Remove 2008 Remove Contracts Remove Development Remove Lending
article thumbnail

How JVM Lending plans to expand without any loan originators

Housing Wire

California-based retail lender JVM Lending plans to drum up business this year — but by doing the exact opposite. After the 2008 mortgage meltdown, JVM let go of all its loan originators and trained its employees to target the jumbo loan market in the San Francisco Bay area instead.

Lending 359
article thumbnail

David Stevens, former FHA Commissioner and MBA President, has died

Housing Wire

Dave Stevens grew up in the mortgage business before serving the industry and its customers both as FHA Commissioner during and immediately after the 2008 financial crisis and then as President & CEO of MBA, where he was instrumental in rebuilding our organization and leading the industry out of the Great Recession.”

Finance 454
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What happens when borrowers have more control of the lending process?

Housing Wire

Yet borrowers have had limited agency in the lending process to date. FormFree, the ATP fintech led by HousingWire Tech Trendsetter Brent Chandler , is launching a blockchain-based exchange for consumers to take control of the lending process. The smart contract presents the borrower’s lending request to the exchange.

Lending 395
article thumbnail

Mortgage lenders, borrowers react to banks closures 

Housing Wire

” The MBA survey shows that the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) was 6.71% last week, down from the previous week’s 6.79%. It was the biggest bank failure since Washington Mutual collapsed in 2008. ”

Mortgage 351
article thumbnail

NFT mania and the future of the home sale

Housing Wire

Before starting Propy, Karayaneva ran a real estate investment firm in Bulgaria for 15 years and earned a master’s degree at the University of Oxford in sustainable urban development. between signing a contract to buy a home and purchase closing is 50 days, according to a September 2021 report from ICE Mortgage Technology.

article thumbnail

2021 Twin Cities Apartment Market Trends

Simonson Real Estate

Lenders want to lend. Some are seeing significant capital contraction in rent control markets. Rent control measures directly impact development and value-add. Lenders have pulled back or reduced appetite on lending in Minneapolis and St. Since 2008, the average has fallen to 1,077 permits per year.

Marketing 131
article thumbnail

Is This Discrimination?

Cleveland Appraisal Blog

Therefore, my opinion of value was in the mid-sixties, which was far below the contract price. What if my appraisal report, mysteriously came in at the same price as the contract price? . I saw this exact same scenario play out in the years leading up to 2008. We’ve all heard of predatory lending.

Appraisal 195