Appraisal Buzz

MARCH 25, 2024

from 436,807 in 2022 and the largest annual drop since 2008. The report further reveals that as the number of homes flipped by investors declined, so did flips as a portion of all home sales, from 8.6% Whether the overall market has soared or seen just modest gains in recent years, investors have missed out on the action.”

Renovations 334

Renovations Investors Inventory Sellers 334

Housing Wire

NOVEMBER 27, 2023

Investors featured leading Israeli institutional investors, such as Migdal Insurance , Psagot Investment House , More Investment House , and Shavit Capital. Veev was founded in California, in 2008 by Amit Heller, Ami Avrahami, and Dafna Akiva.

Inspection 419

Inspection Investors Investing Insurance 419

Housing Wire

JULY 26, 2022

The PSPAs have been formally amended just four times since 2008, the year the Treasury took control of warrants representing a 79.9% The post Treasury holds the cards on paused investor property and cash window caps appeared first on HousingWire. stake in each GSE. Those changes each centered around GSE finances.

Investors 357

Investors Finance Government Mortgage 357

Housing Wire

AUGUST 14, 2023

The case stems from the restructuring of the agencies in 2008. A group of GSE investors alleged that the government knew the GSEs would turn a huge profit after a $100 billion bailout from the Treasury in 2008. The arrangement essentially washed out private investors’ ownership interests in the GSEs.

Investors 345

Investors Government Law Investing 345

Housing Wire

MARCH 30, 2023

today and why they’re so different than the period of 2002-2008. However, the current housing market is much different than the credit boom-and-bust cycle of 2002-2008, and it’s vital to understand why. However, we aren’t going to see the credit availability collapse in the same way we did in 2008.

Housing Market 484

Housing Market Mortgage Law Marketing 484

Housing Wire

JUNE 1, 2021

The case stems from the restructuring of the agencies in 2008. A group of GSE investors alleged that the government knew the GSEs would turn a huge profit after a $100 billion bailout from the Treasury in 2008. The arrangement greatly diminished private investors’ ownership interests in the GSEs.

Investors 476

Investors Investing Government Finance 476

Housing Wire

OCTOBER 11, 2021

First and foremost, it is important to remember that more Americans are buying homes with mortgages in 2020 and 2021 than any single year from 2008-2019. From 2008 to 2019 we had the weakest housing recovery ever, following a bust. We had no chance of reaching this number during the years 2008 to 2019.

Housing Market 532

Housing Market Marketing Construction Investors 532

Housing Wire

FEBRUARY 10, 2023

This acquisition will provide us with an asset management platform to raise third-party capital on an ongoing basis from institutional investors who seek exposure to MSRs and other mortgage assets,” Chris Marshall, vice chairman and president of Mr. Cooper, told analysts during a call on Friday. residential markets over the last decade.

Investing 364

Investing Investors Insurance Government 364

Housing Wire

MAY 22, 2024

According to the analysts, when considering both enterprises, there’s a liquidation preference of about $320 billion in shares owned by the Treasury and nearly $30 billion owned by investors and hedge funds. In addition, the Treasury received warrants to purchase 79.9%

Investors 368

Investors Legal Law Government 368

Housing Wire

SEPTEMBER 27, 2022

The Federal Housing Finance Agency (FHFA), which oversees Fannie Mae and Freddie Mac , has been granted summary judgment on the last remaining claim by investors in a lawsuit alleging the government overstepped its authority when it adjusted its stock-purchase agreements with the agencies and allowed net worth sweeps. The case, filed in U.S.

Government 483

Government Investors Law Finance 483

Housing Wire

JUNE 23, 2021

” In a blow to Fannie Mae investors, the court also dismissed claims that the FHFA exceeded its authority under federal law. The case stems from the restructuring of the agencies in 2008. The arrangement greatly diminished private investors’ ownership interests in the GSEs. Investors cried foul. “By

Investors 518

Investors Government Investing Law 518

Housing Wire

NOVEMBER 7, 2022

Industry veterans Alim Kassam, Brian O’Shaughnessy and Kevin O’Shaughnessy founded Athas Capital Group and its in-house financing arm Rama Capital when the financial crisis hit the country in 2008. Since 2008, it has funded over 14,000 loans, reaching $5.5 Since 2008, it has funded over 14,000 loans, reaching $5.5

Lending 418

Lending Investors Business Mortgage 418

BiggerPockets

MAY 1, 2024

This housing shortage began following the 2008 financial crisis and worsened during the pandemic, and now, not enough homes have been built to meet current […] There’s a critical lack of affordable housing.

Investors 81

Investors 81

Housing Wire

OCTOBER 5, 2023

in 2008 and 2009. Chinese real estate investments extend beyond their borders and if those investors suddenly need to liquidate those assets to cover losses at home , many countries real estate markets could be negatively impacted. Like a slow-motion train wreck at first, it is now definitively off the rails and heading over a cliff.

Real Estate 384

Real Estate Housing Market Marketing Investors 384

Housing Wire

AUGUST 1, 2023

The private New York-based company, founded in 2008, manages third-party capital on behalf of insurance companies, pension funds, hedge funds and other investors. “We We continue to see significant volumes of MSRs trading in the marketplace with attractive yields.

Investors 369

Investors Design Insurance Investing 369

Housing Wire

SEPTEMBER 1, 2020

Both of the government-sponsored enterprises said the proposed capital rule would mean they might have to raise the guarantee fees they charge to package home loans into securities that are sold to bond investors. Fannie Mae said fees would likely rise 0.2 percentage points on average, after making certain assumptions. percentage points.

Government 535

Government Investors Finance Mortgage 535

Housing Wire

APRIL 18, 2024

The Urban Institute report, published in November 2023, shows that the average number of months from origination to repurchase between 2005 to 2008 (prior to and during the early stages of the global financial crisis ) was 46 months for Freddie Mac and 52 months for Fannie Mae. Non-QM loans are those that cannot be purchased by the GSEs.

Investors 358

Investors Technology Mortgage Training 358

Housing Wire

AUGUST 21, 2023

533 ReBuilt 1,096% 2015 Vertically integrated marketplace helping homeowners sell their unwanted property and real estate investors find great off-market deals. 1,522 MIOYM 377% 2008 Real estate firm that identifies and rehabilitates distressed single-family residential properties, later selling them to first-time home buyers nationwide.

Real Estate 349

Real Estate Real Estate Agent Technology Investors 349

Housing Wire

FEBRUARY 9, 2021

McClelland joined Metro Brokers in April of 2008 as the Director of Strategic Growth. He also serves as an investor and advisor to many technology companies including Brytecore, OpCity, Etorch, MoveGuru, MyPlanit, Konverse, Zavvie and others. He grew the firm to 23 offices with 1,100 agent before selling the company at the end of 2007.

Real Estate 369

Real Estate Technology Realtors Investors 369

Housing Wire

SEPTEMBER 2, 2020

In a letter to Mark Calabria, director of the Federal Housing Finance Agency , PIMCO executives including Managing Director Dan Hyman, head of agency mortgage trading, said freeing the companies by executive fiat would be interpreted by investors as an end to the government’s guarantee of the MBS.

Finance 539

Finance Investors Government Mortgage 539

Housing Wire

SEPTEMBER 8, 2022

People’s first reaction was to wonder if this was 2008 all over again. Well, it isn’t 2008, but this type of loan does have risk — and it’s the risk that is traditional among all late economic cycle lending in America when the loan requires low or no downpayment.

Inventory 542

Inventory Law Housing Market Design 542

Housing Wire

DECEMBER 20, 2023

From NAR : First-time buyers were responsible for 31% of sales in November; Individual investors purchased 18% of homes; All-cash sales accounted for 27% of transactions; Distressed sales represented 1% of sales; Properties typically remained on the market for 25 days. months in 2008. So, let’s not make that mistake in 2024.

Housing Market 428

Housing Market Marketing Inventory Realtors 428

Housing Wire

JULY 21, 2022

This data shows early signs of a slowdown in the retail housing market in June that was anticipated by real estate investors buying properties at foreclosure auction in March. These two key foreclosure auction metrics show a clear shift in March toward more conservative bidding behavior, both in terms of max offers and buy box for investors.

Housing Market 383

Housing Market Buyers Marketing Retail 383

Housing Wire

JULY 27, 2021

Unlike lenders or servicers for Fannie Mae and Freddie Mac , Ginnie Mae issuers are responsible for passing along payments to investors after borrower equity, federal agency and mortgage insurance resources are exhausted. If those issuers fail, Ginnie Mae is ultimately responsible for making those investor payments.

Insurance 423

Insurance Finance Government Mortgage 423

Housing Wire

AUGUST 14, 2023

billion in penalties to settle a civil action alleging misconduct related to the underwriting, issuance and sale of residential mortgage-backed securities (RMBS) before the 2008 financial crisis. Swiss bank UBS AG announced Monday it has agreed to pay $1.43 The settlement with the U.S.

Investors 302

Investors Law Design Mortgage 302

Housing Wire

MAY 18, 2023

From NAR : First-time buyers were responsible for 29% of sales in April; Individual investors purchased 17% of homes; All-cash sales accounted for 28% of transactions; Distressed sales represented 1% of sales; Properties typically remained on the market for 22 days. This is not, nor can it ever be, like 2008.

Housing Market 526

Housing Market Marketing Inventory Mortgage 526

Housing Wire

JUNE 9, 2022

Fannie Mae will attempt to sell reperforming loans to investors, nonprofits and public-sector organizations, according to a program description on the agency’s website. The two GSEs, or agencies, buy loans from lenders, pool them and issue mortgage-backed securities that are sold to investors and guaranteed for a fee by Fannie and Freddie.

Investors 372

Investors Government Finance Buyers 372

Housing Wire

MARCH 2, 2023

While investor bonds were scarce, A&D securitized its loans and sold the bonds, leading to seven securitization deals in 2022. Our credit committee actually works with rating agencies, investors and investment bankers to put together our own guidelines. The lender securitized four deals in 2021.

Mortgage 385

Mortgage Investors Development Investing 385

Housing Wire

NOVEMBER 30, 2021

A pair of lawsuits on behalf of Zillow investors cite this statement by Wacksman – and similar rosy claims in 2021 by Barton and Allen Parker, the company’s chief financial officer – as illegally misleading investors. 19 in Seattle federal court on behalf of Zillow investor Steve Silverberg. The second lawsuit was filed Nov.

Investors 408

Investors Brokerage Law Investing 408

Housing Wire

AUGUST 23, 2023

The yields jumped to their highest level since 2008, north of 4.3%. Investors in the bond market were reacting to the government issuing debt while expecting the Federal Reserve to increase rates in September amid persistent inflation,” HousingWire ’s Flávia Furlan Nunes wrote last week. bond yields spike last week.

Mortgage 312

Mortgage Contracts Government Buyers 312

Housing Wire

JULY 20, 2022

Longer term, HERA and conservatorship reforms have addressed the major risk characteristics of the pre-2008 version of the GSEs credit risk transfers that are being used to transfer risk away from taxpayers and to provide market discipline — a kind of early warning sign if the GSEs are going off the rails. GSE housing goals.

Law 488

Law Tools Development Mortgage 488

Housing Wire

APRIL 14, 2023

The National Association of Realtors Research Group has produced the index since 2008, a time of turbulence in the real estate market. The share is collected monthly in the Realtors Confidence Index and includes buyers who purchased primary homes, vacation homes and investors. One such measure is who is entering the market.

Realtors 406

Realtors Buyers Inventory Sellers 406

Housing Wire

MAY 26, 2022

Now don’t get me wrong: demand is better in 2020 and 2021 than in any single year from 2008 to 2019. But we should ask: Why is inventory so much lower now if purchase application data is at 2009 levels — a period in time when inventory was rising noticeably in 2006, 2007, 2008 and 2009? Credit stress was evident from 2005 to 2008.

Inventory 492

Inventory Housing Market Construction Marketing 492

BiggerPockets

MARCH 23, 2023

It goes without saying that investors of all stripes have been spooked by the recent collapse of Silicon Valley Bank and Signature Bank, as well as the Swiss National Bank facilitating […]

Investors 59

Investors 59

Housing Wire

DECEMBER 1, 2022

The call for smart home technology is coming from inside the house, as it were — but during times of economic pressure, how can investors and property managers justify the effort and expense of upgrading their communities? How does smart home technology benefit investors? Why smart home technology now?

Technology 543

Technology Property Management Marketing Investors 543

Housing Wire

AUGUST 24, 2023

Investors are concerned that the central bank will continue raising the funds rate, pushing borrowing costs even higher. However, the big difference between the financial crisis of 2008 is that the current higher-rate environment is not sending home prices down, and other factors have kept inventory close to historic lows.

Mortgage 364

Mortgage Property Taxes Investors Buyers 364

Housing Wire

MAY 17, 2021

Despite heightened investor uncertainty during the onset of the pandemic, GSE-backed mortgages have outperformed expectations, the report notes. 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.

Investors 302

Investors Insurance Mortgage Finance 302