Housing Wire

JULY 16, 2021

As Chief Operating Officer at First Guaranty Mortgage Corp , Sarah Gonzalez has modernized the FGMC brand, recruited top talent and implemented operational efficiencies that significantly reduce the cost per loan across all production channels. During her third year at FGMC, Gonzalez was recognized by HousingWire as a 2020 Vanguard.

Investing 341

Investing Training Development Modernization 341

Housing Wire

JUNE 9, 2021

Following the 2008 financial crisis, the federal commission examining the causes concluded that loans made by CRA-regulated lenders in neighborhoods in which they were required to lend were half as likely to default as similar loans made in the same neighborhoods by independent mortgage originators not subject to the law.

Lending 417

Lending Development Government Finance 417

Housing Wire

APRIL 11, 2022

Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. If you look at the monthly supply for new homes from 1996 to 2005, it was always lower than what we saw from 2008 to 2019.

Inventory 492

Inventory Housing Market Marketing Modernization 492

Housing Wire

APRIL 25, 2022

But that all changed with the 2008 financial crisis, in which nonbank lenders made billions in bad mortgage loans, and, as a consequence, would eventually be placed under the supervision of the CFPB (in addition to depositories with $10 billion or more in assets and their servicers).

Modernization 293

Modernization Law Lending Mortgage 293

Housing Wire

APRIL 5, 2022

“But that’s not what Regulation X says, that’s not what the CFPB intended, and that’s not what mortgage borrowers need in the modern mortgage market,” Fortman said. Soon after, it told servicers that “unprepared was unacceptable,” as the end of forbearance approached.

Modernization 355

Modernization Law Mortgage Real Estate 355

Housing Wire

MARCH 29, 2022

Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. If you look at the monthly supply for new homes from 1996 to 2005, it was always lower than what we saw from 2008 to 2019.

Inventory 404

Inventory Housing Market Marketing Modernization 404

Will Springer Realtor

JULY 6, 2021

The Goodwin is the newest Belltown residential choice that is uniquely positioned for the modern buyer. It’s believed to be the first such conversion in Seattle since 2008. The post The Goodwin: Newest Belltown Condo Uniquely Positioned for the Modern Buyer appeared first on Will Springer.

Modernization 36

Modernization Buyers Real Estate Development 36

Appraisal Buzz

APRIL 29, 2024

Then came 2008: I suddenly found myself with a three-year old appraisal firm, a large office building full of furniture and equipment, several employees and trainees, and two young children—as the global economy imploded. Prior to the 2008 dust-up, this strategy had helped us become a dominant player in our market.

Clients 195

Clients Business Appraisal Lending 195

Housing Wire

DECEMBER 7, 2022

Since they were distressed forced sellers, inventory skyrocketed in 2006 and stayed very elevated in 2007 and 2008. This time the hit on demand is much more challenging as we are working from a savagely unhealthy rise in home prices since 2000, and mortgage rates have skyrocketed in the most prominent fashion in modern history.

Housing Market 539

Housing Market Mortgage Marketing Inventory 539

Housing Wire

APRIL 7, 2023

Research from Glossy and Modern Retail coined the “Great Mall Overhaul ” and made the call for a pivot, the evolution from transactional to experiential. Let’s keep the 2008 market where it belongs — in the past. Position yourself as THE subject matter expert when it comes to navigating the nuances that may impact a deal.

Retail 329

Retail Real Estate Clients Modernization 329

Housing Wire

NOVEMBER 23, 2022

According to Cameron, the recent downturn has delivered the biggest and fastest rate increase in modern history — and the sharpest volume and revenue decrease the mortgage business has ever seen. Founded in 2001 as a retail originator, Interfirst Mortgage expanded into wholesale in 2008 and added a correspondent channel in 2011.

Marketing 325

Marketing Loan Officers Business Mortgage 325

Housing Wire

MARCH 10, 2021

Community lenders were left behind when it came to tech-forward, cost-effective digital platforms, and especially among today’s millennial homebuyers, a modern, streamlined borrower experience is a necessity. Even though large banks could educate these potential buyers, community lenders are especially well equipped to take on this job.

Marketing 382

Marketing Technology Lending Business 382

Housing Wire

JULY 8, 2022

Institutional players in the single-family rental (SFR) market have been expanding their reach into select American neighborhoods since the global financial crisis of 2008, but they now find themselves in an uncomfortable limelight. . For example, in the third quarter of 2021 alone, institutional investors bought 42.8%

Tenants 388

Tenants Investors Investing Government 388

Appraisal Buzz

NOVEMBER 29, 2021

They are typically in sync, and if not, it can indicate a market anomaly such as a housing crisis (2008) or pandemic market effects. Reconcile the Cost Approach data already entered after determining a sales approach value. If so, start digging for the cause factor.

Valuation 370

Valuation Supply Chain Bracketing Appraisal 370

Housing Wire

MAY 13, 2022

This trend is more distinct for the non-performing loans whose servicing costs quadruple from below $500 before the housing crisis in 2008 to more than $2,000 in the past few years. The good news is that this has been a reality in modern SaaS solutions thanks to the scalable cloud native infrastructure.

Business 365

Business Mortgage Technology Human Resources 365

Appraisal Today

MARCH 15, 2024

NOTE: Please scroll down to read the other topics in this long blog post on USPAP and Personal Inspection, GSE Appraisal Modernization, Transaction costs and values including real estate commissions, unusual homes, mortgage origination stats, etc. = Is the GSE’s “Appraisal Modernization” Really Just Mass Appraisal? By Dallas T.

Appraisal 69

Appraisal Inspection Modernization Business 69

Appraisal Buzz

OCTOBER 24, 2022

After the market collapse in 2008, I understand why. John Dingeman: The market is cyclical. Over the past decade, appraisers have been reluctant to apply market conditions adjustments to sales in an increasing market. It is important to recognize that a zero-dollar adjustment is an adjustment and any adjustment must be supported.

Valuation 150

Valuation Appraisal Real Estate Property Taxes 150

Genworth MI Blog

MAY 28, 2020

In fact, some of the modern manufactured homes are constructed with a level of quality, features, and amenities that exceed those found in many new site-built homes. In 2008, Congress passed the Housing and Economic Reform Act. Myth 2: Manufactured Homes Are Lower Quality Than Site-Built Homes. A Duty to Serve.

Construction 148

Construction Loan Officers Training Lending 148

Housing Wire

JUNE 28, 2021

But DeZarn was an independent contractor business of one, and he lost his clients in 2008 when the housing market imploded. In 2008, the state attorney’s general office of New York — led at the time by current Empire State governor Andrew Cuomo — launched an investigation into compromised appraiser reports. “It fit well.

Appraisal 394

Appraisal Valuation Business Contracts 394

Cleveland Appraisal Blog

FEBRUARY 4, 2021

”, posted by EarthSky in Human World , according to the National Oceanic and Atmospheric Administration, from 2008 to 2018, our groundhog friend has only been accurate 40% of the time. Fannie New Appraisal Form Modernization – APPRAISAL TODAY. I know it’s just for fun. . – Sacramento Appraisal Blog.

Advertising 198

Advertising Valuation Appraisal Renovations 198

Appraisal Today

AUGUST 5, 2022

Fannie: Learn how valuation modernization is changing collateral underwriting – Video, 1 hour, 23 minutes. Excerpt from emailed notice: “Valuation Modernization: New perspectives on collateral underwriting” is a must-see for underwriters and appraisal reviewers. Is it headed for a crash like in 2008? Find out why not.

Appraisal 59

Appraisal Valuation Contracts Modernization 59

Genworth MI Blog

MAY 28, 2020

In fact, some of the modern manufactured homes are constructed with a level of quality, features, and amenities that exceed those found in many new site-built homes. In 2008, Congress passed the Housing and Economic Reform Act. Myth 2: Manufactured Homes Are Lower Quality Than Site-Built Homes. A Duty to Serve.

Construction 78

Construction Loan Officers Training Lending 78

GoForrmz

AUGUST 26, 2022

A Focus on Sustainability Modern college students have been found to put greater importance on the sustainability practices of their universities. ” — Wakefield Research for the Wi-Fi Alliance, student survey, 2008.

Technology 78

Technology Renovations Modernization Contracts 78

McKissock

AUGUST 14, 2022

In 2008, many people lost their homes when the housing bubble burst. There is some light at the end of the tunnel as people look to renovate older buildings to repurpose as modern housing or bring back to their former glory. Here are some things to be aware of as you move into the last part of 2022 and a new year.

Inventory 68

Inventory Construction Real Estate Renovations 68

Town & Country Residential Appraisals

MARCH 30, 2020

AMC’s - “Appraisal Management Company” These organizations have come into existence in an attempt to fulfill government regulations to ensure that banks could not commit mortgage fraud like the practices seen prior to 2008. Thankfully in the modern world, documents can be sent immediately.

Appraisal Process 53

Appraisal Process Appraisal Inspection Finance 53

Raleigh Realty

AUGUST 19, 2022

With the increase in student loan debt, frequent career shifts, and living through the 2008 housing crisis, many may consider millennials financially insecure and opposed to home ownership. Mid-Century: Homes built between 1945 and 1965 fall into the mid-century category, known for their sleek style and modern appeal.

Real Estate Agent 78

Real Estate Agent Real Estate Agents Buyers 78

Appraisal Today

MAY 26, 2023

NOTE: Please scroll down to read the other topics in this long blog post on appraisal “modernization”, bias hearing, bad appraiser, USPAP, unusual homes, mortgage origination stats, etc. == Appraiser pleads guilty in $1.3B billion tax fraud scheme. Owners with conservation easements can claim an income tax deduction.

Easement 52

Easement Contracts Appraisal Inspection 52

Appraisal Today

MAY 19, 2023

NOTE: Please scroll down to read the other topics in this long blog post on hybrid appraisals, business tips, UAD info from Freddie, Fannie modernization, non-lender appraisals, unusual homes, mortgage origination stats, etc. = Appraisal Business Tips from Ann O’Rourke Why is the residential lender business so slow now, as compared with 2008?

Appraisal 52

Appraisal Business Contracts Real Estate 52

Housing Wire

NOVEMBER 11, 2022

What we are experiencing right now is absolutely not a 2008 scenario. To remain competitive in the modern social marketing environment, LO’s and companies need to be able to move fast. I enjoyed Aaron’s approach in communicating to panic-stricken originators. I forwarded it to all our originators internally.

Marketing 57

Marketing Clients Mortgage Modernization 57

Listing Spark

DECEMBER 23, 2020

Across the major markets in Texas, our December real estate market update shows clear data points that we are ending the year in one of the strongest seller’s markets we have seen in modern history. . This all points to us being able to withstand market volatility without the same type of crash that happened in 2008. .

Real Estate 36

Real Estate Marketing Inventory Modernization 36

Appraisal Today

JUNE 17, 2022

Today is NOT the same as 2008+, with its massive fraudulent loans made to unqualified buyers. Computer modeling did not predict the 2008 crash. Excerpts: the 14,500-square-foot modern home where almost every room offers an excellent view. percent – the highest level since 2008. Two days ago the Fed raised rates by 0.75%.

Appraisal 52

Appraisal Contracts Real Estate Mortgage 52

Will Springer Realtor

MAY 9, 2022

You would be hard-pressed to find economists proclaiming that today’s housing environment in the PNW is nearing anything close to the 2008-type bust. the highest percentage since Q3 of 2008. It’s modernism in Medina! 2-story modern Zen home with heated outdoor pool in Redmond. Our region is a golden unicorn.

Architecture 36

Architecture Design Buyers Construction 36

Appraisal Today

MAY 17, 2024

Bad: very few REO appraisals which kept appraisers busy during previous crashes, such as 2008. Jauregui (agent) explains that the three-level residence was designed to blend modern design with sustainability. Good and bad for appraisers: Good: not many appraisal claims or Fannie repurchase demands. baths, 2,396 sq.ft., 3,000 sq.ft.

Tools 64

Tools Appraisal Renovations Design 64

Appraisal Today

JANUARY 26, 2024

Just before the crash, we sold it in April 2008 for $1,000,000. Designed in 1986 by the famous architect Arthur Dyson, we have done our best to bring it into modern times. We sold it in late 1985 (after renting it) for $60,000 to purchase our duplex for $120,000 with a “low” 15% loan. 10 miles east of San Francisco.

Contracts 85

Contracts Appraisal Mortgage Inspection 85

Will Springer Realtor

MAY 9, 2023

They have also been spending oodles of money to shape their residences to meet new living needs – modern and spacious, when possible – as households live in their homes for longer. Yet, the amenities are modern from kitchen to bath, plumbing and electrical, with a reported $2M in updates to the property since it was purchased in 2009.

Real Estate 36

Real Estate Modernization Construction Supply Chain 36

Appraisal Today

FEBRUARY 24, 2023

“The real estate appraisers of old used to network more, market their services, and sell themselves more than today’s modern appraiser,” remarks Mark Skapinetz, an independent real estate appraiser in Georgia who operates a 100 percent non-lender appraisal firm.

Appraisal 52

Appraisal Architecture Valuation Business 52

Appraisal Today

SEPTEMBER 23, 2022

House Passes VA Appraisal Modernization Legislation. This legislation is an important first step towards broad modernization of VA appraisal processes and could make veterans’ home purchase offers more viable in today’s competitive housing market. Click here for more info!

Appraisal 52

Appraisal Marketing Business Contracts 52