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Construction worker shortage has reached “crisis” levels

Housing Wire

Now the need for new housing supply is acute : 12 million households have formed since 2012, yet only 10 million units were built during that time, per an analysis of Bureau of Labor statistics by the National Association for Home Builders. The construction worker shortage has reached crisis level.

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Gary Keller, Bob Goldberg, Gino Blefari depositions on commissions shared with the jury

Housing Wire

He also noted that the training scripts were not telling agents what to do, but were serving as examples of what other agents have done to handle similar situations. I do believe training is essential.” I certainly don’t believe that fixing commissions is appropriate. Nothing could be further from the truth.”

Agents 432
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Interfirst to lay off 140 employees

Housing Wire

In 2012, the historically low interest rates led to a boom in refinances, and the lender grew to $14.5 Interfirst boasted of its ability to train people with no background in mortgage through a rigorous training course. Presented by: Acra Lending.

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Record keeping needs improvement: FHFA watchdog

Housing Wire

The 2008 LOI were revised in 2012, and in December 2017, FHFA issued another revision to the LOI that was effective in early 2018. Shortly after the FHFA placed the GSEs into conservatorship, it issued letters of instruction (LOI) to their boards defining and outlining the scope of authorities.

Training 394
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More than ever, lender profitability requires maintaining pace with innovation

Housing Wire

The blue bar is compensation cost since 2012. Note that the compensation cost starts at a low of 64% of total origination cost in 2012 to 69% in 2021. Interestingly, technology spend as a portion of total origination cost was about 2% in 2012, and its about 2% in 2021. It doesn’t have to be that way.

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Why home-price growth is still up 18% year over year

Housing Wire

This means all those men and women since 2012 who have been saying its housing 2008 all over again on their YouTube , Twitter, Facebook and other social media outlets simply don’t have the proper training to talk about housing economics. crash, especially from 2012-2019. It hasn’t worked since 2012 for a reason.

Inventory 384
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Interfirst, the phoenix of mortgage, lays off hundreds

Housing Wire

In 2012, Dmitry Godin was seemingly on top of the world. The historically low interest rates that led to a boom in refinances in 2012 had ended, and Interfirst struggled to maintain volumes in following years as the market turned to purchase. Interfirst Mortgage , the retail mortgage business he founded in 2001, had grown to $14.5

Mortgage 370