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More Women Working in Construction in 2021

Eyes on Housing

in 2002. The number of women employed in the construction industry increased to over 1.24 million in 2021, as the construction industry was quickly recovering jobs lost earlier during the pandemic induced recession. Currently, women make up 11% of the construction workforce, up from 9.3%

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Existing Home Sales Continue to Drop Amid Rising Mortgage Rates

Eyes on Housing

this week, the highest level since April 2002, Read More › Economics Housing Data Existing Home Sales mortgage rates NAR pending home sales index

Realtors 158
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Remodeling Market Remains Stable Year-over-Year

Eyes on Housing

The NAHB/Westlake Royal Remodeling Market Index (RMI) for the first quarter of 2002 posted a reading of 86, unchanged from the first quarter of 2021.

Marketing 157
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Balance to Return to the Housing Market

Appraisal Buzz

After a torrid start to the year, home price appreciation will slow, and new construction will replenish the nation’s inventory in the second half of 2002.

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Homestar names Gurp Bhandal EVP of national production

Housing Wire

The new division executives include Gus Lobo who joined the company since its inception in 2002 and now leads 200 employees, including 136 MLOs across 37 branch locations and also focus on recruitment and training. The company was established in 2002 in Georgia.

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They’re Here—7% Mortgage Rates. What Now?

BiggerPockets

Mortgage rates briefly rose above 7% on 30-year fixed rate products for the first time since 2002 last week before receding down about 20 basis points to 6.8%, according to Mortgage […]. Real Estate News

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Want to Start Investing But Unsure About the Economy? Start Wholesaling

BiggerPockets

Back in 2002, I made my first deal as a real estate wholesaler. I was literally walking the streets looking for a deal when I came across a tired landlord […]. Real Estate Wholesaling wholesaling

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This is not 2008 all over again for the housing market

Housing Wire

From 2002 to 2005 we experienced a credit boom due to the rapid increase in borrowing for speculation purchases. When you hear people say that the current housing market is like 2008 all over again, you may want to remind them of the huge differences between this market and that one.

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No One Seems To Agree On What’s Caused Inflation—That’s A Big Problem

BiggerPockets

The Fed’s most recent increase to the federal funds rate has driven mortgage rates to their highest level since 2002. That was the goal—to increase the cost of borrowing to slow […]. Real Estate News On the Market Articles

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Guild acquires small retail lender Legacy Mortgage

Housing Wire

Legacy, headquartered in Albuquerque, New Mexico, was founded in 2002 and purchased by its CEO Jack Thompson in 2006. Acquisitive lender Guild Mortgage on Tuesday announced the acquisition of Legacy Mortgage , increasing its footprint in the Southwest.

Retail 393
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Cheddar TV - Looking Back In History (8 Days Ago) To Talk Falling Rates

Miller Samuel

Using Skype (which has been improved since Microsoft acquired it to be less of a horror show) I am able to blur out the background so you don't get distracted by my prized autographed drum head from Lynyrd Skynrd, my 2002 March Madness pool victory plaque and my certificate for passing a 1978 Italian Cooking class in my Dad's former cooking school in the DMV. Cheddar TV reached out to me on March 11th as I was 4 days into my self-quarantine and my voice sounded quite scary.

Finance 150
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Housing starts data lags reality of higher mortgage rates

Housing Wire

As you can see below, the housing demand data from 2002 to 2005 was never apparent in any housing data lines from 2018 to 2022. This demand curve prevents a boom and bust cycle from happening, as we saw from 2002 to 2008. The U.S.

Mortgage 446
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Why do mortgage rates need to cool down?

Housing Wire

Home prices have caught up to per capita income, just like what we saw in 2002. HousingWire Lead Analyst Logan Mohtashami joins the HousingWire Daily podcast to talk about why low mortgage rates need to end.

Mortgage 309
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Tim Bowler named president of ICE Mortgage Technology

Housing Wire

Tyrrell joined Ellie Mae in 2002, where he was promoted to executive vice president in 2013 from chief operating officer and senior vice president. Timothy Bowler, president of Intercontinental Exchange, Inc.

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QC Ally hires Kristin Broadley as its chief innovation officer 

Housing Wire

Prior to joining QC Ally, Broadley worked in the wholesale market, originating and processing loans before moving onto Quicken Loans (which changed its name to Rocket Mortgage in 2021) in 2002.

Clients 296
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Purchase apps are at 2009 level: where’s the inventory?

Housing Wire

That’s not the case now because we have’t had a credit boom post-2010 as we did from 2002 to 2005. However, the spike in inventory that we saw from 2006 to 2011 can be attributed to the massive credit bubble we had from 2002 to 2005.

Inventory 464
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Mortgage demand declines at a slower pace

Housing Wire

The 30-year fixed rate decreased for the first time in over two months to 7.06%, but remained close to its highest since 2002.”.

Mortgage 375
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Mortgage apps reach the lowest level in 25 years

Housing Wire

The survey shows that the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 6.94% last week, the highest level since 2002, from the previous week’s 6.81%.

Mortgage 353
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Ellie Mae President and CEO Jonathan Corr retires

Housing Wire

Corr and Tyrrell both joined Ellie Mae in 2002, and coincidentally, both in positions that emphasized strategy – Corr beginning as chief strategy officer and Tyrrell as vice president of strategic relationships.

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LendArch hires Karthik Kumar, TCS’s former head of mortgage

Housing Wire

Kumar was a manager at Standard Chartered Bank from 2002 to 2004. Mortgage consulting firm LendArch has hired Karthik Kumar, the former global mortgage practice head at Tata Consultancy Services (TCS). He will serve as LendArch’s executive vice president and chief operating officer. .

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Changes ahead for Ginnie Mae and FHA’s manufactured housing program

Housing Wire

In 2002 the agency held $477 million in manufactured housing securities. Ginnie Mae and the Federal Housing Administration are looking to take a bigger bite out of manufactured housing finance.

Finance 358
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Mortgage rates jump to 2.81%

Housing Wire

“Home prices have caught up to per capita income, just like what we saw in 2002.

Mortgage 542
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Freddie Mac taps Mark Grier as interim CEO

Housing Wire

He joined Prudential in 1995 as chief financial officer and rose the ranks to being named to the office of the chairman in 2002 and vice chairman in 2007.

Finance 345
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MBA nominates Lennar Mortgage’s Escobar as vice chair

Housing Wire

She joined Lennar Mortgage in 2002 as branch manager, was promoted to senior vice president managing the eastern region two years later, and became executive vice president in charge of operations and production of the company’s builder division in 2016.

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Dave Stevens on understanding this housing market

Housing Wire

In fact, while in won’t match 2020 or 2021, purchase mortgage dollar volume should be better than any year from 2002–2020. I have been part of the mortgage banking industry since 1983 — 39 years to date through different housing markets.

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Is the Dallas Fed right to label this a housing bubble?

Housing Wire

We aren’t anywhere close to the housing bubble dynamics we had from 2002 to 2008; that environment is simply impossible to replicate. Well, 2008 wasn’t really about 2008, it was the marketplace from 2002 to 2008, which clearly is something we don’t have right now in housing.

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Black Knight’s Optimal Blue adds location-based pricing feature

Housing Wire

At the time of acquisition, Optimal Blue, founded in 2002, had about 1,000 originators and 185 investors using the firm’s PPE engine, which produced more than 240 million pricing quotes per year, the firm said. .

Investors 309
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The 2022 housing market: A tale of two halves

Housing Wire

The 2002 housing market has been a tale of two halves,” said Green. Marty Green thinks of the housing market in 2022 as two very different movies. The first half of the year, with mortgage rates in the 3s and 4s, was like “Fast and Furious.”

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Optimal Blue hopes to hook mortgage brokers with real-time rate feature

Housing Wire

At the time of acquisition, Optimal Blue, founded in 2002, had about 1,000 originators and 185 investors using the firm’s PPE engine, which produced more than 240 million pricing quotes per year, the firm said.

Mortgage 319
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The 100-years-war over real estate commissions

Housing Wire

In 2002, Natalya Delcoure and Norman Miller, two real estate economists, set about to learn what fees consumers pay real estate agents in America. They were especially interested in real estate commissions. What Decloure and Miller discovered was somewhat shocking.

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Black Knight reports $360M profit in Q1

Housing Wire

Black Knight announced in July 2020 it would buy 60% of Optimal Blue, a company founded in 2002 that provides an online marketplace that connects originators, investors and providers in the mortgage industry.

Investing 295
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Kensington Vanguard acquires Virginia title company

Housing Wire

” Kensington Vanguard National Land Services, founded in 2002, operates three divisions: commercial division, residential division, and the 1031 Exchange Division.

Retail 260
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Fannie Mae launches another CRT offering

Housing Wire

Fannie Mae has unveiled its second credit-risk transfer (CRT) deal of 2002, a $1.2 billion note offering through its Connecticut Avenue Securities real estate mortgage investment conduit, or REMIC. .

Investors 311
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Mortgage rates dip slightly to 2.86%

Housing Wire

Builders are wary of repeating the mistakes of 2002 to 2005, when the market saw a glut of supply. The average 30-year fixed-rate mortgage declined slightly to 2.86% for the week ending in August 19, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS.

Mortgage 515
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People movers: Notarize, RE/MAX and Planet Home Lending

Housing Wire

Notarize has brought on Wendy Ivanoski as its vice president of Enterprise Strategy and Nicole Booth as executive vice president of Public Affairs. Ivanoski has 17 years of experience in the financial services industry, including time at State Street Corporation and Santander Bank.

Lending 276
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Regions Bank places $1B bet on home renovation market

Housing Wire

The Salt Lake City-based lender says it’s worked with over 1 million homeowners since its founding in 2002 and funded $11.6 Regions Bank is looking to make a big dent in the home improvement lending space , striking a deal to acquire EnerBank USA for $960 million in cash.

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A refi wave is years away as mortgage rates settle at 7%

Housing Wire

The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage surged 26 basis points from last week to 6.92%, a record-setting climb to its highest level since April 2002.

Mortgage 322
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This savagely unhealthy housing market needs higher rates

Housing Wire

Because we had a housing credit bubble from 2002 to 2005, the credit demand push on exotic loan debt structures was a setup for future forced credit selling. The National Association of Realtors reported Thursday that existing home sales for April came in at 5.61

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Here’s why the housing market needs higher mortgage rates

Housing Wire

Even today, we aren’t even at 2002 levels in the MBA index. In this HW+ Slack Q&A , HousingWire Lead Analyst Logan Mohtashami gives the inside scoop on where rates are headed, his insights on the latest economic reports and more.

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Builders apply the brakes amid canceled contracts

Housing Wire

As you can see in the chart below, we had a nice, slow up-trend from 2002 to 2005 and here in the 2020 to 2022 timeframe, we haven’t gone anywhere much with total completion data.

Contracts 510