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

Housing Wire

Planet Home Lending has promoted four people to vice president positions, supporting the company’s continual growth. Michaelene Whyte has been promoted from processing manager of the East to VP, national fulfillment, distributed retail, and has been with Planet Home Lending since October 2018.

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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. “We intend to change how lending is going to be done fundamentally – behavior, market dynamics, products,” Kumar said. LendArch has a consulting arm to develop a plan for clients, for example, to reduce costs and improve their underwriting.

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Regions Bank places $1B bet on home renovation market

Housing Wire

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. The Salt Lake City-based lender says it’s worked with over 1 million homeowners since its founding in 2002 and funded $11.6 billion in home improvement projects.

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Are existing home sales showing a housing bubble?

Housing Wire

This is evident if one compares the purchase application data from the overheating market of 2002-2005 to the period between 2012-2020. First the rate of growth in no way compares to what we had during the bubble years of 2002-2005. While sales are and will stay elevated compared the COVID-19 lows, the market is not bubbly.

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[PULSE] Black lives, Black families and Black homeownership matter

Housing Wire

The most abhorrent racist practices, such as redlining, are officially prohibited, yet bias creeps into mortgage lending in myriad ways. By learning from the lessons of the past, we’ve developed a responsible and safe method to provide much-needed down payment assistance, and I’m proud to be part of it. It’s a serious challenge.

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7 Excellent Real Estate Appraisal Podcasts Every Appraiser Should Listen To

McKissock

The podcast covers a variety of topics involving the real estate, appraisal, and lending industries. The Appraiser’s Advocate is hosted by Tim Andersen, an AQB-Certified USPAP instructor since 2002, nationally-recognized appraisal instructor, speaker, consultant, mentor, and long-experienced general real estate appraiser.

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New home sales are at risk with rising mortgage rates ?

Housing Wire

Census Bureau and the Department of Housing and Urban Development. As you can see below, the new home sales market from 2018-2022 doesn’t look like the housing market we had from 2002-2005. Could you imagine this housing market if we eased lending standards? percent (±11.9 percent (±13.7 From Census: The seasonally?adjusted

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