Housing Wire

JULY 11, 2022

Mortgage consulting firm LendArch has hired Karthik Kumar, the former global mortgage practice head at Tata Consultancy Services (TCS). Kumar was a manager at Standard Chartered Bank from 2002 to 2004. The post LendArch hires Karthik Kumar, TCS’s former head of mortgage appeared first on HousingWire.

Mortgage 339

Mortgage Architecture Technology Clients 339

Housing Wire

MARCH 31, 2022

The Dallas Fed on Thursday published an article titled: Real-Time Market Monitoring Finds Signs Of a Brewing U.S. That’s not to say that the data points the Fed used are incorrect — in fact, we are in a savagely unhealthy housing market , but it’s not a bubble. Housing Bubble. I disagree with this conclusion. Let me explain.

Housing Market 529

Housing Market Inventory Lending Marketing 529

Housing Wire

JUNE 8, 2021

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.

Renovations 370

Renovations Home Improvement Marketing Finance 370

Housing Wire

MARCH 15, 2021

I hear a lot of chatter about a boom in cash-out refinances, and the presumption seems to be that this is destined to wreak havoc on the housing market and the economy at some point. First, the refinance boom’s main driver in the 2000s was unhealthy because of the marketplace’s speculative unhealthy lending standards.

Lending 542

Lending Housing Market Mortgage Marketing 542

Housing Wire

OCTOBER 25, 2023

A combination of mortgage volatility and extreme margin compression forced Homestar Financial Corp. The Gainesville, Georgia-based lender announced plans to cease retail operations while accepting mortgage locks through Oct. million in production volume across 3,014 units, according to data from mortgage tech platform Modex.

Retail 396

Retail Mortgage Government Marketing 396

Housing Wire

AUGUST 21, 2020

COVID didn’t get the housing market, but it did pull a fast one on those pesky bears. For the casual observers of the market, it may seem intuitive that with all the economic chaos we suffered during the first half of 2020, the housing market would take a drastic hit – from which it would be difficult to recover. Look, I get it.

Housing Market 544

Housing Market Mortgage Buyers Marketing 544

Housing Wire

JANUARY 20, 2023

housing market , we just experienced an event that most people never thought could happen. From NAR : “December was another difficult month for buyers, who continue to face limited inventory and high mortgage rates ,” said NAR Chief Economist Lawrence Yun. The days on market were too low.

Inventory 541

Inventory Housing Market New Listings Marketing 541

Housing Wire

JUNE 16, 2022

The Mortgage Bankers Association (MBA) nominated Laura Escobar, president of Lennar Mortgage to serve as vice chair for the 2023 membership year. She brings 35 years of experience in the real estate finance industry, holding leadership positions at both bank-owned and independent mortgage companies. trillion in 2022 from $4.0

Property Management 309

Property Management Real Estate Mortgage Lending 309

Housing Wire

OCTOBER 31, 2022

One of the unsung heroes of the most prolonged economic and job expansion ever recorded in history was the passing of the 2005 Bankruptcy Reform Act and the 2010 qualified mortgage rule under Dodd-Frank. Both these laws paved the way for more responsible lending and a more responsible consumer. Today, we are at 1.25

Law 517

Law Inventory Lending Mortgage 517

Appraisal Buzz

MAY 17, 2021

During the 2007-10 mortgage default meltdown, appraisals were a target of complaints and allegations by lenders, the GSEs, some state appraisal boards, and a few unscrupulous entrepreneurs. Between 2002-2005 in many markets, the real estate market was scorching, much like it is today. We analyze and report.

Appraisal 418

Appraisal Clients Real Estate Sellers 418

Housing Wire

OCTOBER 12, 2020

Despite what they promised, we sit here today with the United States housing market outperforming all other economic sectors in the world during the pandemic. In order for the housing market to crash due to too many loans going into default when forbearance programs end, the number of loans in these programs needs to grow.

Inventory 545

Inventory Housing Market Marketing Mortgage 545

Housing Wire

AUGUST 30, 2022

While the growth rate is cooling monthly, we are still in a savagely unhhealthy housing market trying to get national inventory levels back to pre-COVID-19 levels. However, we haven’t had a credit sales boom like the one we saw from 2002-2005. Nor can we ever have a credit sales boom again with lending standards back to normal.

Inventory 384

Inventory New Listings Law Housing Market 384

Housing Wire

DECEMBER 29, 2022

As we close out 2022, it’s time to reflect on a historic year for the housing market, which was even crazier than the COVID-19 year of 2020. The housing sector — especially real estate and mortgage — has seen significant layoffs , while the general economy will create more than 4 million jobs in 2022. Production falls. Incomes go down.

Housing Market 545

Housing Market Marketing Inventory Sellers 545

Housing Wire

AUGUST 11, 2020

The most abhorrent racist practices, such as redlining, are officially prohibited, yet bias creeps into mortgage lending in myriad ways. And now, thanks to these reforms, we live in an era of far greater mortgage banking controls and stability. This makes it more important than ever to consider how the U.S.

Government 421

Government Sellers Development Mortgage 421

Housing Wire

APRIL 8, 2022

In time, markets always find balance and balance is a good thing. One of the reasons that I moved into the “team higher mortgage rate” camp is that what I saw in January, February, and March of this year was so unhealthy that I labeled the housing market savagely unhealthy. No, it can’t.

Housing Market 397

Housing Market Marketing Inventory Lending 397

Housing Wire

MARCH 23, 2022

We finally got mortgage rates to rise, and for people like me who have been concerned about how unhealthy the housing market was last year — and it got a lot worse this year — it’s a blessing that was much needed. million line in the sand has been this: Home prices grow above that 23% level: check Mortgage rates spike higher: check.

Mortgage 477

Mortgage Inventory Housing Market Construction 477

Housing Wire

JANUARY 10, 2024

Rapidly expanding Cleveland, Ohio-based CrossCountry Mortgage (CCM) has struck a deal to acquire the smaller retail mortgage lender AmCap Home Loans and bolster its operations in Texas. AmCap, founded in 2002, is a much smaller lender. He said that AmCap helps mainly with the Houston market. billion in loans in 2023.

Retail 375

Retail Mortgage Loan Officers Training 375

Housing Wire

DECEMBER 5, 2022

I have been part of the mortgage banking industry since 1983 — 39 years to date through different housing markets. So when I talk to loan originators today, I harken back to my early days when fixed mortgage rates were over 14% and there were absolutely no refinances to be had. The housing market won’t be like this forever.

Housing Market 517

Housing Market Marketing Supply Chain Mortgage 517

Housing Wire

SEPTEMBER 22, 2020

housing market and compare those to where we are today — in the middle of one of the most epic years in our country’s history, due to COVID-19. No doubt about it, the COVID crisis has taken some juice out of the 2020 housing market. The new home sales market is doing well as it really benefits from lower mortgage rates.

Housing Market 543

Housing Market Marketing Construction Buyers 543

Appraisal Today

NOVEMBER 4, 2022

NOTE: Please scroll down to read the other topics in this long blog post on AMCs, non-lender appraisals, liability, ROVs,unusual homes, mortgage origination stats, etc. ==. Mortgage Lending You decide. Mortgage Borrowers Can Challenge Inaccurate Appraisals Through the Reconsideration of Value Process.

Reconsideration of Value 52

Reconsideration of Value Appraisal Inspection Advertising 52

Appraisal Today

MAY 12, 2023

Fannie Mae will end up creating more instability for the trillions in the bond market – investors will have to process millions of valuations with the physical attributes of the home collected by unlicensed, uninsured, and unprepared individuals getting paid $10-$25 per inspection. Very tough market now with many layoffs.

Appraisal 52

Appraisal Architecture Business Contracts 52

Appraisal Today

SEPTEMBER 29, 2023

Today, they are becoming popular to get extra rentals in markets low on housing. Mortgage Application Volume Nearing Historic Low Appraisal Volume Way Down Excerpts: Per the Mortgage Bankers Association (MBA), the loan application volume is at another low point in our history. Another tricky HBU issue in California!

Insurance 77

Insurance Appraisal Contracts Mortgage 77

Will Springer Realtor

OCTOBER 11, 2022

At what point will mortgage interest rates peak? Seriously though, there must be a ceiling to rising rates that have all but extinguished a robust housing market. While investors of mortgaged securities help dictate their interest rates, the Federal Reserve is behind the scenes influencing the overall lending environment.

Housing Market 36

Housing Market Marketing Buyers Real Estate 36

Appraisal Today

DECEMBER 9, 2022

This strategy often backfires because parties involved in the lending process cannot find the specific information they are looking for in the report. NOTE: Please scroll down to read the other topics in this long blog post on retirement, classes, adjustments, real estate market, unusual homes, mortgage origination stats, etc.

Appraisal 52

Appraisal Contracts Business Mortgage 52

Housing Wire

MAY 25, 2022

The most affordable manufactured homes are financed with private loans with higher interest rates, shorter terms and fewer consumer protections than mortgage loans. But the government sponsored enterprises may now be on the cusp of entering the chattel market. The enterprises thus far have shunned the affordable end of the market.

Finance 393

Finance Supply Chain Tenants Real Estate 393