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Trade groups express concern to FHFA over historic credit data

Housing Wire

Our members continue to believe that it is imperative to have credit reporting data ‘through the cycle’ back to 2003 given the sensitivity of mortgage default and prepayment to origination credit scores.” FHFA’s current lack of a plan to include “through the cycle” data increases the importance of the data itself, the letter explained.

Legal 336
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Higher rates flip the homebuilders’ fortunes (again)

Housing Wire

If sales are working from an elevated number, like what we saw from 2003-2005, it’s a different subject altogether. months of the supply is active listings, 68K 5 months of the supply is still under construction, 280K 1.6 The builders will pull back on construction when the supply is 6.5 When supply is 4.3 When supply is 4.4

Inventory 419
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The Supply Chain Revisited – Interview with Greg Stephens

Appraisal Buzz

Have been teaching USPAP since 1995, am a certified AQB USPAP instructor since the AQB introduced the certification program in 2003, and since joining Metro-West, I have been receiving approval in various states to teach the 7-hour USPAP update courses to our staff appraisers and the staff of some of our clients.

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Finance of America debuts refi-ADU product

Housing Wire

The lender said that beyond the rate reduction, the refi product was designed “to help create more affordable housing options” and “allow homeowners to take advantage of recent state changes that have encouraged the construction of ADUs.”. Interest in “granny flats” has steadily increased , with 1.4 to 2.9%.

Finance 353
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Exclusive: CrossCountry Mortgage CEO Ron Leonhardt talks AmCap acquisition, future targets

Housing Wire

In an exclusive interview with HousingWire , Ron Leonhardt, a former mortgage broker who founded CCM in 2003, confirmed conversations with the parties started years ago, although the transaction closed on Tuesday. Leonhardt first met Garrett Clayton , AmCap’s CEO, about a decade ago.

Retail 328
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Opinion: Understanding trends is key to predicting the next housing shift

Housing Wire

Data shows homebuyers since 1954 built equity for decades ; those who did not build equity purchased between 2003 and 2007. A data point that explains the resiliency of the housing market: the number of households forming vs. the number of homes constructed. trillion, the most significant annual increase in equity.

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MBA forecast for 2021: Prepare for rising mortgage interest rates

Housing Wire

million annualized pace for new construction — the highest level since 2007. Before this year, 2003 was the last time a record was set for profitability on the origination side, and 2012 was the last record year for refinances. trillion in 2020 – the closest we’ve gotten to 2003’s high of $3.81 Profitability.

Mortgage 381