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Douglas Elliman taps Deva Roberts to replace Haber as general counsel

Inman

Kenneth Haber, who had served as general counsel since 2004, will now shift to an advisory capacity at Douglas Elliman as a senior managing director, the brokerage told Inman on Friday.

Brokerage 121
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Rocket Companies CEO Jay Farner to retire

Housing Wire

Emerson will fill the seat on the board vacated by Farner and serve for a term expiring at Rocket’s annual meeting of stockholders in 2004 until his successor is elected. “Mr. Jay Farner will retire as CEO of Rocket Companies in June, ending his 27-year stint at the firm.

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Cherry Creek Mortgage Promotes Nicole McCrary to VP of Compliance

Appraisal Buzz

She joined Cherry Creek Mortgage in 2004 as a loan officer assistant. Nicole McCrary has been promoted to vice president of compliance at Cherry Creek Mortgage , a nationwide, full-service mortgage lender. McCrary is an 18-year company veteran.

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BiggerPockets Podcast 512: From Losing $150k at the Blackjack Table to 7-Figure Profits in Real Estate

BiggerPockets

Back in 2004, Jude Bernard was sitting at a blackjack table in Vegas. This wasn’t his first game of the day, nor his second, or even his third. Jude had […]. All BiggerPockets Real Estate Podcast

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Despite Prices Increasing 27 Percent, Homes More Affordable Than 2006 Peak

Appraisal Buzz

The Real House Price Index (RHPI) increased by nearly 27%, the fastest growth in the RHPI since 2004, says Mark Fleming, chief economist at First American. First American Financial Corp. has released the January 2022 First American Real House Price Index (RHPI). There was a 21.7% annual increase in nominal house prices and a 0.7 percentage point increase in the 30-year, fixed mortgage rate compared the same timeframe a one year ago. Household income.

Appraisal 150
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Supreme Court remands decision regarding appraisal values

Valuation Review

million stemming from allegedly tainted appraisals for 2,769 mortgage loans Quicken Loans, now Rocket Mortgage, originated from 2004 to 2009. The U.S.

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BiggerPockets Money Podcast 271: The 4 Rules of Managing Your Money w/ Jesse Mecham from YNAB

BiggerPockets

In 2004, Jesse Mecham launched this ground-breaking software, allowing money masters and novices […]. You Need a Budget is the expense tracker/budgeter that requires no introduction…but we’ll give it one anyways! BiggerPockets Money Podcast

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Ishbia gets NBA Board of Governors’ blessing to buy the Phoenix Suns

Housing Wire

The executive acquired both teams in 2004. The NBA Board of Governors announced on Monday that it had approved the group, led by mortgage industry executive Mat Ishbia, to acquire the Phoenix Suns and Phoenix Mercury.

Valuation 273
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Buyers viewed just eight homes before making their purchase

Housing Wire

From 2004 to 2006, during the housing boom years, even though homes were moving at a rapid pace, buyers typically looked at nine homes.

Buyers 447
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On Q Financial about Celebrity: “There’s nothing left to acquire”

Housing Wire

Arizona-based On Q Financial, founded in 2004, originated $2 billion last year in 46 states. After Celebrity Home Loans reportedly laid off most of its employees this week without paying their last paychecks, commissions and severance payments, On Q Financial said the deal to acquire some of the company’s assets has fallen apart. “There’s nothing left to acquire ,” Patrick Lamb, an executive at On Q Financial, said during an interview.

Retail 228
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Are U.S. real estate commissions illegal?

Housing Wire

Ryan – who is not to be confused with the fictional Ryanverse created by Tom Clancy – gained fleeting national attention in 2004 when he secured the Republican nomination for a vacant U.S. Jack Ryan, CEO of residential brokerage REX.

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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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The end of forbearance and the capital markets

Housing Wire

According to the Federal Housing Finance Agency purchase only house price index, it took almost six years during the bubble period from 1998 to 2004 for home price growth to accelerate from 5% to 10% on a year-over-year basis.

Marketing 370
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Bay Area team bolts Compass for Side

Housing Wire

Created in 2004 by Barr Haney and Whitney Potter, OWN Marin generated $381 million in 2020 sales volume, the agent team reported, on 153 deal sides, meaning that the median home in which they represented seller or buyer was priced at $2.8

Legal 358
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Redfin-owned firm RentPath names new CEO

Housing Wire

It’s only the second acquisition Redfin has made since its founding in 2004. RentPath , a Redfin company, has appointed former ParkMobile CEO Jon Ziglar as chief executive officer, effective August 16.

Tenants 327
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Interfirst Mortgage raises $175 million

Housing Wire

Since 2004, they claim to have created $4 billion in equity value to investors. Chicago-based mortgage originator Interfirst Mortgage Co. has raised $175 million to accelerate growth and fund new technologies , just 16 months after relaunching its operations.

Mortgage 291
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ALTA: Protecting property rights with title insurance

Housing Wire

nationally since 2004 and roughly 5% the past two years, based on the most recent industry data from 2021. For most real estate industry professionals, title insurance needs no introduction.

Insurance 485
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Old Republic announces new chief financial officer

Housing Wire

Mueller has been with Old Republic since 2004. Old Republic is making some changes to its C-Suite. The title insurance giant announced that Frank Sodaro will succeed Karl Mueller as chief financial officer when Mueller retires at the end of June.

Insurance 302
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Rocket Mortgage’s Rachel Robinson to speak at HW Annual

Housing Wire

Robinson joined Rocket Mortgage in 2004 as a mortgage banker before transitioning into leading an internal process improvement team.

Mortgage 258
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Another lender settles redlining accusations with DOJ

Housing Wire

In its press statement regarding the redlining settlement, Lakeland noted that it has received an “Outstanding” grade on its CRA rating every year since 2004.

Law 365
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Finance of America to acquire Parkside’s wholesale biz

Housing Wire

Parkside, founded in 2004 in San Francisco and led by CEO Matt Ostrander, also operates correspondent and retail channels.

Finance 354
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CFPB investigating Rocket Homes for illegal kickbacks

Housing Wire

Rocket Homes Real Estate , a real estate affiliate of Rocket Companies , is being investigated by the Consumer Financial Protection Bureau (CFPB) for possibly violating the Real Estate Settlement Procedures Act (RESPA) when it charged fees for referring Quicken’s mortgage clients to real estate agents, according to officials.

Brokerage 375
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StoicLane has plans to create an appraisal giant

Housing Wire

The team co-founded several companies and, since 2004, they claim to have created $4 billion in equity value to investors.

Appraisal 312
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REX undergoes second round of layoffs

Housing Wire

senate seat in 2004 but later dropped out of the race. REX Homes , the discount brokerage behind an anti-trust lawsuit against Zillow and the National Association of Realtors , announced its second round of layoffs late last week.

Realtors 310
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Hot home-equity market fueling securitization deals

Housing Wire

Unison, launched in 2004, joins another California-based fintech competitor, Point , in pursuing efforts to tap the secondary market to create more liquidity for the financing of shared home-equity contracts.

Marketing 336
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Finance of America CEO Patti Cook announces retirement

Housing Wire

She went on to become the chief investment officer first at Prudential Investment Management and then at JP Morgan Fleming Asset Management before serving as executive vice president and chief business officer at Freddie Mac from August 2004 through the end of 2008.

Finance 270
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Knight Barry Title acquires Florida’s MLS Title

Housing Wire

MLS Title, owned by Susan Malach, opened in 2004. Wisconsin-based Knight Barry Title has announced its acquisition of MLS Title , located in Fort Myers, Florida. The company now owns 12 companies in the Sunshine State. Bringing Susan’s great team on board serves two purposes for us — more convenience for our already loyal local customers and the opportunity to keep building the KBT brand,” said Craig Haskins, Knight Barry Title chief operating officer.

Business 229
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Supreme Court orders review of recession-era class action against Rocket

Housing Wire

million stemming from allegedly tainted appraisals for 2,769 mortgage loans Quicken Loans originated from 2004 to 2009.

Law 403
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Opinion: Why we need a mortgage rate reset

Housing Wire

By 2004, they heard they could refinance, possibly get some cash out. When writing about the ’80s banks and passbooks, I started to see a pattern emerge concerning customers and refinance loans and rates. They were so high; then so low. I started thinking about farming.

Mortgage 451
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Gentrification, Neighborhood Boundaries, and Bias

Appraisal Buzz

Comps in 2004 vs 2022: In terms of real estate, when it comes to comp selection, we might have pulled comps differently in 2004 compared with 2022 because the market is different now. This article was originally published on the Sacramento Appraisal Blog here.

Legal 195
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HW+ Member Spotlight: Bill Lowman

Housing Wire

Joining the company in 2002, American Pacific Mortgage named him president in 2004, and in 2016 he became CEO. This week’s HW+ member spotlight features American Pacific Mortgage CEO Bill Lowman.

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Glenn Stearns’ Kind Lending originates $1B in 6 months

Housing Wire

To fulfill his vision Stearns brought with him Yvonne Ketchum, who was with Stearns Lending from 2004 through 2018, and has been serving as Kind’s president since its founding. Glenn Stearns is back, and not just on television.

Lending 273
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Will mortgage lending get tighter in the next recession?

Housing Wire

This is a good thing, not a bad thing, and why I have made it a big part of my work over the last decade to talk about how we should never ease lending standards to get back to the levels we saw starting in 2004.

Lending 492
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5 updated predictions for the second half of the 2022 housing market

Housing Wire

At the 2004 pre-Great Recession peak, the cash-out share of volume originations reached 17.7%. This article is part of our housing market update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar.

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Title insurance industry volume rises 3.6% in Q1

Housing Wire

While the overall expense to purchase a home has increased significantly the past few years, the cost of title insurance coverage has decreased 7% since 2004. Despite rising interest rates , higher home prices and a drop in refinance volume , the American Land Title Association recorded $5.89 billion in title insurance premium volume during the first quarter of 2022, compared to $5.68 billion a year prior, according to the trade group’s Market Share Analysis , published Friday.

Insurance 271
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Redfin makes its big rental play with RentPath acquisition

Housing Wire

It’s only the second acquisition Redfin has made since its founding in 2004. It looks like RentPath will be sold after all.

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Title insurance industry premiums spike $7B year over year

Housing Wire

According to ALTA, the cost of title insurance coverage has decreased 7% since 2004, meaning for each dollar of premium a consumer purchases, they get an extra $26 in coverage, comparatively.

Insurance 262
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This Isn’t a Bubble

Empire Appraisal Group

Product risk—such as from mortgages with introductory periods, teaser rates, or balloon payments—comprised about 40% of the mortgage market between 2004 to 2006. ‘This Isn’t a Bubble’. source: ‘This Isn’t a Bubble’ | Realtor Magazine. The U.S.

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Wall Street is Far Ahead of the Real Estate Curve

Hank Miller Team

in 2004, bottomed at 63.7 Much of the nation spent the last two years holed up, staring at the TV waiting for instructions from Anthony Fauci. Meanwhile, the Atlanta real estate market exploded and subtle fundamental changes began to appear.

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Conservation Easement in Ohio: A Guide to Protecting Our Treasured Land

The Robert Weiler Company

Launched in 2004, the Big Darby Accord intended to preserve the land, plant life, and 38 rare species of fish and mussels that inhabit the area.

Easement 148