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Williston Financial Group’s MyHome acquires Volly

Housing Wire

Launched in 2004, 10 of the nation’s top 30 banks work with Volly. Volly’s services will be offered through WFG Enterprise Solutions, which provides customizable services, including appraisal management, valuation services, title and settlement services, sales enablement, and CRM tools, for lenders of all sizes.

Retail 427
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StoicLane has plans to create an appraisal giant

Housing Wire

Less than one month after launching operations , the private holding group StoicLane – the backers of Interfirst Mortgage – has acquired control of the appraisal management company Lender’s Valuation Services (LVS). The team co-founded several companies and, since 2004, they claim to have created $4 billion in equity value to investors.

Appraisal 370
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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 deal gave the combined company a valuation of $16.1 The NBA said in a news release that the deal is expected to close this week, and both teams will change hands for the first time in 19 years. The executive joined UWM in 2003.

Valuation 370
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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. Quicken Loans passed the value along to the appraisal company, which changed the home’s valuation from $122,500 to $125,500, the couple claimed. Rocket had requested the revision of the case last fall.

Appraisal 417
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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 Formed in 2013, Compass went public after raising more than $1.5 billion in VC cash.

Brokerage 370
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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 of America’s valuation at the debut was expected to be $1.9

Finance 382
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How analysts see 2024 shaping up for mortgage lenders

Housing Wire

According to KBW analysts, affordability is 30% below the long run with payment-to-income of 27% compared to 20% between 2002 and 2004. Meanwhile, it expects a structural supply shortage of 1.5-2.5 million homes.

Mortgage 505