Inman

MARCH 24, 2023

This week, Byron Lazine and Nicole White discuss Josh Altman's view of California's proposed mansion tax, the tug-of-war between millennials and boomers, and the pain Zillow's CEO sees on the horizon.

Agents 157

Agents Marketing 157

Housing Wire

MAY 8, 2024

million, currently at 1,110,000 As you can see above, inventory grew at a healthy clip in previous decades and then had a parabolic run higher in 2006 and 2007 when active inventory reached 4 million. Just look how lousy credit looked below in 2005, 2006 and 2007 — all before the job-loss recession in 2008.

Inventory 511

Inventory Law New Listings Sellers 511

Housing Wire

SEPTEMBER 21, 2023

As we can see in the chart below, even with the biggest home sales crash in history for one year, inventory data has yet to return to the peaks we saw in 2007. Getting back to the four-decade average between 2-2.5 million has been a struggle. Remember, people don’t sell to be homeless; they sell to obtain shelter most of the time.

Inventory 517

Inventory Housing Market Mortgage Marketing 517

Eyes on Housing

MAY 24, 2024

That marks the highest share of buyers leaning toward a new home since 2007, when. Faced with the alternative of choosing between an existing home and a newly built home, 61% of home buyers in a recent NAHB study* indicated a new home is their first preference.

Buyers 138

Buyers 138

Appraisal Buzz

JULY 8, 2024

of the average national wage in the second quarter – marking the high point since 2007 and standing well above the common 28% lending guideline. However, the trends this year are particularly challenging for house hunters, more so than at any point since the housing market boom began in 2012.” quarterly and 4.7% annually.

Property Taxes 195

Property Taxes Buyers Insurance Lending 195

Housing Wire

MARCH 18, 2024

Founded in 2007, Nations Direct Mortgage is a direct seller to Fannie Mae , Freddie Mac and Ginnie Mae , according to its website. The wholesale lender notified impacted individuals of the data breach at the end of February. Customers were notified of the protection services earlier this month.

Mortgage 431

Mortgage Government Sellers Clients 431

Inman

MARCH 8, 2024

Harney founded Keeping Current Matters in 2007 to help agents and homeowners prepare to navigate the coming financial crisis.

Agents 169

Agents 169

Housing Wire

SEPTEMBER 1, 2021

Barack Obama uttered those words on the footsteps of the Illinois state capitol in 2007 – a speech where the former Illinois state senator declared his candidacy for president. median home price of $207,000.

Realtors 384

Realtors Real Estate Inventory Marketing 384

Housing Wire

MARCH 21, 2024

Founded in 2007, it was the only top 10 national lender to grow its sales volume on a year-over-year basis in the first half of 2023, according to Inside Mortgage Finance data. Planet Home Lending is an originator, correspondent lender, servicer and subservicer of agency and nonagency residential and commercial mortgages. increase.

Lending 411

Lending Retail Contracts Construction 411

Inman

MARCH 19, 2024

The Andreessens have owned the home since 2007 and conducted extensive renovations. The couple also recently purchased several properties in Malibu, suggesting a switching of allegiances to Southern California.

Renovations 169

Renovations 169

Housing Wire

MARCH 7, 2022

Attorney members who joined ATG between 1964 and 2007 and their successors have been asked to vote on the merger. For a variety of reasons, we stopped selling shares in 2007. ATG president and CEO Peter Birnbaum announced the plans for the merger in early January in an email to ATG agents and shareholders.

Insurance 369

Insurance Retail Real Estate Clients 369

Housing Wire

MARCH 7, 2022

Attorney members who joined ATG between 1964 and 2007 and their successors have been asked to vote on the merger. For a variety of reasons, we stopped selling shares in 2007. ATG president and CEO Peter Birnbaum announced the plans for the merger in early January in an email to ATG agents and shareholders.

Insurance 369

Insurance Retail Real Estate Clients 369

Inman

JUNE 4, 2024

Unlike subprime loans that were subjected to minimal underwriting standards in the runup to the housing crash and 2007-09 Great Recession, UWM's zero-down loans have to meet criteria set by mortgage giant Freddie Mac.

Buyers 133

Buyers Mortgage Tools 133

Housing Wire

FEBRUARY 3, 2021

If this happens, it would prove a dramatic contrast to that of the financial crisis, in which lenders tightened credit standards from 2007 through 2010, said Curt Long, National Association of Federally-Insured Credit Unions chief economist and vice president of research.

Lending 545

Lending Mortgage Insurance Housing Market 545

Appraisal Buzz

MAY 21, 2024

In 2007, she launched her first coaching and training company. Carrie Guarrero has been promoted to the role of president of Fairway Independent Mortgage Corp.’s s coaching platform, Fairway Ignite. Guarrero has participated in various coaching and certification programs since 1998.

Mortgage 195

Mortgage Training Design Real Estate 195

Inman

SEPTEMBER 29, 2023

Home prices could be reaching a breaking point, new report says, as housing affordability drops to lowest level since 2007. The median price of homes and condos is a record $351,250.

165

165

Eyes on Housing

JANUARY 27, 2022

NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the U.S. Census Bureau reveals that conventional loans financed 77.8% of new home sales in the fourth quarter of 2021—the largest share since Q1 2008. The share increased 2.9 percentage points since Q4.

Finance 86

Finance Marketing Lending Mortgage 86

Housing Wire

FEBRUARY 20, 2024

The division’s leadership team will now also include Dan Ventura, who has served at Fairway since 2007 and last year was appointed as VP of reverse mortgage operations. “This partnership underscores Fairway’s commitment to the highest levels of professionalism and ethics in serving senior homeowners.”

Investing 428

Investing Mortgage Lending Business 428

Appraisal Buzz

JUNE 18, 2024

This balance of available homes to homeseekers reached a tipping point when the Great Recession hit in 2007-2009—a balance which reached a tipping point when the recession ushered in a decade of underbuilding. This has had lasting consequences. Millennials—the biggest generation in U.S.

Inventory 448

Inventory Construction Law Real Estate 448

Housing Wire

FEBRUARY 9, 2021

He grew the firm to 23 offices with 1,100 agent before selling the company at the end of 2007. McClelland was a top Realtor before starting a small independent firm in Atlanta after his first year in the business. McClelland joined Metro Brokers in April of 2008 as the Director of Strategic Growth.

Real Estate 397

Real Estate Technology Realtors Investors 397

Housing Wire

NOVEMBER 3, 2023

By 2007, this share had declined to just 28%. “Banks now originate and hold a much smaller share of outstanding mortgage debt than they did when the legislation was originally enacted,” the CFPB said in an announcement. “In In 1977, banks held 74% of outstanding mortgage debt.

Law 409

Law Lending Investing Mortgage 409

Appraisal Buzz

JULY 11, 2024

The national foreclosure activity total in Q2 2024 was 68% below the pre-recession average of 278,912 per quarter from Q1 2006 to Q3 2007. Q2 2024 foreclosure activity below pre-recession averages in 79% of major markets ATTOM further said that there were a total of 89,466 U.S.

Real Estate 359

Real Estate Housing Market Marketing Appraisal 359

Appraisal Buzz

JUNE 21, 2022

Inflating mortgage costs, driven by skyrocketing prices and interest rates, have made mortgages less affordable than at any time since at least 2007. According to the latest market report from Zillow, demand for homes has pulled back in response —easing price growth, slowing sales, and boosting inventory.

Inventory 195

Inventory Appraisal Mortgage Marketing 195

Eyes on Housing

APRIL 26, 2023

It is the largest share since 2007 but remains 30% lower than the post-Great Recession average. NAHB analysis of the most recent Quarterly Sales by Price and Financing report published by the U.S. Census Bureau reveals that the share of new home sales backed by FHA loans jumped from 8.4% in the first quarter of 2023. Read More ›

Finance 161

Finance 161

Appraisal Buzz

MARCH 31, 2022

Founded in 2007, Oakleaf is a data, modeling, capital markets, loan review and risk advisory firm for the mortgage and financial services industries. The Oakleaf Group has named Suzanne Mistretta as director of modeling and analytics.

Development 195

Development Appraisal Mortgage Marketing 195

Appraisal Buzz

FEBRUARY 21, 2022

This marks the lowest housing inventory since 2007. Inventory of homes for sale dropped to historically low rates in the beginning of 2022 while home prices continue to rise across New York State, according to the housing report released by the New York State Association of REALTORS. Inventory of homes for sale fell 30.3%

Inventory 195

Inventory Marketing Realtors Appraisal 195

Appraisal Buzz

MAY 18, 2021

Economists dive into April housing market indicators and explain how today’s turbulent mortgage environment differs from that leading up to the 2007-2008 crash. The post Home Prices Stoke ‘Housing Bubble’ Fears—are They Founded? appeared first on DSNews. The post Home Prices Stoke ‘Housing Bubble’ Fears—are They Founded?

Housing Market 195

Housing Market Appraisal Mortgage Marketing 195

Housing Wire

JULY 17, 2023

” When home prices started to fall in 2006 and investors abandoned the mortgage-backed securities (MBS) market in 2007, Countywide began running out of money. With Countrywide needing short-term funding and investigations into its mortgage lending business already swirling, Mozilo sold his company to Bank of America for $4 billion.

Lending 370

Lending Mortgage Business Government 370

Housing Wire

JUNE 18, 2021

In an economic outlook panel at HousingWire’s Engage.marketing event on Thursday, Duncan explained that in the 2007 to 2009 downturn, the industry went from building 2.2 It’s going to take all of them. million units to 600,000, and stayed around that level for three years.

Supply Chain 412

Supply Chain Housing Market Marketing Inventory 412

Housing Wire

AUGUST 10, 2022

Founded in 2007, Panorama originated from Alterra Home Loans , which carved out a niche by catering to first-time Hispanic homebuyers. Broadening homeownership opportunities and serving our customers well is what we’re all about.”.

Lending 421

Lending Human Resources Mortgage Loan Officers 421

Housing Wire

JUNE 12, 2024

For example, from 1985-2007, housing tenure was five to seven years; from 2008-2024, it grew to 11-13 years. As we can see in the FICO score data below, household cash flow data looks excellent. It’s good to remember that U.S. homeowners are living in their homes longer and longer.

Housing Market 491

Housing Market Mortgage Law Government 491

Housing Wire

OCTOBER 10, 2023

for the first time since 2007. In his keynote session to kick off the event, Mohtashami highlighted how the Fed feels increasingly uncomfortable with the speed at which the bond market is rising. He noted the benchmark 10-year Treasury yield edged 4.8%

Mortgage 331

Mortgage Realtors Real Estate Housing Market 331

Inman

MARCH 20, 2023

Terry Schmidt was Mary Ann McGarry's first hire at Guild in 1985, and the two led a 2007 management buyout of the company from founder Martin Gleich.

Mortgage 148

Mortgage 148

Housing Wire

JANUARY 13, 2022

The leading plaintiffs are two couples, Phillip and Sara Alig and Daniel and Roxanne Shea, who refinanced their mortgages in 2007 and 2008, respectively. Expert witnesses estimated the actual 2007 value of their home to be as much as $26,000 less than the appraised value. The Aligs obtained a $113,000 loan, putting them underwater.

Appraisal 421

Appraisal Law Valuation Home Value 421

Housing Wire

JULY 22, 2024

Morin founded Landmark Network in 2007, a company that quickly became a key player on the valuation side of the reverse mortgage space before being acquired by Class Valuation in 2018. Last April, Erik Morin made a return to the reverse mortgage valuation space by joining appraisal and valuation company Atlas VMS.

Appraisal 398

Appraisal Mortgage Appraisal Valuation Mortgage 398

Housing Wire

APRIL 18, 2024

million, and in 2007, it peaked at 4 million. NAR tracks inventory different than we do here at HousingWire: they have 1.11 million active listings per the last report, we have 526,000 per our last Housing Market Tracker article. Historically, going back to 1982, the average inventory range is between 2 and 2.5

Inventory 491

Inventory Housing Market New Listings Buyers 491

Housing Wire

JANUARY 20, 2023

Bilbrey joined Old Republic in 2007, was appointed executive vice president in 2008 and named president of Old Republic National Title Holding Co. A decade later, Billbrey was named company president. Just seven years later, Bilbrey and other investors purchased the firm, which was eventually sold to First American in 2003.

Insurance 380

Insurance Investors Marketing 380