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 427

Mortgage Government Sellers Clients 427

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 416

Lending Retail Contracts Construction 416

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 515

Inventory Housing Market Mortgage Marketing 515

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 383

Realtors Real Estate Inventory Marketing 383

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 370

Insurance Retail Real Estate Clients 370

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 370

Insurance Retail Real Estate Clients 370

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.

170

170

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 481

Inventory Housing Market New Listings Buyers 481

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 427

Investing Mortgage Lending Business 427

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

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 416

Law Lending Investing Mortgage 416

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 87

Finance Marketing Lending Mortgage 87

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 395

Real Estate Technology Realtors Investors 395

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 Mortgage Appraisal 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

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

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

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

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 329

Mortgage Realtors Real Estate Housing Market 329

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 417

Supply Chain Housing Market Marketing Inventory 417

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 417

Lending Human Resources Mortgage Loan Officers 417

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 149

Finance 149

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 417

Appraisal Law Valuation Home Value 417

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 383

Insurance Investors Marketing 383

Housing Wire

APRIL 30, 2023

In 2007, when sales were down big, total active listings peaked at over 4 million. We had high inventory levels while the unemployment rate was still excellent in 2007. This proves that the mass supply growth we saw from 2005-2007 was due to credit stress, not because the economy was in a recession; the U.S.

Inventory 518

Inventory Housing Market Marketing New Listings 518

Housing Wire

MAY 1, 2023

To understand how this might happen, consider Figure 3 below, which depicts actual net loss rates for mortgages purchased by Fannie Mae for two different sets of vintages; a more severe period represented by origination years 2005-2007, and 2013-2015 representing a much more favorable period of time.

Mortgage 407

Mortgage Insurance Development Business 407

Housing Wire

MAY 14, 2021

Not to mention, during the 2007 housing market crash, some had just bought their first homes and unfortunately, lost their homes during the crash. And are hopefully more financially stable than the average 20 something-year-old. But that’s not the only reason this generation is shopping for their dream home now.

Housing Market 543

Housing Market Marketing Buyers Real Estate 543

Housing Wire

AUGUST 14, 2023

According to the DOJ, the United States filed a complaint alleging that UBS “defrauded investors” by making false and misleading statements to buyers of 40 RMBS issued in 2006 and 2007 relating to the characteristics of the loans.

Investors 370

Investors Law Design Mortgage 370

Appraisal Buzz

JUNE 22, 2022

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

Marketing 150

Marketing Inventory Mortgage Appraisal 150

Housing Wire

MAY 20, 2022

Founded in 2007, Planet Home Lending originated $28 billion in 2021, up 45% year over year, becoming the 31st biggest lender in the country, according to Inside Mortgage Finance. Planet Financial Group, an integrated family of companies delivering origination, servicing, and asset management solutions, is the parent of Planet Home Lending.

Lending 406

Lending Finance Mortgage 406

Housing Wire

FEBRUARY 8, 2024

housing credit looks very different than in 2005, 2006, 2007 or 2008. People have been screaming about a housing bubble crash on social media sites for over 12 years. The truth is, U.S. Homeowners have actually never looked better and the data from the Federal Reserve ‘s Quarterly Report on Household Debt and Credit shows why.

Legal 481

Legal Mortgage Law Marketing 481

Housing Wire

AUGUST 2, 2021

Banks reported that standards were the easiest pre-financial crisis (2005 to 2007) and tightest post-financial crisis (2008 to 2010) across all loan categories. However, despite the loosening of standards, they continue to be elevated for residential real estate loan products when compared to standards in 2019, the report noted.

Mortgage 469

Mortgage Lending Government Loan Officers 469

Housing Wire

MAY 7, 2023

In 2007, when sales were down big, total active listings peaked at over 4 million. We had high inventory levels while the unemployment rate was still excellent in 2007. This proves that the mass supply growth we saw from 2005-2007 was due to credit stress, not because the economy was in a recession; the U.S.

Inventory 487

Inventory Housing Market Marketing New Listings 487

Miller Samuel

APRIL 1, 2023

Most notable here is the slightly diminished reliance on the securities sector, as noted by the declining salary multiplier to the private sector since the peak in 2007 and the smaller share of securities industry employment to total employment. I update my yearly chart series that breaks out the annual bonus results.

Real Estate 195

Real Estate Housing Market Appraisal Marketing 195

Housing Wire

SEPTEMBER 13, 2022

And I believe we went through a reset, the same way we did back in 2006 and 2007. He did not provide more details regarding their last paychecks and severance payments when asked. . “Our industry is saturated with Realtors and loan officers. And it happens in this industry every 10 years or so,” Margarini said. .

Mortgage 370

Mortgage Loan Officers Retail Lending 370

Housing Wire

AUGUST 24, 2020

More than 75% of panelists said the Federal Reserve monetary policy is currently “about right,” the highest approval level since 2007. About 51% supported enacting structural policies to support stronger economic growth, 22% wanted greater spending restraint, while 19% would increase tax revenues.

Business 523

Business 523