article thumbnail

How JVM Lending plans to expand without any loan originators

Housing Wire

After the 2008 mortgage meltdown, JVM let go of all its loan originators and trained its employees to target the jumbo loan market in the San Francisco Bay area instead. Back in the 2007-2009 meltdown, we had loan officers with us at that time.

Lending 359
article thumbnail

Risk of mortgage fraud is on the rise in the current market

Housing Wire

As the housing market enters a purchase-market cycle sparked by rising mortgage rates that have killed off a long-running refinance boom, we can expect to see mortgage-fraud schemes proliferate, industry experts say. The post Risk of mortgage fraud is on the rise in the current market appeared first on HousingWire.

Mortgage 374
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Deephaven CTO on building a non-QM tech stack

Housing Wire

And then there are some areas that are specific to our products in the non-QM lending space where there may not be anything in the market that is pre-built or off the shelf and the only opportunity to actually bring some of our lending products to market or execute on our on our strategies is to build something custom.

article thumbnail

Opinion: When it comes to default and REO, what you don’t know will hurt you

Housing Wire

Even though mortgage origination volumes are down, we’re experiencing a highly competitive purchase market. From 2007 through mid-2013, approximately 5.5 Especially where service providers were unprepared for the sudden pivot in market conditions after the refinance boom of the early 2000s.

Legal 407
article thumbnail

Steve Harney, founder of Keeping Current Matters, has died

Housing Wire

He became a top-producing real estate agent in the area and in 1991 became the manager of the largest office for Prudential Long Island Realty , training agents throughout the East Coast markets. Four years later, Harney founded his own brokerage, National Homefinders, using market insights to grow the business to 500 agents.

article thumbnail

Why home-price growth is still up 18% year over year

Housing Wire

While the growth rate is cooling monthly, we are still in a savagely unhhealthy housing market trying to get national inventory levels back to pre-COVID-19 levels. From Realtor.com : Even with demand weakness in recent months, days on market are still low. Housing inventory issue with no booming demand.

Inventory 381
article thumbnail

MORE AMORIN INFLUENCE (MAI): The AI National Nominating Committee Design Is Being Attacked By FOJs

Miller Samuel

Remember that Jim Amorin makes over $500k, and using comps of CEOs at reasonably similar organizations, his salary is nearly double the market rate - and membership is forced to pay that. I find his efforts consistent with the disrespect and lack of attention that residential membership has experienced since the Jim Amorin era began in 2007.

Design 370