Appraisal Buzz

JUNE 4, 2021

The post Forbearances Tumble; Mortgage Profits Break 2008's Record; Locking/Floating After Jobs Report appeared first on Appraisal Buzz. There were also noticeable declines in the number of borrowers returning to the program as well as new participants. All told, the number of forbearances dropped by 71,000 or 3.2

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Eyes on Housing

SEPTEMBER 3, 2021

of new home sales in the second quarter of 2021—the largest share since the beginning of the Great Recession in 2008. NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the U.S. Census Bureau reveals that conventional loans financed 76.3% The share of sales backed by conventional loans in Q2 2021 increased 5.1

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Housing Wire

NOVEMBER 8, 2023

With home prices at all-time highs and concern that the labor market will break going into a recessionary period, is another 2008-style crash a possibility? Foreclosures and bankruptcy data One of the most prominent credit stress data lines I have ever seen came during 2005-2008. Is the U.S. headed for another housing bubble crash?

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Housing Wire

DECEMBER 29, 2022

There are similarities and significant differences between the housing recession we’ve seen this year versus 2008, and looking at specific factors in both timeframes gives us an idea of what to expect in 2023. Let’s look at the recessionary factors we see now versus 2008. First, we must define what we mean by recession.

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Housing Wire

MARCH 30, 2023

today and why they’re so different than the period of 2002-2008. However, the current housing market is much different than the credit boom-and-bust cycle of 2002-2008, and it’s vital to understand why. However, we aren’t going to see the credit availability collapse in the same way we did in 2008.

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Inman

APRIL 13, 2023

Jerry Grantham, co-founder of the investment firm GMO, said this week he fears another bubble is about to burst, with the crisis that gripped the banking system in March just the beginning.

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Housing Wire

DECEMBER 30, 2023

Going into 2023, people thought housing inventory would skyrocket, home prices would crash, and we would see the housing market of 2008 all over again. In 2008, this number for that week was 249,655. From 2008-2011, new listings data averaged between 250,000 and 400,000 , peaking near 400,000 in 2011.

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Housing Wire

JULY 6, 2022

This typically happens in a recession, however, the notion that credit lending in America will collapse as it did from 2005 to 2008 couldn’t be more incorrect, as we haven’t had a credit boom in the period between 2008-2022. The short (and long) answer is no, not a chance. It really is that simple, folks.

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Housing Wire

JANUARY 8, 2024

The Austin , Texas-based brokerage was founded in 2008 by Pat Tate, who will be jumping to Coldwell Banker with her son, Drew Tate, and three other agents. Boutique luxury brokerage Tate Property Group has joined Coldwell Banker , the company announced last week. The group will relocate to the Coldwell Banker’s Westlake office.

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Inman

MARCH 20, 2023

The acquisition by UBS, one of the largest real estate asset managers in the world, is intended to help contain the crisis of confidence spreading across international financial markets.

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BiggerPockets

SEPTEMBER 12, 2022

Are we on the cusp of a 2008 housing market […]. Home sales are starting to slump, days on market continue to climb, and price drops are becoming the new norm.

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Housing Wire

DECEMBER 15, 2023

Once the December data for existing home sales is tallied up, 2023 could be the worst year for existing home sales seen since 2008 or since 1995, Yun said during his presentation. Meanwhile, new home sales performed exceptionally well in 2023, making it the third or fourth-best year for new home sales since 2008.

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Housing Wire

DECEMBER 7, 2023

Since the 2008 housing crisis , there have been significant changes that prompted the Treasury to place Fannie Mae and Freddie Mac under conservatorship. In fact, this was never the route intended by Congress when it passed HERA in 2008. So how do we get there?

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Inman

MARCH 13, 2023

The meltdown of Silicon Valley Bank has sent shockwaves through the proptech industry. Here’s how to keep it from poisoning the well during the spring market.

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Housing Wire

FEBRUARY 7, 2024

Hardiman first joined Embrace Home Loans in 2008 as a project manager, the news release stated. “We have an outstanding team at Embrace, and I’m looking forward to contributing to our growth and our community-focused initiatives. It’s a great honor, and I’m eager to lead us into this new chapter.”

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Housing Wire

MARCH 10, 2023

The report also points out how IMB critics bootstrap legitimate concerns about largely unregulated nonbank financial products like crypto or payday lending to claim similar risks for IMBs, even though mortgages are more extensively regulated than any other financial product in the wake of the 2008 crisis. Another 2008? Harmless myths?

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Housing Wire

OCTOBER 27, 2022

Banosian compared today’s opportunity for growth to 2008, saying that those who were “killing it” in and after 2008 are not the same people who were doing well before then. “If If you look at the top 10 lenders now, I’m not even sure you recognize any of the names prior to 2008,” he said.

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Housing Wire

FEBRUARY 27, 2024

New HUD-VASH vouchers have been issued every year since 2008, and more than 81,000 of these vouchers are actively under lease by veteran recipients. “Additionally, VA and HUD partnered to permanently house more than 46,000 homeless Veterans in 2023, surpassing the calendar year goal by 22.5%.”

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Inman

JANUARY 30, 2023

Now, although price growth through the pandemic period was clearly excessive, writes economist Matthew Gardner, fundamentally speaking, the two periods cannot be considered to be similar at all.

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Inman

JANUARY 15, 2024

The National Association of Realtors may be on the verge of a bigger membership decline than it's ever seen before — including during the 2008 housing crisis. Intel explores why that is.

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Housing Wire

JULY 14, 2023

Bordick , under the federal Truth in Lending Act (TILA) on behalf of a couple that took out a mortgage in 2008 in order to purchase land for the construction of a new home. While they sold the home in 2014, the sale proceeds were not enough to cover the debt since the home lost value during the 2008 financial crisis.

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Housing Wire

MARCH 31, 2022

We aren’t anywhere close to the housing bubble dynamics we had from 2002 to 2008; that environment is simply impossible to replicate. In the past, the speculative credit boom led to people filing for bankruptcies and foreclosures in 2005, 2006, 2007 and 2008. Then after all that, we had the great recession.

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Sacramento Appraisal Blog

SEPTEMBER 14, 2021

Is this 2008 all over again? We’re seeing more price reductions lately. Does this mean the market is starting to collapse? Are things beginning to turn? I’ve been getting great questions like this lately, so let’s talk shop.

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Housing Wire

JUNE 21, 2023

In 2008, Congress amended FHFA’s authorizing statute to give FHFA relatively broad authority to prescribe regulatory capital requirements for the Enterprises,” the report reads. The 2008 amendments, however, did not update the outdated definitions of regulatory capital from the original authorizing statute.”

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Housing Wire

AUGUST 23, 2021

Both together make it very difficult for an epic housing crash in sales to happen, especially when the years 2008-2019 had the weakest housing recovery ever. As I showed here, the market we have currently isn’t 2008 all over again. sickness.

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Realtors Marketing Mortgage Housing Market 536

Housing Wire

SEPTEMBER 8, 2022

People’s first reaction was to wonder if this was 2008 all over again. Well, it isn’t 2008, but this type of loan does have risk — and it’s the risk that is traditional among all late economic cycle lending in America when the loan requires low or no downpayment.

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Housing Wire

JUNE 7, 2021

During the previous economic expansion from 2008 to 2019, the housing market was subject to the constant refrain of build more homes. The previous economic expansion from 2008 to 2019 was the weakest housing recovery ever. Because that period followed a housing boom and bust when inventory was overbuilt.

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Housing Wire

MARCH 26, 2024

This brought the total to 6.905 million since the start of the GSE conservatorships in September 2008, the FHFA foreclosure prevention and refinance report showed. Over the course of 2023, the government-sponsored enterprises (GSEs) completed 192,897 foreclosure prevention actions.

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Housing Wire

MARCH 21, 2023

Although he noted similarities to the market of 2008, Ratiu stressed the current market has some important differences. “What we’re seeing is something that is part of the historical real estate cycle – it moves in tandem with credit markets and the broader economy.

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Housing Wire

SEPTEMBER 14, 2022

Demand for mortgage loans declined last week as mortgage rates reached their highest level since 2008, crossing the 6% threshold. . MBA’s estimate, however, indicated the average contract 30-year fixed-rate mortgage for conforming loans ($647,200 or less) rose to 6.01% this week to the highest level since 2008, from the previous week’s 5.94%.

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Housing Wire

NOVEMBER 30, 2021

In the third quarter, the FHFA announced that its house price index saw the largest increase since the metric was introduced in 2008. A 2008 law determines the conforming loan limits for Fannie Mae and Freddie Mac. Median home values exploded across dozens of housing markets across the country in 2021. House prices increased 18.5%

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Housing Wire

MARCH 7, 2024

Since the aftermath of the 2008 financial crisis, depository lenders have gradually retreated from the residential mortgage sector due to escalating capital costs and diminished profitability.

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Housing Wire

JANUARY 26, 2024

In 2008, at the onset of the Great Recession, Americans over the age of 55 owned 44.3% In contrast, fewer baby boomer homeowners can be found in Midwestern states including North Dakota (35.5%), Nebraska (35.6%), Minnesota (35.7%) and Indiana (36.0%). Utah “stands alone” with only a 30.4% of homes,” the report explained. “By

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Marketing Construction Housing Market Mortgage 441

Housing Wire

DECEMBER 10, 2020

Amidst a widespread and imprudent weakening of credit standards and a complete failure by the credit rating agencies to properly assess risk, the housing finance market imploded in 2008. Post-2008, a few politicians, perhaps the U.S.

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Housing Wire

AUGUST 14, 2023

The case stems from the restructuring of the agencies in 2008. A group of GSE investors alleged that the government knew the GSEs would turn a huge profit after a $100 billion bailout from the Treasury in 2008. FHFA is that the FHFA violated the contractual rights of shareholders when it gave away all their dividends in perpetuity.

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Investors Government Law Investing 370

Housing Wire

JULY 22, 2022

Founded in 2008, Live Oak Bank has a digital, cloud-based bank serving small business owners in all 50 states. Crawford, a former pro football player, founded distributed retail nonbank Movement Mortgage in 2008. Crawford said he joined the board of directors of Live Oak to transform “the way banking is done.”.

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Housing Wire

MAY 18, 2023

This is not, nor can it ever be, like 2008. If it was like 2008, you’re about four to six years too early in 2023. You would need years of credit stress building up, as we saw in 2005-2008, all before the job loss recession data. housing market inventory channels have changed due to how the U.S.

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