Appraisal Buzz

MAY 17, 2021

Prices were escalating quickly, and buyers were purchasing in a frenzy for fear of being left behind and not being able to get their foot on the property ladder. In the run-up to the 2008 market crash, appraisers were overworked and took on more than they reasonably could handle. This is no different than ignoring declining trends.

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Appraisal Clients Real Estate Sellers 418

Housing Wire

JULY 7, 2022

In Portland, Oregon, for example, one loan officer noted that new listings doubled in the second half of May from 800 to 1,900 new listings. After the housing crisis of 2008, many homebuilders went out of business, and for years following the recovery, building did not pick up to the level needed to accommodate demand.

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Inventory Marketing Mortgage Supply Chain 393

Housing Wire

JUNE 15, 2022

But this year, as rates have crested 6%, about 70% of Neat’s originations are adjustable-rate mortgages, a product that until recently had fallen out of favor due to the role they played in the housing crash of 2008 and a decade-plus of fixed-rate mortgages under 5%. . It’s not a bad thing for borrowers, lenders, and loan investors.

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Mortgage Bracketing Loan Officers Investors 370

Housing Wire

AUGUST 25, 2022

During the second-quarter earnings season, executives from publicly traded mortgage lenders detailed their forays into jumbo loans, non-qualified mortgages, reverse mortgages, home equity products and even personal loans. It comes at a time in which the housing market favors buyers and seller concessions become more frequent.

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Mortgage Loan Officers Finance Investors 393

Housing Wire

MAY 7, 2023

didn’t go into recession until 2008. As you can see in the chart below, there is a big difference between the current housing market and those looking for a repeat of 2008. 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.

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Inventory Housing Market Marketing New Listings 483

Housing Wire

MARCH 10, 2021

Today, that issue has been solved through partnerships with tech companies like Maxwell and its digital mortgage platform , empowering community lending teams with mobile-first, accessible technology that delights borrowers and increases loan officer productivity.

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Marketing Technology Lending Business 382

Housing Wire

DECEMBER 28, 2023

In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate ’s managing director and a top-producing loan officer. This is a lot different than 2008 where you needed a credit score and a heartbeat to get a mortgage. An additional 21% closed 1.5

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Business Mortgage Loan Officers Inventory 424

Housing Wire

MARCH 27, 2023

since the 2008 financial crisis. After the FDIC seized control of SVB on March 10, the bank regulator has since been looking for a buyer for the bank either in its entirety or in pieces. SVB focuses on jumbo loans (greater than $726,200), which have lower rates, for primary and secondary homes. In total, 76.6%

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Insurance Loan Officers Mortgage Clients 78

Housing Wire

MAY 6, 2024

Largely hidden from view and misperceived by some to be on the lower end of the hierarchy of service providers, the position seemingly lacked the luster of the real estate agent or the panache of the loan officer. During the housing crisis of 2008, the title industry suddenly emerged from obscurity into full view.

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Real Estate Agent Real Estate Project Management Agents 389

Cornerstone

FEBRUARY 15, 2022

The housing crash of 2008 resulted in more than nine million households losing their homes to a short sale, foreclosure, or bank surrender. Connect with a local loan officer to find out how. When the market was flooded with foreclosures in 2008, these homes only added to the surplus of homes listed for sale. Bottom line?

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Loan Officers Housing Market Inventory Mortgage 59

Housing Wire

JANUARY 27, 2023

The lender runs its business based on a “no-loan-officer” model in which all of its 45 employees are licensed and delegated to a specific role in closing a loan. Back in the 2007-2009 meltdown, we had loan officers with us at that time.

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Lending Real Estate Agent Loan Officers Retail 393

Cornerstone

MARCH 12, 2021

The long answer: Here are several solid reasons why: Housing inventory remains at record lows , while buyer demand has reached record highs. Partner with a local loan officer who has the tried-and-tested technology to help you and your clients move fast. Find a loan officer who cares as much as you do.

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Clients Sellers Loan Officers Real Estate 62

Housing Wire

AUGUST 23, 2023

Mortgage lenders and loan officers said they are navigating the challenging landscape by going “back to the basics,” which means offering 30-year fixed loans to borrowers with the expectation that they will be able to refinance down the road. When asked why U.S.

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Mortgage Loan Officers Inventory Housing Market 370

AmeriMac

MARCH 15, 2024

In this blog, we will delve into the world of AMCs, exploring their evolution, core functions , regulatory framework, and the benefits they offer to lenders, homeowners , and buyers. The concept of AMCs was developed in the 1970s but didn’t gain widespread use until after the financial crisis in 2007-2008.

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Appraisal Appraisal Process Valuation Real Estate 36

Town & Country Residential Appraisals

JANUARY 24, 2020

The financial collapse of 2008 was a prime example of what happens when various parts of the real estate machine stop functioning objectively and begin to “make deals work.” If you ever experience this from a loan officer, feel free to report this behavior to the CFPB here.

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Appraisal Market Value Contracts Clients 36

Appraisal Today

MAY 10, 2024

The mortgage loan officer handling the loan? In more recent downturns, such as during the 2008 recession, many foreclosures were due to bad lending. To read the Fannie document, Click Here My comments: What will happen to owners and buyers who cannot get insurance or whose costs will go way up? Was it the borrower?

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Reconsideration of Value Appraisal Real Estate Insurance 71

Housing Wire

MAY 31, 2022

Since its establishment in 2008, the firm said it has bought and sold about $12 billion in residential real estate. Headed by sales managers Tim Hattan and Tom Bond, as well as loan officer Dalton Clark, the team has expertise in construction lending, which can help buyers determine whether a construction loan will be a viable option. .

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Mortgage Construction Lending Real Estate 382

Housing Wire

JUNE 27, 2022

Like many loan officers, Dicker was working nights and weekends, banging out refinancings and purchase mortgages at record-low rates for clients. Fewer buyers in the market also means homebuilders are enticing shoppers with incentives, which negatively affects margins. The last two years have been good to Christian Dicker.

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Housing Market Marketing Brokerage Real Estate 433

Housing Wire

MAY 24, 2022

Multiple crops per year: Move-up buyers and refinancing. Some went risky with a popular ARM loan and got a 6.5% Servicers of the ARM loan start calling them in 2008 for a locked rate or fixed, lower rate. For starters, there will be fewer of us — loan officers, banks, brokers. How do we clean the fields?

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Mortgage Real Estate Agent Business Loan Officers 424

PennyMac

JANUARY 20, 2021

Driven by concerns brought on by the coronavirus pandemic, the Federal Reserve has been maintaining the benchmark interest rate at the historically low range of 0.00% to 0.25% — matching their lowest levels from over a decade ago, when the Fed cut them to nearly zero during the 2008 housing crisis. *.

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Sellers Mortgage Loan Officers Housing Market 36

Appraisal Today

MAY 12, 2023

Most buyers were tech people from the Bay Area. If not working use this link [link] An oldie from 2008 but a goodie ;> A blast from the past, pre-HVCC!! Remember what it was like during the crash after 2008, when there were very few loans, and appraisal volume severely declined? CLICK ON ARROW TO SEE VIDEO ON YOUTUBE!

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Appraisal Architecture Business Contracts 52

Appraisal Today

OCTOBER 21, 2022

But what will happen in the future when buyers say they paid too much or lenders say the appraisal was too high or not USPAP compliant for appraisals you did in the past? My comments: Fun to look at but does it appeal to many buyers? Appraisals are ordered after the loan application. You need coverage for those years.

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Appraisal Marketing Contracts Insurance 52