2008 Clients Contracts Lending 
Housing Wire
JANUARY 27, 2023
California-based retail lender JVM Lending plans to drum up business this year — but by doing the exact opposite. 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.
Housing Wire
DECEMBER 20, 2023
So he did what a lot of retail loan officers in the industry were doing — Mike would reclassify a self-generated lead as a corporate-generated lead, thus slashing his compensation from 125 basis points down to as low as 50 bps, giving him a low enough rate to win the client and eventually close the deal. The lower comp rate stung.
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Housing Wire
OCTOBER 1, 2022
The National Association of Realtors Research Group has produced the index since 2008, at a time of turmoil in the real estate market. Notably, the market has contracted as fewer buyers can afford to purchase in today’s market with the rise in interest rates and the continual rise in home prices.
Housing Wire
MARCH 15, 2023
” The MBA survey shows that the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) was 6.71% last week, down from the previous week’s 6.79%. Silicon Valley Bank collapsed last week after it lacked the liquidity to pay for clients’ withdrawals. ”
Appraisal Buzz
MARCH 14, 2022
Post submission of an appraisal report ordered by an AMC for lending purposes, a quality control check of the report will be completed. Once the AMC deems the report satisfactory, it is forwarded to their client, the lender. What would happen on purchase transactions if the Purchase Contract were not provided to the appraiser?
Appraisal Buzz
MAY 17, 2021
In the run-up to the 2008 market crash, appraisers were overworked and took on more than they reasonably could handle. Almost daily, there is some story on social media about being “turned in” to the state by a disgruntled agent, buyer, or seller for appraising a property below the contract price. We analyze and report.
Housing Wire
JUNE 28, 2021
He started contracting with home mortgage lenders to appraise the value of the property tied to a loan. “It But DeZarn was an independent contractor business of one, and he lost his clients in 2008 when the housing market imploded. The church never quite paid the bills, and DeZarn needed a flexible second job. It fit well.
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