Housing Wire

OCTOBER 15, 2021

Schreiner Gates assumed the CEO mantle in June after founder Matt Hansen stepped down to lead a team of software developers and sales staff for upcoming research and development tactics within SimpleNexus. Brewer founded LBA Ware in 2008 and has grown the company rapidly in that time. LBA Ware made the Inc.

Technology 504

Technology Development Business Mortgage 504

Housing Wire

OCTOBER 10, 2022

Toll, who co-founded the large nationwide development firm alongside brother Bruce in 1967, was 81 and had Parkinson’s disease. Toll led the company through many housing cycles, including the 2008 financial crisis, partially due to a focus on luxury homes. “By far the worst. “But then again, we’ve got like $1.8

Law 394

Law Contracts Development Real Estate 394

Housing Wire

JUNE 9, 2021

It extends to their checking and savings accounts, small business and community development debt and equity financing, bank branch locations, financial literacy, grantmaking and more. It has to be recognized and lauded that IMBs have played an important role in providing access to credit and homeownership since the 2008 financial crisis.

Lending 456

Lending Development Government Finance 456

Appraisal Buzz

APRIL 29, 2024

Then came 2008: I suddenly found myself with a three-year old appraisal firm, a large office building full of furniture and equipment, several employees and trainees, and two young children—as the global economy imploded. Prior to the 2008 dust-up, this strategy had helped us become a dominant player in our market.

Clients 195

Clients Business Appraisal Lending 195

Housing Wire

NOVEMBER 7, 2022

Industry veterans Alim Kassam, Brian O’Shaughnessy and Kevin O’Shaughnessy founded Athas Capital Group and its in-house financing arm Rama Capital when the financial crisis hit the country in 2008. Since 2008, it has funded over 14,000 loans, reaching $5.5 billion in volume and becoming a top 10 non-QM originator.

Lending 427

Lending Investors Business Mortgage 427

Housing Wire

JULY 16, 2021

Specifically, 2008 gave a lot of us, including myself, the gumption to pretty much get through anything in our industry. What is your company doing to develop the next generation of leaders? They are our largest asset and we work diligently to identify key talent, develop career pathing, and invest in overall human capital.

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Investing Training Development Modernization 369

Housing Wire

SEPTEMBER 28, 2020

million housing starts, not anytime from 2008-2019. The monthly supply of new homes was mostly higher every month in the previous expansion (2008-2019) than any period from 1996-2005. We haven’t started a year yet at 1.5 million housing starts, but we will soon. However, we did have a bump on the road getting here. million a year.

Inventory 520

Inventory Buyers Mortgage Housing Market 520

Housing Wire

NOVEMBER 10, 2020

Several state-level real estate initiatives and urban development policies were voted on in the Nov. A 2008 ruling made the Save Our Homes benefit cap portable, allowing people to transfer their homestead exemption – up to $50,000 – from one property to another. In comparison, homeowners paid 21% in taxes in the ‘80’s.

Real Estate 436

Real Estate Property Taxes Development Renovations 436

Housing Wire

MAY 18, 2024

Compare this level to 2008-2012 when this data line ran between 250,000 and 400,000 per week: clearly we aren’t seeing any considerable national-scale stress in this data line. If we can get the seasonal peak data to run between 95,000 and 110,000, I will consider that a home run year for new listings data growth.

New Listings 462

New Listings Inventory Mortgage Contracts 462

Housing Wire

MAY 3, 2021

The Federal Housing Finance Agency (FHFA) finalized a rule on Monday that will require Fannie Mae and Freddie Mac to develop plans that would ensure upon their eventual exit from conservatorship, they won’t do any large scale harm to the financial system.

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Government Finance Development Design 388

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. Federal reforms following the 2008 financial crisis sought to put a firewall between lenders and appraisers.

Appraisal 414

Appraisal Law Valuation Home Value 414

Housing Wire

MARCH 2, 2023

We are doing a lot of research and development in it and artificial intelligence,” Slyusarchuk said. “We The lender began servicing some investor loans in 2008, adding non-QM loans in 2015 and expanding to Fannie Mae loan servicing in 2017. It added Freddie Mac loans in 2019 and jumbo loans for JPMorgan Chase the following year.

Mortgage 394

Mortgage Investors Development Investing 394

Housing Wire

NOVEMBER 10, 2022

We want to grow,” Casey Crawford , a former pro football player who founded distributed retail nonbank Movement in 2008, said in a statement to HousingWire. Troutman Pepper was Movement’s legal advisor in the M&A transaction. “We Kevin McGovern was named the director of coaching, responsible for creating a coaching platform.

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Retail Mortgage Loan Officers Legal 370

Housing Wire

APRIL 13, 2022

According to a recent MBA report, per-loan production expenses reached $8,664 in 2021, compared to $ 7,578 in 2020, the highest level since the inception of their report in 2008. According to Wind, despite recent developments in mortgage technology, there is still quite a bit of work to be done. The Minnesota-based U.S.

Mortgage 390

Mortgage Technology Development Finance 390

Housing Wire

AUGUST 8, 2022

Tornquist served the company for 35 years and became CEO in 2008. Chief Operating Officer Rob Lux was named co-CEO for operations, technology, business development, client management, human resources, and legal. Dave Applegate, a board member since 2020, has been named the company’s chairman.

Human Resources 346

Human Resources Legal Finance Insurance 346

Housing Wire

NOVEMBER 2, 2020

We’re seeing statistics from our developers across the country that their portfolios are holding up well,” he said. There’s a growing sense that affordable housing is a stable investment class for banks and insurance companies; even in the 2008 – 2009 recession, it held up well.”.

Investors 421

Investors Transportation Property Taxes Investing 421

Cleveland Appraisal Blog

OCTOBER 14, 2021

Others have expressed concerns that we are headed for a housing crash, like in 2008. Let’s talk about the difference between today’s market and the one during the years leading up to the bursting of the housing bubble in the Great Recession of 2008. THE RISE IN HOME PRICES IN THE YEARS LEADING TO 2008.

Inventory 243

Inventory Market Value Appraisal Contracts 243

Housing Wire

OCTOBER 15, 2020

“We still have vacancy and blight issues but they are not crippling as they were a decade ago,” said Ian Beniston, executive director at the Youngstown Neighborhood Development Corporation (YNDC), a nonprofit community development corporation in Youngstown, Ohio. In 2008, 2009, it was triage. Rising demand for vacant distress.

Buyers 336

Buyers Development Renovations Retail 336

Housing Wire

DECEMBER 1, 2020

LBA Ware founder and CEO Lori Brewer is an accomplished entrepreneur and technology leader, having dedicated her career to developing innovative business process optimization tools for mortgage lenders.

Technology 209

Technology Tools Development Business 209

Housing Wire

FEBRUARY 8, 2022

This development did not occur overnight: Over the past 20 years, we have “underbuilt” housing by at least 5.5 since 2008. On top of these efforts, there must be a national commitment to reform our land use and zoning practices that too often act as barriers to the development of affordable housing. million homes. In 2020, just?

Construction 370

Construction Investing Development Landlords 370

Appraisal Buzz

NOVEMBER 29, 2021

As a real estate developer, prior to entering the field, I always costed out my projects for profitability. I use several easy-to-follow steps in my 10-15 minute cost approach development task and are detailed below in the five Cost Approach steps to follow. Using this method well reconciles my development and appraisal side.

Valuation 370

Valuation Supply Chain Bracketing Appraisal 370

Housing Wire

FEBRUARY 1, 2021

Department of Housing and Urban Development. Until now, Pollard had been the only general counsel to serve the agency since it was formed in 2008, and served as general counsel to its predecessor, the Office of Federal Housing Enterprise Oversight. Jones was also a vice president at Fannie Mae and an attorney advisor for the U.S.

Legal 452

Legal Law Brokerage Finance 452

Housing Wire

JUNE 30, 2023

. “Through this settlement, Movement Mortgage is accepting responsibility for its past actions by fully repaying the FHA insurance fund for its losses on defaulted loans that should not have been issued,” Damon Smith, General Counsel for the Department of Housing and Urban Development (HUD), said in a statement. Attorney’s office.

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Government Insurance Mortgage Legal 380

Appraiserblogs

AUGUST 16, 2023

This is a troubling development for honest appraisers who may be feeling more pressured than ever before by those looking for higher numbers than what an accurate appraisal would yield. Nowadays, it appears that government efforts, aimed at curbing discrimination, are actually leading to increased pressure on appraisers to inflate values.

Appraisal 102

Appraisal Government Real Estate Development 102

Housing Wire

MARCH 27, 2023

Shortcuts to well-established processes do not end well — as the 2008 financial crisis demonstrated. Fannie Mae and Freddie Mac, which have been in conservatorship since 2008, have long required title insurance policies on loans they purchase from lenders.

Insurance 291

Insurance Government Home Value Real Estate 291

Housing Wire

JULY 25, 2023

Faes’ career in mortgage lending goes back to 2008 when he co-founded non-bank mortgage lender LendInvest , which was listed on the London Stock Exchange in 2021. If a property developer sees an opportunity where they want to sort of purchase a property this week, for example, we can provide them the cash to do that. billion (£3.7

Finance 348

Finance Marketing Lending Inventory 348

Housing Wire

SEPTEMBER 29, 2023

The firm was founded in 2008 and currently operates in France, Portugal, Italy, Spain, Germany and Mexico. in one state in order to start the business somewhere and then grow it, state after state, rather than just going to all states at once,” Tristan Royer-Borromee, the head of strategy and corporate development at iad, said.

Brokerage 401

Brokerage Agents Real Estate Realty 401

Housing Wire

APRIL 2, 2021

Despite increased rate of tech adoption, the mortgage industry still has room for continued development and processes. March signified the highest number of residential construction workers since 2008. Savvy lenders are already preparing for the next valley – Here’s how. Residential construction jobs, on the other hand, increased 3.9%

Inventory 501

Inventory Construction Housing Market Business 501

Housing Wire

NOVEMBER 23, 2021

Interfirst was founded in 2001 as a retail originator and then expanded to the wholesale channel and the correspondent channel in 2008 and 2011, respectively. In 2017, after years of plummeting volumes, the company, led by CEO Dmitry Godin, decided to shutter its business, only to relaunch in 2020.

Mortgage 374

Mortgage Loan Officers Retail Technology 374

Housing Wire

SEPTEMBER 14, 2020

The site’s developer, Larry Hall, purchased the silo in 2008, then remodeled it into the survival bunker it is now. The exact location wasn’t shared with HousingWire, or even posted on the listing site, but Flaspohler said keeping the location information low key is what comes with the territory.

Real Estate 437

Real Estate Agents Construction Finance 437

Housing Wire

JULY 29, 2021

In their study, these researchers examined the 2008 financial crisis and its impact on nonbank liquidity. I applied a multivariate statistical analysis consistent with the one I used to develop the industry’s first FHA automated underwriting scorecard (known now as TOTAL), and the industry’s first VA scorecard during my tenure at Freddie Mac.

Sellers 417

Sellers Mortgage Business Lending 417

Housing Wire

MARCH 15, 2023

It was the biggest bank failure since Washington Mutual collapsed in 2008. That was a favorable development,” Deitch said. Silicon Valley Bank collapsed last week after it lacked the liquidity to pay for clients’ withdrawals. The SVB failure was followed by Signature Bank, which closed its doors on Sunday.

Mortgage 365

Mortgage Clients Retail Marketing 365

Housing Wire

JUNE 5, 2023

Up until the financial crisis in 2008, mortgage brokers held nearly 50% market share. We have a team that focuses solely on wholesale development to help originators transition into the wholesale channel. Now, they are sitting at 22% and climbing, because they offer the most loan options to borrowers.

Mortgage 361

Mortgage Retail Lending Loan Officers 361

Housing Wire

NOVEMBER 5, 2021

He has also served as as chief operating officer of Better Homes and Gardens Real Estate, as well as senior vice president of Membership Development for Better Homes and Gardens Real Estate. Navigating the business climate during the early pandemic and the 2008 financial meltdown were incredibly stressful times filled with uncertainty.

Real Estate 365

Real Estate Brokerage Construction Business 365

Housing Wire

MARCH 18, 2022

Mangus began teaching CE classes designed for real estate agents around 2011, as the mortgage industry was still finding ways to fully recover from the 2008 financial crisis. I subsequently have developed two more CE classes that only deal with HECM loans. Curtis Mangus. In the last six years, my HECM production has steadily grown.”.

Real Estate 476

Real Estate Real Estate Agent Mortgage Agents 476

Housing Wire

OCTOBER 1, 2020

Kang attributed the actions, at best, as a “dispute over alleged technical violations and process errors related to the underwriting of HECM’s” between 2008 and 2010. Attorney’s Office for the District of Columbia, the Department of Housing and Urban Development and HUD’s Office of Inspector General. “We

Legal 318

Legal Insurance Law Mortgage 318

Housing Wire

APRIL 4, 2023

In the latest development, the U.S. The average loan production expense was $7,068 per loan from the third quarter of 2008 to the last quarter of 2022. The Community of Home Lenders Association (CHLA) claimed that Empower and ICE’s Encompass jointly control upward of 60% of the loan origination software system.

Technology 366

Technology Valuation Investing Mortgage 366