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. I kid you not!

Inventory 243

Inventory Market Value Appraisal Contracts 243

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. ” Just a little less vanilla. .” Homepoint has decided to pause on entering the non-QM fray.

Mortgage 395

Mortgage Loan Officers Finance Investors 395

Housing Wire

FEBRUARY 28, 2022

The company has shown steady growth since it was founded in 2008 and demonstrated profitability across varying market conditions, rising to become the nation’s top correspondent investor and the No. The company meticulously logged client feedback regarding challenges in the loan process and worked to eliminate pain points as well.

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Technology Clients Business Investing 395

Housing Wire

NOVEMBER 1, 2023

Educate borrowers early and often Exotic lending products went mainstream in the early 2000s, leading, in part, to the 2008 financial crisis and the subsequent regulatory overhaul. In the run-up to 2008, many lenders emphasized low introductory mortgage rates and weren’t required to disclose the final terms until closing day.

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Lending Loan Officers Development Mortgage 406

Housing Wire

FEBRUARY 10, 2022

If you’re a mortgage loan officer with a decade of experience in the industry, you have likely spent over 80 hours taking continuing education courses. We would welcome the opportunity to approve courses with a creative take on how they design and develop content.”. LOs often lose focus during CE classes, he told HousingWire.

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Loan Officers Law Training Lending 383

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.

Real Estate Agent 411

Real Estate Agent Real Estate Project Management Agents 411

Housing Wire

JANUARY 17, 2024

Dave Stevens grew up in the mortgage business before serving the industry and its customers both as FHA Commissioner during and immediately after the 2008 financial crisis and then as President & CEO of MBA, where he was instrumental in rebuilding our organization and leading the industry out of the Great Recession.”

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Finance Loan Officers Real Estate Development 469

Housing Wire

SEPTEMBER 28, 2023

So, we’re not little, but we’re not big, like some of these companies with 500 developers. We have a development team and so we have software developers, system analysts, business analysts, quality assurance testers, and people that manage deployments. We have smaller teams, but they’re very effective.

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Technology Loan Officers Lending Business 454

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 395

AmeriMac

SEPTEMBER 1, 2021

A Brief History of the Development and Use of Appraisal Management Companies. AMCs as a concept were developed in the 1970s. However, they were not widely used until after the mortgage crisis in 2007 and 2008. Federal lawmakers believe that inflated valuations contributed to the housing crisis in 2008.

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Appraisal Valuation Law Lending 36

Appraisal Today

MAY 10, 2024

These policies were the result of a collaborative effort between the GSEs, the Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA). The mortgage loan officer handling the loan? Was it the borrower? A Zillow Zestimate? Maybe the underwriter at the lender?

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Reconsideration of Value Appraisal Real Estate Insurance 71

AmeriMac

MARCH 15, 2024

The concept of AMCs was developed in the 1970s but didn’t gain widespread use until after the financial crisis in 2007-2008. The crisis exposed significant flaws in the appraisal process, leading to the development of regulatory measures to ensure more accurate and unbiased appraisals.

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Appraisal Appraisal Process Valuation Real Estate 36

Assurance Financial

JUNE 15, 2023

Freddie Mac also plays a role in setting underwriting standards for the loans it purchases, working with lenders to help ensure that the loans they originate meet those standards. In the years leading up to the financial crisis of 2008 , Fannie Mae and Freddie Mac held a dominant position in the U.S. housing finance system.

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Government Housing Market Mortgage Investors 36

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. Even if mortgage rates are hovering in the 6% range, homes are still going to sell, loan officers said. The last two years have been good to Christian Dicker.

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Housing Market Marketing Brokerage Real Estate 437

Appraisal Today

MAY 12, 2023

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? This is to follow up on a meeting Appraisal Institute representatives held in Washington, D.C.

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Appraisal Architecture Business Contracts 52

Housing Wire

NOVEMBER 5, 2020

When the talk was to get rid of mortgage brokers after the financial crisis, we testified on Capitol Hill, and when COVID first hit, we were first out of the gate because we didn’t want to see a repeat of what happened in 2008-2009. HW: You talked about playing the long game — developing strategy that looks beyond just growth.

Mortgage 454

Mortgage Loan Officers Tools Training 454