Housing Wire

MARCH 30, 2023

With the banking crisis spurring more talk of a recession, the question now is: What would housing credit look like in a recession? housing market would crash during the pandemic. One of the main reasons for that fear was that housing credit was about to get tight, meaning fewer people could buy homes with mortgages.

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Housing Wire

DECEMBER 29, 2022

As we close out 2022, it’s time to reflect on a historic year for the housing market, which was even crazier than the COVID-19 year of 2020. A few months ago, I was asked to go on CNBC and talk about why I call this a housing recession and why this year reminds me a lot of 2018, but much worse on the four items above.

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Housing Wire

MARCH 31, 2022

That’s not to say that the data points the Fed used are incorrect — in fact, we are in a savagely unhealthy housing market , but it’s not a bubble. First, because there is no speculative debt demand going on today, there can’t be a housing bubble. housing market behavior for the first time since the boom of the early 2000s.

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Housing Wire

NOVEMBER 9, 2021

Post-2010, lending standards in America became normal again, and while I still believe they’re very liberal, they’re sane. This was very critical to not only the housing market but also the health of the U.S. The most important factor is that debt structures are vanilla.

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Housing Wire

SEPTEMBER 26, 2023

. “This is about the same rate of price growth that occurred during the 2002 through 2006 period when subprime lending drove exuberant housing demand. “But that is where the similarities end.

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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. We have a much better housing ecosystem now for sure.

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Housing Wire

MAY 4, 2022

This article is part of our housing market economic update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. Homes that reach the market sell quickly, bidding wars are the new normal and the investor share of sales continues to rise.

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Housing Wire

NOVEMBER 29, 2022

This was “likely attributable to massive government stimulus and other support programs designed to stabilize the housing market during the COVID-19 pandemic,” according to the report. Bias in lending is a challenge that the mortgage industry has been struggling with, as seen from a handful of suits. in 2021 from 77.7%

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Housing Wire

AUGUST 31, 2020

HousingWire spoke to Doug Perry, Citadel’s new managing director of Wholesale and Retail Sales, about his plans for Citadel and the current state of non-QM lending. HW: What does the demand for non-QM lending look like now following the sector’s pause earlier this year? Underlying demand for non-QM lending products remains strong.

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Housing Wire

MAY 26, 2022

As 2022 proves to be a challenging year for the housing market, lenders are looking to take advantage of potential downtime by improving their internal processes. Applications for ARMs rose this year for the first time since interest in ARMs waned due to the role they played in the housing crash of 2008.

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Housing Wire

AUGUST 30, 2022

While the growth rate is cooling monthly, we are still in a savagely unhhealthy housing market trying to get national inventory levels back to pre-COVID-19 levels. I have documented the history of these housing price crash addicts for a decade now. Case in point, purchase application data is already below 2008 levels today.

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Housing Wire

OCTOBER 31, 2022

Both these laws paved the way for more responsible lending and a more responsible consumer. Then we saw an uptick in people filing for foreclosures and bankruptcy during an economic expansion from 2005 to 2008. All my six recession red flags were raised toward the end of 2006, and the recession didn’t start until later in 2008.

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Housing Wire

NOVEMBER 14, 2022

The 2022 housing market has been underscored by interest rate spikes and refi decline and lenders are working hard to adjust to new borrower trends. However, purchase lending has faced continued downward pressure due to affordability constraints. Prioritizing home equity solutions in a rising rate environment.

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Housing Wire

JULY 25, 2023

America’s fix-and-flip short-term property market is estimated to be worth as much as $68 billion a year, according to F2 Finance. The opportunity is interesting in the sense that there’s a housing shortage. We are able to essentially lend against the asset and move very quickly,” Faes said. LendInvest has more than $4.7

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Housing Wire

MARCH 14, 2023

Silicon Valley Bank collapsed last week, the biggest bank failure since Washington Mutual in 2008. It will be hard to be completely confident in the near term that Sunday’s intervention will halt the pressure on smaller banks, who play a large macroeconomic role and could become considerably more conservative in their lending.”

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Housing Wire

OCTOBER 22, 2020

Still, this seems like a booming housing market, right? I have often claimed that 2008-2019 would have the weakest housing recovery ever in history. I also said that the new home sales recovery would be fairly anemic, housing starts would never start a year at 1.5 year to date compared to 2019 levels. And it did.

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Housing Wire

APRIL 8, 2022

One of the reasons that I moved into the “team higher mortgage rate” camp is that what I saw in January, February, and March of this year was so unhealthy that I labeled the housing market savagely unhealthy. The years 2020-2024 were always going to be different from 2008-2019. Monthly supply data being at 1.7

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Listing Spark

JUNE 21, 2022

Unless you’ve been living underneath a rock, you have likely heard talks of a housing market bubble that could burst at any moment. The real estate industry has been experiencing some shifting trends lately, and when compared to the last crash, there are plenty of factors that make this time different from 2008. Be Patient.

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Eppraisal

APRIL 21, 2023

Not only do we fear losing deposits, we also worry about the effect of failure on lending, credit and their costs. They are businesses that lend money, borrow money and invest money that they hold on behalf of their customers. How Do Bank Failures Affect the Real Estate Market? What Happens when a Bank Fails?

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Housing Wire

OCTOBER 12, 2020

Despite what they promised, we sit here today with the United States housing market outperforming all other economic sectors in the world during the pandemic. In order for the housing market to crash due to too many loans going into default when forbearance programs end, the number of loans in these programs needs to grow.

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Housing Wire

NOVEMBER 10, 2022

As the housing market adjusts to rapidly tightening monetary policy, mortgage rates again surpassed 7%,” Sam Khater, Freddie Mac’s chief economist, said in a statement. The housing market is the most interest-rate sensitive segment of the economy, and the impact rates have on homebuyers continues to evolve.

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Housing Wire

DECEMBER 3, 2021

This week’s HW+ member spotlight features Reina Ramos, senior vice president, mortgage market leader at City National Bank of Florida. She joined CNBF after more than a decade with Seacoast Bank , where she served as senior vice president, residential lending production manager. HousingWire : What keeps you up at night and why?

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Housing Wire

APRIL 13, 2021

Marina Walsh, MBA’s vice president of industry analysis, noted that the pandemic-spurred surge in housing and mortgage demand, record-low mortgage rates and widening credit spreads translated into soaring net production profits that reached their highest levels since the inception of the MBA’s annual report in 2008.

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Housing Wire

MARCH 15, 2023

It was the biggest bank failure since Washington Mutual collapsed in 2008. “The Treasury did make the correct decision to stabilize the market by ensuring that depositors had access to their funds. . However, according to Guzzo, the banks’ crisis could change the market by potentially lowering interest rates.

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Housing Wire

JANUARY 1, 2024

The 2023 housing market faced one of the same roadblocks we saw in 2022: mortgage rates were too high for home sales growth. Now that we’re in 2024, the Federal Reserve ‘s rate hike cycle is over, so let’s look at what that means for housing demand and home prices. Let’s look at that dynamic.

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Housing Wire

APRIL 1, 2022

As you can see below from the unemployment rate chart, the job recovery was much faster than after the great recession of 2008. . The internal jobs data always pointed to a strong recovery, and job openings have been trending higher since 2008. Just whistle, folks — that is a hot labor market. 4, 5 and 6.

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Listing Spark

OCTOBER 13, 2022

Is that the case for all major Texas housing markets? What should they expect in this housing market? We’ll dive into the state of the Texas real estate market with Real Estate Real Fast host Aaron Jistel. 00:02:50] Peaking into the Fall 2022 Austin housing market. Episode highlights. Key takeaways.

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Housing Wire

OCTOBER 26, 2020

In times like these, the “one-stop-shop” approach to the servicing and lending process has become even more appealing, and there is a company providing that in a flexible capacity: Xome. As low mortgage rates continue to fuel the housing market, lenders are reporting record-breaking purchase and refinance volumes.

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Housing Wire

MARCH 15, 2023

Signature’s closure followed Silicon Valley Bank ’s collapse on Friday, the biggest bank failure since Washington Mutual in 2008. It is now controlled by the Federal Deposit Insurance Corporation (FDIC). To avoid systemic risks, regulators approved depositors’ access to all their money and additional funding for banks on Sunday.

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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%. . Not a one-size fits all”.

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Housing Wire

OCTOBER 7, 2022

based in New York, and its RMBS conduit, CSMC Trust, has brought eight private-label securitization deals to market in the U.S. He points to data on the United Kingdom’s housing market — where millions of mortgages are set to expire over the next couple years and will need to be reset in a rising-rate environment.

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Appraisal Buzz

MAY 17, 2021

No matter how much pressure is placed upon appraisers, our job is to analyze the market and use the most appropriate comparable sales, not the ones that “make” the deal. Each of these points is reminiscent of the previous market run-up in terms of what the appraiser’s face. Appraisers’ jobs are not to facilitate mortgage lending.

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Housing Wire

JUNE 1, 2023

Of course, every borrower’s financial situation is a little different and the new LLPA changes will add borrowers for whom conventional lending is marginally more attractive than getting a FHA loan, said Janneke Ratcliffe, vice president of Housing Finance Policy Center at Urban Institute.

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Housing Wire

DECEMBER 16, 2021

More specifically, that means targeting an unemployment rate close to 4%, inflation close to 2%, and using regulatory tools to prevent unsound lending or other financial imbalances. When this article was published, the unemployment rate is at 4.2%, inflation is above 6%, and both stock market and housing market values are elevated.

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Empire Appraisal Group

MARCH 16, 2022

WASHINGTON – An automatic appraisal sounds fair, as if taking the human element out of lending decisions can erase bias by lenders who may not even know they’re making biased decisions. In some cases, systematically low valuations can exacerbate and extend already existing disparities in the housing market, CFPB says.

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Housing Wire

AUGUST 25, 2022

. “But I don’t think it can be meaningful for the big companies just because these other markets are smaller than the traditional mortgage market.” The obvious starting place for nonbank lenders looking to capture volume is in jumbo lending, executives and analysts said. ” Just a little less vanilla.

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Housing Wire

NOVEMBER 10, 2020

But when the credit markets seize up and liquidity stops, all of the sudden we went to maybe a low of 85 or 88 cents on the dollar. So when that happens, you don’t originate, you don’t lend at par for something at 88. So you stop.”. Everyone bowed out. And it doesn’t. It’s the total opposite from that.

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