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. From the Department of Labor : Initial claims for unemployment insurance benefits increased by 13,000 in the week ended April 29, to 242,000.

Inventory 483

Inventory Housing Market Marketing New Listings 483

Housing Wire

MARCH 27, 2023

The North Carolina-based First Citizens announced on Monday an agreement with the Federal Deposit Insurance Corporation (FDIC) to acquire all of SVB’s deposits and loans that were moved to an FDIC-created bridge bank after the collapse. “We since the 2008 financial crisis. The company’s average mortgage loan was about $1.45

Insurance 78

Insurance Loan Officers Mortgage Clients 78

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. .”

Mortgage 393

Mortgage Loan Officers Finance Investors 393

Housing Wire

APRIL 19, 2022

The raison d’etre is the same whether you work as a mortgage loan officer at a depository bank or an independent mortgage bank – originate a purchase mortgage or refinancing for a client. Loan officers working for depository banks are not bound by the same requirements. Regulations to oversee them all.

Training 382

Training Loan Officers Lending Mortgage 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

Business 424

Business Mortgage Loan Officers Inventory 424

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 407

Real Estate Agent Real Estate Project Management Agents 407

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?

Reconsideration of Value 69

Reconsideration of Value Appraisal Real Estate Insurance 69

Housing Wire

SEPTEMBER 28, 2023

Now, if you’re in the wholesale business, you need to know what every broker is, what all their people are doing, what kind of loans each of them are doing, and what’s your wallet share with every lender. But now it’s like, we could have saved 59 loans if we would have followed this process: it means something.

Technology 450

Technology Loan Officers Lending Business 450

Housing Wire

OCTOBER 29, 2021

Mark Jones: The 2008 financial crisis. As such, we were one of the few lenders in the country that refused to offer subprime loans. At the time, that decision cost us loan officers left and right as they departed for firms that would let them originate anything they wanted.

Loan Officers 370

Loan Officers Insurance Business Finance 370

Town & Country Residential Appraisals

JANUARY 24, 2020

That’s a step towards mortgage insurance fraud and a lost license. 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.” They ask you at the inspection “So, how much do you need this to come in at?”

Appraisal 36

Appraisal Market Value Contracts Clients 36

Housing Wire

AUGUST 20, 2021

5000 since HousingWire’s earliest days (check out the HW’s 2008 Inc. Aaron Strawn, senior loan officer at Ruoff Mortgage (294% growth) pointed to his company’s leadership. “We Business Products & Services, Security, Financial Services, Insurance, IT Management, IT Services, IT Systems Dev, Software and Real Estate.

Real Estate 442

Real Estate Realty Brokerage Mortgage 442

Housing Wire

AUGUST 8, 2023

(The FHFA’s conforming loan limit was a baseline of $647,200 in 2022, and $726,200 in 2023.) In the secondary market, these jumbo loans are sold to other investors, such as real estate investment trusts, hedge funds and insurance companies. Targeting jumbos made sense for Busch as he is based in Washington, D.C.,

Insurance 370

Insurance Mortgage Clients Lending 370

Assurance Financial

JUNE 15, 2023

In the years leading up to the financial crisis of 2008 , Fannie Mae and Freddie Mac held a dominant position in the U.S. These are loans that meet Fannie Mae’s underwriting and eligibility standards and conform to loan limits set by the FHFA. and has specific loan products tailored to the needs of multifamily borrowers.

Government 36

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. Less business for lenders and real estate brokerages, in return, is hurting title companies, tech vendors, appraisers and mortgage insurance firms.

Housing Market 433

Housing Market Marketing Brokerage Real Estate 433

Appraisal Today

OCTOBER 21, 2022

Check with your E&O insurance company to see if they offer tail coverage and what the requirements are. Some E&O Insurance companies offer free tail coverage with certain criteria, For example: Must be appraising for at least 20 years. Must be insured by the company for the past 5 consecutive years. Must be retiring.

Appraisal 52

Appraisal Marketing Contracts Insurance 52

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? The insurance policies were based on reproduction cost, not replacement.

Appraisal 52

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. We’re also working on finding solutions for the qualified mortgage and on issues surrounding flood insurance.

Mortgage 450

Mortgage Loan Officers Tools Training 450