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Home prices are dropping like it’s 2009

Housing Wire

Home prices are now posting the biggest monthly declines since January 2009, according to the latest Mortgage Monitor report from Black Knight. The post Home prices are dropping like it’s 2009 appeared first on HousingWire. Las Vegas, Austin, Minneapolis, Washington, D.C.,

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Loan mod scheme from 2009 finally gets settled at $4.6M

Housing Wire

According to the DOJ, from 2009 through 2015, Lindeman and his wife targeted Hispanic homeowners through Spanish-language advertising that promised to cut mortgage payments in half. The post Loan mod scheme from 2009 finally gets settled at $4.6M The DOJ said some of the homeowners targeted had limited English proficiency.

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ROI on Home Flips Falls to Lowest Level Since 2009

Appraisal Buzz

The post ROI on Home Flips Falls to Lowest Level Since 2009 appeared first on DSNews. The post ROI on Home Flips Falls to Lowest Level Since 2009 appeared first on Appraisal Buzz. Despite home-flipping rates reaching new highs, representing 9.6% of total home sales in Q1, ATTOM reports that profit margins on flips hit a 13-year low.

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Property Tax Revenues See Largest Increase Since 2009

Eyes on Housing

NAHB analysis of the Census Bureau’s quarterly state and local tax data shows that $286 billion in taxes were paid by property owners in the fourth quarter of 2022 (not seasonally adjusted).[1] 1] State and local governments collected $714 billion in property taxes in 2022, $46 billion more than 2021.

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Demand for apartments turns negative for first time since 2009

Inman

A slowdown in new leases paired with higher inventory is expected to hike vacancies and put pressure on rents. The balance of power in the rental market is rapidly shifting to renters.".

Inventory 155
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Mortgage delinquencies edged higher in November: ICE

Housing Wire

Moreover, early-stage delinquencies among VA loans hit their highest non-pandemic levels since 2009. In November, 70,000 additional borrowers were 30 days or more late on their mortgage payments, amounting to 1,804,000 loans. Foreclosure starts decreased by 12.2%

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Mortgage Educators and Compliance acquired by 360training

Housing Wire

Approved by the Nationwide Multistate Licensing System (NMLS) since 2009, MEC specializes in online mortgage and financial services professional development. MEC prides itself as a “one-stop online resource for all things mortgage training and education.”

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