Housing Wire

AUGUST 24, 2023

Investors are concerned that the central bank will continue raising the funds rate, pushing borrowing costs even higher. We could see monthly sales fall to 2010 or 2011 levels when the market was recovering from the free fall after the housing bubble.” What to expect with the Fed ?

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Mortgage Property Taxes Investors Buyers 362

Housing Wire

JANUARY 20, 2023

Just seven years later, Bilbrey and other investors purchased the firm, which was eventually sold to First American in 2003. A decade later, Billbrey was named company president. Bilbrey joined Old Republic in 2007, was appointed executive vice president in 2008 and named president of Old Republic National Title Holding Co.

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Insurance Investors Marketing 301

Housing Wire

FEBRUARY 18, 2022

When you add move-up, move-down, cash and investor buyers into the mix, you will have steady replacement buyer demand from 2020-to 2024. Compare that to the 2010 demographic chart below, when that blue bump was still too young to kick in. history — ages 28-34 — are coming into the peak homebuyer median age of 33.

Inventory 456

Inventory Housing Market Buyers Investors 456

Housing Wire

FEBRUARY 5, 2021

Kicking off this week’s string of senior leadership hires, InterLinc Mortgage Services promoted to CEO Gene Thompson, who has served as president since 2010. Invictus Capital Partners , an alternative investment management firm, appointed Doug Kinney as senior managing director, head of investor relations.

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Mortgage Lending Investors Realty 234

Housing Wire

APRIL 28, 2022

In response, the company told investors that the amount of operating income it predicts to make in 2022 has been pared down from $800-$850 million to $750-$800 million, “predominantly due to the rising mortgage rate environment and its impact on financial results at the company’s mortgage origination joint venture.”.

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Mortgage Brokerage Agents Real Estate Agent 328

Housing Wire

JANUARY 11, 2024

He went on to serve as the organization’s president in 2010, in addition to serving as the president of his local Realtor organization, Realtor Association of Pioneer Valley (RAPV) in 2005. “We He has been an RPAC major investor since 2004 and has twice been inducted into NAR’s RPAC Hall of Fame. Deval Patrick and again in 2019 by Gov.

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Realtors Real Estate Legal Law 350

Housing Wire

AUGUST 21, 2023

533 ReBuilt 1,096% 2015 Vertically integrated marketplace helping homeowners sell their unwanted property and real estate investors find great off-market deals. 1,588 Leverage Companies 358% 2019 Real estate investment firm that uses a proprietary, data-driven platform to source premium opportunities for investors.

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Real Estate Real Estate Agent Technology Investors 345

Housing Wire

MAY 15, 2023

The data, published on Monday, shows that older vintage mortgages (loans originated before 2010) accounted for under 9% of the total refinanced during the Covid-19 refi boom. When broken down by investor type, 38% of U.S. This contrasts with nearly a third of mortgages refinanced from 2015 and later vintages.

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Mortgage Investors Marketing 312

Housing Wire

NOVEMBER 22, 2021

Then when you add move-up, move-down, cash, and investor buyers together, we should be able to always have total home sales — both new and existing — at 6.2 There has been a lot of hype that this entire housing market is driven by investors. million or higher. This is something that couldn’t happen in the years 2008-2019.

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Inventory Housing Market Buyers Investors 498

Housing Wire

AUGUST 22, 2023

As we can see in the chart below, since 2010, whenever rates rise, demand falls. “Two factors are driving current sales activity – inventory availability and mortgage rates,” said NAR Chief Economist Lawrence Yun. Unfortunately, both have been unfavorable to buyers.” When rates fall, demand picks up again.

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Sellers Marketing Inventory Housing Market 349

Housing Wire

DECEMBER 1, 2020

Co-founded in 2017 by Bryan Young and Steven Better, the company cobbled together seed money from grants, capital investors and an additional donation from Young’s previous businesses in an effort to “decentralize the application process.”. in 2010 and 2011. LOs are only human — Tech is necessary to keep up with max loan volumes.

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Mortgage Lending Technology Investors 274

Housing Wire

DECEMBER 21, 2022

Since the credit standards have improved post-2010, we shouldn’t see distressed sellers until a job loss recession happens, even if sales fall noticeably. First was the tail end of the housing bubble bursting in 2008, and second was in 2010 in the aftermath of the homebuyer tax credit when sales were pulled forward and then collapsed.

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Inventory New Listings Housing Market Sellers 502

Mashvisor

JANUARY 8, 2022

Georgia has been the second-fastest-growing US state, next to Utah, since 2010. This makes it a very viable location for real estate investors. Its thriving economy and growing population are…

Investors 69

Investors Marketing Real Estate Tools 69

Housing Wire

FEBRUARY 7, 2022

San Francisco-based fintech company Unison recently completed a $443 million private-label offering backed by an emerging class of home-equity assets in which investors and the homeowners share in both the upside and downside of a property’s value over time. The total asset value of Unison’s REA assets now stands at $1.3

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Investing Marketing Contracts Investors 265

Housing Wire

JULY 17, 2023

” When home prices started to fall in 2006 and investors abandoned the mortgage-backed securities (MBS) market in 2007, Countywide began running out of money. Mozilo settled with the SEC in October 2010 for $67.5 million in fines and accepted a lifetime ban from serving as an officer or director of any public company.

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Lending Mortgage Business Government 345

Housing Wire

APRIL 20, 2023

NAR: First-time buyers were responsible for 28% of sales in March; Individual investors purchased 17% of homes; All-cash sales accounted for 27% of transactions; Distressed sales represented 1% of sales; Properties typically remained on the market for 29 days. . are different post-2010. I am hoping that it doesn’t go lower than this.

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Inventory Housing Market Marketing New Listings 516

Housing Wire

JUNE 21, 2022

Since March of this year, housing demand has been falling more and more, but inventory is still below the 2010, 2013, 2016, and 2019 levels, which is a nightmare. A real estate investor, on the other hand, doesn’t have that type of shelter relationship with a home, that a homeowner does. The only way this happens is higher rates.

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Housing Market Marketing Inventory Mortgage 539

Housing Wire

OCTOBER 20, 2022

On the other hand, investment-return decline during this year’s summertime home-selling season marked the largest quarterly downturn since 2011, with the third-quarter reversal also marking the first since 2010 that seller returns went down from the second to third quarter. Cash sales and institutional investors.

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Sellers Investing Housing Market Real Estate 360

Housing Wire

MAY 18, 2023

From NAR : First-time buyers were responsible for 29% of sales in April; Individual investors purchased 17% of homes; All-cash sales accounted for 28% of transactions; Distressed sales represented 1% of sales; Properties typically remained on the market for 22 days. housing market inventory channels have changed due to how the U.S.

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Housing Market Marketing Inventory Mortgage 523

Housing Wire

OCTOBER 9, 2023

In February 2023, law firm McGuireWoods released a white paper claiming that the joint venture business model between title insurance firms and real estate brokerages “drives up costs, stifles competition” and violates the 1974 Real Estate Settlement Procedures Act (RESPA) and the 2010 Consumer Financial Protection Act (CFPA).

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Real Estate Insurance Brokerage Real Estate Agent 423

Housing Wire

AUGUST 30, 2022

I am not talking about investors; I am talking about primary resident homeowners. The 2005 bankruptcy reform laws and the 2010 Qualified Mortgage laws, once passed, created an expansion that has produced the highest quality homeowners in our lifetime. New listings are declining now. Some sell to rent, of course.

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Inventory New Listings Law Housing Market 380

Housing Wire

MAY 2, 2022

At over 5%, mortgage rates are now the highest they have been since 2010. Additionally, after a decline at the end of 2021, we continue to see elevated levels of investor activity in 2022. In March, investors made up 28% of single-family home purchases. annual increase in February.

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Housing Market Marketing Buyers Inventory 380

Housing Wire

FEBRUARY 1, 2023

Investors are betting that the economic slowdown and the Fed’s eventual victory over inflation will result in lower rates over time,” Fratantoni said. That marks the slowest pace since 2010. The MBA forecasts a modest drop in mortgage rates through 2023, ending closer to 5%.

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Buyers Mortgage Landlords Law 350

Housing Wire

JANUARY 10, 2022

Even with this increase, fixed-rate loans will still be cheaper than they were before the pandemic: In the 2010-2019 decade the interest rate averaged 4.1% for 30-year fixed-rate loans.

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Housing Market Marketing Construction Inventory 545

Housing Wire

FEBRUARY 9, 2022

Another interesting fact about 2021 was that certain people put a lot of weight on housing being held up by investors or iBuyers, reflecting that buying conditions had deteriorated so much in the survey in 2021. history: move-up buyers, move-down buyers with a lot of cash, investors and all-cash buyers.

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Inventory Buyers Sellers Investors 370

Housing Wire

FEBRUARY 9, 2022

Another interesting fact about 2021 was that certain people put a lot of weight on housing being held up by investors or iBuyers, reflecting that buying conditions had deteriorated so much in the survey in 2021. history: move-up buyers, move-down buyers with a lot of cash, investors and all-cash buyers.

Inventory 368

Inventory Buyers Sellers Investors 368

Housing Wire

SEPTEMBER 8, 2022

So when you add move-up buyers, move-down buyers, first-time homebuyers, cash buyers and investors together, this can get out of hand. I always like to add that active listings were higher in the 1980s — and we have a lot more people now. Remember, the system is designed to keep home prices inflated.

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Inventory Law Housing Market Design 542

Housing Wire

OCTOBER 1, 2022

Investors may have been attracted to the market as they saw rents increase for tenants. While it is not the high seen during the First-time Home Buyer Tax Credit in 2010, it is also not the historical norm of 40% seen in the annual Profile of Home Buyers and Sellers report.

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Realtors Housing Market Marketing Buyers 373

Housing Wire

JUNE 22, 2023

Credit channels and inventory channels both changed after 2010 because of the qualified mortgage laws and the 2005 bankruptcy reform laws. I first used the term savagely unhealthy in March of 2022 because we had solid demand while inventory was at all-time lows. Now for the savagely unhealthy part of the report.

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Housing Market Marketing Inventory Law 503

Housing Wire

SEPTEMBER 28, 2023

This is a direct reaction to the surge of single family home purchases by investors seeking to subsequently rent those properties. The good news is that any number of firms ( real estate professionals , servicers and asset managers) have long since evolved from where the industry was in 2010.) It’s built upon seamlessness.

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Legal Training Real Estate Business 405

Housing Wire

JULY 28, 2021

Ginnie Mae servicing is a massive $2 trillion portfolio held by investors globally. If a default occurs, scheduled payments must be made to investors regardless as to whether the borrower is paying the mortgage. The servicing of FHA loans was associated but secondary. This is a bad policy proposal.

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Insurance Lending Mortgage Investors 404

Housing Wire

MAY 19, 2022

NAR Research : First-time buyers were responsible for 28% of sales in April; Individual investors purchased 17% of homes; All-cash sales accounted for 26% of transactions; Distressed sales represented less than 1% of sales; Properties typically remained on the market for 17 days. We still have some legs to move lower in sales.

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Housing Market Marketing Inventory Realtors 512

Housing Wire

MARCH 30, 2023

Because of the qualified mortgage laws of 2010, we are lending to the capacity to own the debt, which means speculative credit cycles from primary resident homebuyers or even investors can’t occur in the same fashion as from 2002-2005. during the last few years, nor can we ever.

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Housing Market Mortgage Law Marketing 479

Housing Wire

JUNE 15, 2022

The 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act, created in direct response to the financial crisis, requires lenders to check a buyer’s ability to repay (ATR), which protects them from predatory lending practices. It’s not a bad thing for borrowers, lenders, and loan investors.

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Mortgage Bracketing Loan Officers Investors 345

Housing Wire

MARCH 23, 2022

The fact that the 23% home-price growth level has been smashed in just two years and inventory just collapsed to all-time lows has created the most unhealthy housing market post-2010. Compared to the existing home sales marketplace, it doesn’t have a high cash buyer or investor buyer profile. The only risk to that 6.2

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Mortgage Inventory Housing Market Construction 435

Hank Miller Team

MARCH 21, 2022

The 2022 market could not be more different than the 2010-12 market.over 100K homes were on the market during the darkest days. Rising rates, rising rents, diminishing inventory and corporate investors are in the mix. We know what covid did but Atlanta has always been an investor playground and Wall Street is on a buying spree.

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Real Estate Marketing Sellers Inventory 98

Housing Wire

MARCH 10, 2022

Also, investors that have bought homes for rental yield are enjoying the fact that wages are rising because it gives them a reason to raise the rent. This is just another reason I keep saying this is the unhealthiest housing market post-2010. People move all the time for many different reasons.

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Inventory Mortgage Property Taxes Insurance 543