Housing Wire

DECEMBER 14, 2022

Prior to this role, Ralston served as the senior vice president of mortgage banking at NexBank since 2013. Earlier this month, NexBank Capital promoted Rhett Miller to executive vice president and chief banking officer from chief credit officer, a role he’s had since 2013. Ralston is also the president of NexBank Title, Inc.

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Housing Wire

NOVEMBER 7, 2023

Mathew joined the GSE’s board in 2013 when she retired as chair and CEO of Dun & Bradstreet Corporation. Mathew said in a statement that Drummond’s “deep knowledge of the company, understanding of its employees and dedication to the company’s mission make him an outstanding choice to serve as the next board chair.”

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Housing Wire

SEPTEMBER 12, 2023

Mortgage credit availability increased slightly in August but remained close to the very low levels last seen in January 2013, according a report from the Mortgage Bankers Association.

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Housing Wire

FEBRUARY 14, 2022

Court of Appeals for the Eleventh Circuit, Lawrence DeMille-Wagman, CFPB’s attorney, argued that a consent agreement from 2013 did not excuse the mortgage servicer from future violations and that Ocwen is on the hook for alleged wrongdoings. Last March, U.S. The CFPB declined to comment. Ocwen did not return a request for comment.

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Housing Wire

AUGUST 10, 2023

Flat-fee firms climbing up the brokerage rankings Interestingly, in 2013 only five of the top 100 firms in the nation, according to the RealTrends 500 rankings , were flat-fee firms. By transactions last year, flat-fee firms did 12% of the closed business of the top 100, compared to 5% back in 2013.

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Housing Wire

FEBRUARY 22, 2022

In 2013, the CFPB accused Ocwen of “engaging in significant and systematic misconduct.” The accusations were resolved with a consent order issued December 17, 2013, shielding the servicer from future actions arising from the alleged practices up to that point. the watchdog agency moved in early February to overturn the decision.

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Housing Wire

AUGUST 8, 2023

Mortgage credit availability dropped to its lowest level since 2013 in July as receding origination volumes led to lower profitability for many lenders. Simultaneously, liquidity concerns persisted for some jumbo lenders.

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Appraisal Buzz

JANUARY 31, 2022

With an emphasis on the Golden State, investors in 2021 comprised the highest share of single-family home and condo sales nationwide since 2013. The post Institutional Investors Reach Seven-Year High in Home Purchases appeared first on DSNews.

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Housing Wire

SEPTEMBER 20, 2023

Founded in 2013, Floify — a subsidiary of Porch Group Inc. — As these waterfall technologies can be run within the Floify platform, clients may bypass loan origination system add-on fees that often come with enabling new features, Rossato noted. The Colorado-headquartered firm was acquired by publicly traded proptech company Porch Group, Inc.

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Housing Wire

MARCH 30, 2021

The Housing Policy Council sent a letter to the Consumer Financial Protection Bureau on Tuesday expressing its opposition to delaying the implementation of the Final QM Rule and expiration of the 2013 QM Rule, set to take effect on July 1, 2021. 1, 2022 and opened up a comment period.

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Housing Wire

SEPTEMBER 11, 2023

By 2013, the software was used to price 8 million residential units, attorneys for the plaintiffs argued. By outsourcing the management of rental pricing to RENTmaximiser, Yardi’s rent-setting tool, property management companies failed in complying with the antitrust laws, according to the lawsuit.

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Housing Wire

OCTOBER 16, 2023

It contains appraisal-level data from a nationally representative 5% sample of appraisals conducted between 2013 and 2021 and associated with mortgages acquired by Fannie Mae and Freddie Mac. .” On Monday, the FHFA also published its new Uniform Appraisal Dataset (UAD) appraisal-level public use file.

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Housing Wire

OCTOBER 19, 2023

Founded by a group of agents in 2013, OnThe Market is headquartered in London and has approximately 180 employees. We are excited to welcome the OnTheMarket team to the CoStar Group family.” It competes with two other major U.K.-based based portals Rightmove and Zoopla and went public in January 2015.

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Housing Wire

JUNE 13, 2023

With this decline in availability, the MCAI is now at its lowest level since January 2013.” While the Conventional MCAI, which does not include loans backed by the government, decreased 2.3%, the Government MCAI, which examines FHA, VA, and USDA loan programs, fell by 3.8%.

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Housing Wire

NOVEMBER 17, 2022

The appraisals, compiled between 2013 and 2021, show that the home appraisal industry gives higher values to homes whose owners are white, and less if the owners are people of color. In late October, the Federal Housing Finance Agency released 47 million appraisal reports to the public for the first time.

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Appraisal Property Appraisal Valuation Home Value 370

Housing Wire

SEPTEMBER 10, 2020

In 2013, Fraser was tapped to head CitiMortgage in St. The day I started at CitiMortgage was the day the market started responding to the Fed, and inevitably was the end of the refi boom,” Fraser, who became CEO in May 2013, said in an interview with the Post-Dispatch. She’s also a known quantity in the mortgage space.

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Mortgage Lending Retail Investing 384

Housing Wire

JULY 29, 2022

With the completion of this eighth CAS transaction of 2022, Fannie Mae will have brought a total of 52 CAS deals to market since the program was started in 2013 , issued some $58 billion in notes, and transferred a portion of the credit risk to private investors on over $1.9

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Mortgage Insurance Investors Design 381

Housing Wire

MAY 18, 2021

states from 2013 to 2020, correlated with rates of sales tax, income tax and property tax in 2020. Florida, specifically, has the seventh-lowest tax rate in the country and gained more residents than all but four other states from 2013 to 2020. The trend is reversed in high-tax states, where an average of 2.5

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Real Estate Property Taxes Agents Buyers 424

Housing Wire

MAY 17, 2021

Freddie Mac implemented the CRT structure in 2013 to reduce the taxpayer’s exposure to its mortgage risks, shifting the risk of credit losses on the mortgages they insure onto investors. From 2013 to February 2021, the GSEs shed $126 billion of risk, at a net cost of $15 billion.

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Housing Wire

JANUARY 11, 2022

Fannie Mae opened 2022 with its 45 th credit-risk transfer (CRT) deal through its Connecticut Avenue Securities (CAS) real estate mortgage investment conduit, or REMIC, bringing the collective value of notes issued through the conduit to nearly $52 billion since the first offering in 2013. trillion.

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Housing Wire

JULY 7, 2023

Requirements and procedures governing the SCP were codified by an interim final rule in October 2013 and were amended in a follow-up rule in June 2016. “The proposed rule will strengthen FHFA’s ability to ensure the regulated entities remain safe and sound so they continue to serve as reliable sources of liquidity.”

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Housing Wire

JULY 11, 2023

Mortgage credit availability was essentially unchanged in June, remaining close to the lowest level since early 2013, as the industry continues to operate at reduced capacity,” said Joel Kan, MBA ’s vice president and deputy chief economist.

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Housing Wire

NOVEMBER 15, 2022

This caused it to reach its lowest level since March 2013, according to the MBA. The mortgage credit availability index (MCAI) fell by 0.5% last month, marking eight consecutive months of decline.

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Housing Wire

APRIL 5, 2022

“Instead, Wells Fargo argued that even after the CFPB’s 2013 amendments, Regulation X didn’t require it to respond to the borrowers’ requests, which asked for things like transaction histories and the identities of their loans’ owners.”. Presented by: Newbold.

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Housing Wire

FEBRUARY 3, 2022

Freddie Mac’s CRT program was founded with its issuance of the first STACR notes in July 2013. It was introduced in November 2013. Freddie’s other single-family CRT program, the Agency Credit Insurance Structure (ACIS) program, shares risk with re-insurance companies. housing market,” Freddie Mac states in a press release.

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Mortgage Real Estate Insurance Investors 382

Housing Wire

APRIL 8, 2022

In 2013, the CFPB accused Ocwen of “engaging in significant and systematic misconduct that occured at every stage of the mortgage servicing process.” 17, 2013, shielding the servicer from future actions arising from the alleged practices up to that point. Those accusations were resolved with a consent order issued Dec.

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Mortgage Insurance Law Marketing 382

Housing Wire

AUGUST 21, 2023

487 LiveEasy 1,204% 2013 Real estate software company changing the way people manage their move and their homes. 1,032 Realync 575% 2013 A real estate video engagement platform unlocking authentic experiences that connect and convert across the prospective renter and resident lifecycle. 4,105 FirstCloseFirstclose.

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Real Estate Real Estate Agent Appraisal Mortgage 370

Housing Wire

SEPTEMBER 16, 2022

Since the initial SFR securitization in 2013 through August of this year, according to a separate KBRA market-sector report, 16 sponsors have undertaken 113 SFR securitizations involving notes with a total principal balance of $69.6 The securitization, IH 2013-SFR1, was collateralized by a single $479.1 billion. “The

Mortgage 382

Mortgage Landlords Marketing Buyers 382

Housing Wire

APRIL 27, 2021

The HPC letter outlined why it opposes delaying the implementation of the Final QM Rule, including: The 2020 General QM Rule resulted from an extensive and disciplined rulemaking process that reflects the thorough analysis and public input required under the Administrative Procedure Act; The Bureau has not provided a sufficient rationale for delaying (..)

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Mortgage Realty Finance Lending 370

Inman

JUNE 14, 2023

Mortgage lenders tightened standards for the third month in a row in May, with mortgage credit availability falling to the lowest level since January 2013.

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Mortgage Lending Marketing 152

Housing Wire

NOVEMBER 8, 2022

Shankar is returning to Freddie Mac after a 2013-2019 stint with the government-sponsored enterprise (GSE). “I look forward to working with this talented executive as we continue to fulfill Freddie Mac’s important mission of making home possible.”.

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Mortgage Housing Market Home Value Finance 370

Housing Wire

OCTOBER 14, 2022

In December 2013, the rules were amended to contain an exemption for loans of $25,000 or less, adjusted annually to reflect CPI-W increases. The Fed noted that if there is no annual percentage increase in the CPI-W, the agencies will not adjust this exemption threshold from the prior year. .

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Appraisal Mortgage Finance Valuation 404

Housing Wire

AUGUST 1, 2023

billion, respectively, a trend that goes back to 2013. Top foreign buyers China and Canada remained first and second in U.S. residential sales dollar volume at $13.6 billion and $6.6 Mexico ($4.2 billion), India ($3.4 billion) and Colombia ($0.9 billion) rounded out the top five.

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Real Estate Buyers Realtors Inventory 370

Housing Wire

FEBRUARY 9, 2021

McClelland was named Chief Operating Officer in 2013 and Vice President in 2018. McClelland joined Metro Brokers in April of 2008 as the Director of Strategic Growth. After successfully rolling in over 30 companies.

Real Estate 393

Real Estate Realtors Agents Investors 393

Appraisal Buzz

MAY 17, 2021

That year, the FHFA called for a comprehensive review of the GSEs’ CRT programs for the first time since their inception in 2013. As an initial step toward that objective, the report estimates the historic and projected net costs. The post FHFA Issues First Report Related to GSE Credit Risk Transfers appeared first on Appraisal Buzz.

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Housing Wire

FEBRUARY 9, 2023

AEL, established in 2013 and headquartered in Tennessee, offers online training for real estate appraisers that help them “learn new skills, build on your experience,” according to the website. LinkedIn pegs the company size to be between 11 to 50 employees.

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Appraisal Valuation Real Estate Training 370

Eyes on Housing

MARCH 9, 2023

Since the inception of this series in 1998, this was the fourth time construction costs represent over 60% of the total price of the home (2013: 61.7%, 2015: Read More › Results show that 60.8% of the average home sale price consisted of construction costs, essentially unchanged from the 61.1% posted in 2019.

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