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Existing Home Sales End 2022 with Weakest Year Since 2014

Eyes on Housing

As elevated mortgage rates and tight inventory continue to weaken housing demand, the volume of existing home sales declined for an eleventh consecutive month as of December, according to the National Association of Realtors (NAR). This is the longest run of declines since 1999.

Inventory 169
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Reverse mortgage volume, securities issuance fall in February

Housing Wire

One would have to look to 2014 to find lower monthly volume,” New View stated in its commentary accompanying the February data. Looking back When asked to compare the low-issuance figures from 2014 with the current market, Kelly referred RMD to its blog post that detailed HMBS results for April 2014.

Mortgage 431
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New CFPB Proposal Increases Foreclosure Protections

Appraisal Buzz

Current regulations governing mortgage servicing took effect in 2014, and were developed in response to the severe foreclosure crisis that saw 7.5 million homes lost to foreclosure between 2006 and 2014.

Mortgage 447
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Why purchase application data is below 2008 levels

Housing Wire

But I need to explain why this level has more in common with 2014 housing data than the credit stress markets of 2005-2008, and why you should care. With the massive housing inflation since 2020 and higher mortgage rates, we are back to familiar territory with existing home sales and purchase application data: we are back to 2014 levels.

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CFPB settles decade-old foreclosure relief scam enforcement suit

Housing Wire

The bureau first filed its complaint against Consumer First Legal Group, The Mortgage Law Group LLP and the four attorneys on July 22, 2014, as part of “a coordinated effort against various foreclosure relief scam operations by the CFPB, Federal Trade Commission (FTC), and 15 states in 2014,” the bureau said.

Legal 421
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Former Keller Williams agents continue their legal actions 

Housing Wire

Louis Ronayne first joined the brokerage as an agent and later became a team leader, serving at the brokerage from July 2000 to September 2014. Meanwhile, Deborah Ronayne was an agent with Keller Williams from roughly November 2002 to September 2014.

Legal 421
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ERA franchise acquires Michigan-based independent firm

Housing Wire

Compass Realty Pro was founded in 2014 by Mark Higgins, who will join ERA Prime Real Estate Group as a managing broker. ERA Prime, which was founded in 2017 by Willie Ray III, currently has offices in Farmington and Grand Blanc, Michigan. In addition to real estate brokerage services , the firm also offers mortgage and title services.