Lunch & Learn: Are appraisals the next big opportunity in mortgage fulfillment?

This Lunch & Learn for mortgage lenders will explore the evolution of the appraisal process as well as opportunities for innovation.

HousingWire Annual Virtual Summit

Sessions from HousingWire Annual 2021 are going to be virtually streamed on October 25. Register now for FREE to tune into what housing industry leaders had to say this year!

How Freddie Mac is addressing affordable housing challenges

Freddie Mac is focused on addressing limited access to credit, housing inequalities, creation and preservation of affordable housing supply and advancement of homeownership education.

How to increase minority homeownership?

Today’s HousingWire Daily features a roundtable discussion from HousingWire’s Lunch & Learn series that looks at “Unpacking the lender’s vital role in increasing minority homeownership.”

Politics & MoneyReal Estate

End of forbearance programs won’t result in housing crash

It was the forbearance data that crashed, not the housing market

HW+ House cut out graphic

One year ago this month, I coined the term forbearance crash bros, an updated name for the housing bubble boys who never got their housing crash in 2020 so they moved the collapse of housing to 2021. Many other articles were written in tribute to this wonderfully talented group of internet crash callers. As we are in September 2021, we can safely say the housing crash has been moved once again to next year. Let’s take a drive back down memory lane.

The National Bureau of Economic Research (NBER) declared that the COVID-19 economic recession in the U.S. ended in April 2020. The two-month COVID-19-caused recession represented both the sharpest and the shortest economic contraction in U.S. history. Despite the catastrophic and widespread collapse of economic activity the U.S. suffered, by April we were already showing signs of recovery. With the 10-year yield above 0.62 basis points, the St. Louis Stress Index began its recovery, spurring the creation of the America is back recovery model, which I wrote about on April 7, 2020.

But let’s not forget that hunkering down in that deep dark well of unknowns during the early days was a scary time — regardless of how much toilet paper and canned chili you were able to stockpile.

I get being scared in times of uncertainty, and for that reason, I have some sympathy for all those housing economic forecasters who predicted a crash. They are a sensitive lot who tend to frighten easily. We shouldn’t hold that against them – too much.

This content is exclusively for HW+ members.

Start an HW+ Membership now for less than $1 a day.

Your HW+ Membership includes:

  • Unlimited access to HW+ articles and analysis
  • Exclusive access to the HW+ Slack community and virtual events
  • HousingWire Magazine delivered to your home or office
  • Become a member today

    Already a member? log in

    Most Popular Articles

    FHFA to make desktop appraisals permanent

    Desktop appraisals, a temporary flexibility implemented in March 2020 amid lockdowns and social distancing, will become permanent, the FHFA said today.

    Oct 18, 2021 By

    Latest Articles

    Rocket Pro TPO redesigns pricing calculator for brokers

    Rocket Pro TPO aims to help its broker partners grow their businesses. The new Pricing Calculator provides brokers with fast, reliable and accessible information that can help differentiate them from competitors. In the midst of this serious housing shortage, brokers need tools to help them provide top-notch service to homebuyers. 

    Oct 22, 2021 By
    3d rendering of a row of luxury townhouses along a street

    Log In

    Forgot Password?

    Don't have an account? Please