Skip to main content

Stuart M. Saft releases two-volume set on commercial real estate workouts

National Mortgage Professional
Nov 19, 2008

iEmergent announces 2009-2013 Mortgage Volume Forecasts MortgagePress.comiEmergent, forecasting, Mortgage Volume Forecasts, Market Behavior Metrics tables, statistics, purchase mortgage lending volumes iEmergent, a Des Moines, Iowa-based market research, forecasting and advisory services firm for the financial services, mortgage and real estate industries, issued its Mortgage Volume Forecasts for 20092013, including its Market Behavior Metrics tables, in order to provide lenders details on the size, density and speed of growth of mortgage lending opportunities. The forecasts provide lending details regarding expected loan volumes at the national, state, county and local community levels. They also provide lenders data needed to assess mortgage lending opportunities, develop business strategies, make growth decisions and estimate the strengths and weaknesses of their current positions in distinct markets. iEmergents comprehensive forecast tables can be configured in any combination of markets to represent the markets of interest to any type or size of mortgage lender. Highlights of the forecasts for 2009 illustrating potential market share and home financing opportunities for lenders include: " Total purchase volume: 4.29 million loans for $707.7 billion Refinance volume range: " Low: 3.29 million loans for $575 billion " High: 3.66 million loans for $640 billion Total mortgage volume: " Low: 7.58 million loans for $1.283 trillion " High: 7.95 million loans for $1.348 trillion The 2009 forecast represents another five percent slide in volume from current 2008 end-of-year estimates. The local impact varies widely as lending trends continue to undergo significant shifts in many individual markets while remaining solid and stable in others. The forecasts and data tables offer details on iEmergent's estimate that purchase mortgage lending volumes will bottom out in late 2009, but the rates at which individual markets generate purchase mortgages will dip to levels not seen since the early 1990s and are not expected to recover long-term historical trends until 2012. "We expect the total volume to reach the bottom in 2009 and turn upward in 2010, but lenders should be prepared for volumes in many of their local markets and communities to drop even further if the recession deepens, unemployment levels continue to rise, home prices fail to stabilize and consumer confidence remains dismal. Periods of increased uncertainty and volatility are precisely the times to become more focused on local market dynamics, not less," said Dennis Hedlund, president of iEmergent. "4.3 million purchase loans and 7.5 million total mortgage transactions or more is not a total collapse. Lenders have had plenty of time the past 24 months to look inward and re-structure, reduce costs and improve their efficiency to match the new reality. Now it is time for them to look outward and tailor their lending strategies to the local markets where they need to compete effectively. Reaching, attracting and capturing homebuyers requires more than personal intuition or knowing the last two quarters loan counts. Knowing and anticipating how the size, density and long-term growth rates of the lending opportunities in local communities and homebuyer segments are likely to change in the future will be crucial if they expect to improve profit performance and sustain their growth during these challenging times." For more information, visit
Nov 19, 2008
loanDepot And mellohome Introduce Home Services Bundle

loanDepot, Inc. and its sister company mellohome are launching a proprietary bundle of home buying and selling services.

Industry News
Jul 30, 2021
Gateway Mortgage Surpasses 165 Mortgage Centers With 10 New Additions

Gateway Mortgage reported significant growth in the company, prompting it to open 10 new locations across Colorado, Idaho, Oklahoma, Texas, Oregon, and Wyoming.

Industry News
Jul 30, 2021
FHFA Requires 30-Day Notice Prior To Eviction

Wednesday, the Federal Housing Finance Agency (FHFA) announced that tenants of multi-family properties must be given 30 days notice to vacate before the tenant is required to leave the premise.

Industry News
Jul 29, 2021
Houston-Based Stewart Acquires Title First Agency

Ohio-Based Agency Has 20 Offices And Operates in 32 States

Industry News
Jul 28, 2021
Planet Home Lending Reports Total Origination Volume Of $6.8B In Q2 2021

Planet Home Lending's total origination volume reached $6.8 billion in Q2 2021, up 77% from $3.9 billion in Q2 2020.

Industry News
Jul 22, 2021
FHFA Ends Controversial Refinance Fee

The FHFA announced that Fannie Mae and Freddie Mac will eliminate the Adverse Market Refinance Fee for loan deliveries, starting August 1, 2021.

Analysis and Data
Jul 19, 2021