Sources: CoreLogic Reports 37,000 Completed Foreclosures in August 2016 Mortgage applications down 6% as rising rates take a toll September New Home Purchase Mortgage Applications Increase 3 Percent Year over Year Mortgage Rates Tick Higher Structure of CFPB Ruled Unconstitutional Biggest banks in the world list: China dominates, US fades Consumer Financial Protection Bureau Fines Wells […]
Today’s News Synopsis: The Mortgage Bankers reported a 3% increase in home purchase mortgage applications for the month of September. Freddie Mac reported mortgage rates continue to increase with 30-year rates at 3.47% and 15-year rates at 2.76%. The latest research from Ten-X shows the areas that are leading in the recovery are the same
Areas Leading the Way in Recovery Are Same Areas Hit Hardest By Crisis Read More »
Today’s News Synopsis: Wells Fargo CEO John Stumpf has resigned in the wake of their recent scandal involving fake accounts. The Mortgage Bankers Association reported mortgage applications decreased 6% with the increase in rates. In Freddie Mac’s Insight report for this month, they were very curious why many do not see positive signs for homeownership
Wells Fargo CEO John Stumpf Has Resigned Following Scandal Read More »
Today’s News Synopsis: In a big news story, the U.S. Court of Appeals for the District of Columbia declared the CFPB’s structure “unconstitutional” and overturned a $109 million fine by the organization against PHH Corp. 370,000 foreclosures were completed last month according to CoreLogic. Fannie Mae’s mortgage portfolio continued to dwindle down today with their
CFPB Structure Declared “Unconstitutional” By D.C. Court of Appeals Read More »
Sources: Home prices heat up: Crisis and opportunity Mortgage Rates Largely Unchanged Growing Job Opportunities in Residential Construction Offer Solid Career Path for Millennials A Message to Borrowers Struggling With Mortgage Debt: Check Your Mail! California homeowners take advantage of rising home values Hurricanes’ Historical Impact on Construction Freddie Mac sells off $1 billion in
Zillow Releases Report Showing Cities With highest rent increases Read More »
On Friday, October 21, the Norris Group proudly presents its 9th annual award-winning black tie event I Survived Real Estate. An incredible lineup of industry experts will join Bruce Norris to discuss perplexing industry trends, head-scratching legislation and opportunities emerging for real estate professionals. Proceeds for the event benefit Make a Wish and St. Jude
Nick Bailey of Zillow Joins Bruce Norris on the Real Estate Radio Show #507 Read More »
Today’s News Synopsis: Mortgage rates remain the same overall with 30-year rates at 3.42% and 15-year rates at 2.72%. More and more homeowners are taking advantage of the increase in home values and taking out more home equity loans. Foreclosures in Oklahoma showed a 19% increase over the last 2 years. In The News: Freddie
More Homeowners Taking Advantage of Increasing Home Values Read More »
Today’s News Synopsis: The Mortgage Bankers Association reported a 2.9% increase in mortgage applications according to their latest survey. Non-performing loans totaling $1 billion were just sold by Freddie Mac, most bought by private investors with whom they worked. In light of the recent scandals with big banks, the Federal Reserve Board and the Federal
Non-performing Loans Totaling $1 Billion Sold By Freddie Mac Read More »
Today’s News Synopsis: Home prices across the nation increased greatly 6.2% in August, while Los Angeles prices increased 5.1% in July to prices above even the national rate. The sales of apartments in Manhattan decreased 20% from last year. The FHFA is announcing via email a one-time offer for Principal Reduction Modification by the GSEs
Home Prices Across the Nation Rise, While LA Prices Rise Even Above National Rate Read More »
Today’s News Synopsis: Black Knight Financial just released their latest home price index for July 2016, showing the home price index value for the nation increased 0.4% month-over-month and 5.3% year-over-year. More and more millennials could have better job opportunities with the increase in workers needed for home construction. Stocks declined today, while real estate
Black Knight Financial’s Latest Home Price Index Shows Increase in Price Index Values Read More »
