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flood insurance

Demands for Reform to Flood Insurance Program Coming from Realtors and Builders

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Today’s News Synopsis: CoreLogic reported a 1.3% increase in home prices month-over-month and 5.9% year-over-year in May.  Despite Congress working to make changes to the National Flood Insurance program, builders and realtors say it is still in need of major changes.  RealtyTrac just showed which homes located on the beach have the best bargains. In […]

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countrywide

$8.2 Billion Lawsuit Between Countrywide and Investors Finally Settled

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Sources: Freddie Mac: Mortgage rates plummet after Brexit vote Pending home sales: Fewer homes being sold for first time in 2 years Case Shiller: Home prices reach new highs in key housing markets Morning Briefing: Strong rise in real estate optimism Zillow: Starter home values growing at twice the pace of higher-end market Booming US

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Ray Brewer

HUD and FHA Loans with Ray Brewer HUD Field Office Director #493

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Bruce Norris is joined this week by Ray Brewer. Ray is currently the field office director for the U.S. Department of Housing and Urban Development in L.A. He has been serving in this capacity since June 2009, consisting of more than 200 employees. The HUD LA office is the largest field office in the nation.

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mortgage realestate

Freddie Mac Reports Strong Decrease in Mortgages Rates With Recent Brexit News

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Today’s News Synopsis: Freddie Mac reported a strong decrease in mortgage rates in the wake of the Brexit news with 30-year rates now at 3.48% and 15-year rates at 2.78%.  Construction on hotels is the highest in the U.S. above all other countries at 4,471 planned projects.  Congress announced they will be authorizing a new

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Skilled Labor and Subcontractors Hard to Come By These Days

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Today’s News Synopsis: The National Association of Realtors reported a 3.7% decrease in pending home sales, their first decrease in 2 years.  Skilled labor and subcontractors are harder to come by these days compared to last year according to the NAHB.  The Mortgage Bankers Association reported a drop in mortgage applications in the wake of

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Brexit

Some Believe Major Real Estate Decisions will be Placed on Hold During the Brexit Process in Europe

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Sources: Morning Briefing: Housing starts flat in May but trend is positive Consumer Credit Default Picture Looks Brighter Foreclosure Prevention Efforts Hit Milestone Rates Drop, Refi Apps Jump in Latest MBA Weekly Survey Morning Briefing: Existing sales hit 9-year high, median prices at all-time record New Home Sales Fall 6 Percent in May from Strong

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Ocwen Financial Required to Pay $30 Million in Fraud Lawsuit

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Today’s News Synopsis: The National Association of Realtors reported existing home sales increased 1.8% last month to their highest since 2007.  Meanwhile, sales of new homes decreased 6% last month to 551,000.  Ocwen Financial has been required to pay $30 million in a settlement regarding fraud. In The News: Mortgage Professional America – “Morning Briefing: Existing

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