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obsolete

CFPB Says Mortgages Servicers Using Outdated Technology and Violating Servicing Rules

Today’s News Synopsis: The CFPB reported mortgage servicers are using outdated technology and thereby breaking servicing rules.  HOPE NOW reported a significant event for foreclosure preventions as they just reached 25 million.  The Mortgage Bankers Association reported a 2.9% increase in mortgage applications. In The News: DS News – “Foreclosure Prevention Efforts Hit Milestone” (6-22-16) “The […]

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commercial property1

Federal Reserve Warns About Rapidly Increasing Commercial Real Estate Prices

Today’s News Synopsis: Default for consumer credit looked more positive last month with mortgage and consumer credit default rates increasing month-over-month.  The Federal Reserve gave heed regarding commercial real estate prices, which they said may have increased too rapidly.  Fannie Mae’s Desktop underwrite program, which was delayed, has now been reset to September 24. In

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builder sentiment

Builder Confidence Rose Two Points This Month To 60

Sources: Commercial/Multifamily Mortgage Debt Outstanding Continues Strong Growth Applications for New Home Purchases Decrease in May Foreclosure Rate Falls to New Post-Crisis Low Mortgage Applications Decrease in Latest MBA Weekly Survey Real estate investors passing over U.S. to find good deals in Europe NAR survey shows how college, student debt affect homeownership Airbnb Adds $1

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construction firm

Number of One-Person Firms in the Construction Industry Totals 2 Million

Today’s News Synopsis: The Mortgage Bankers Association reported a 2.4% decrease in mortgage applications from last week.  The NAHB reported the number of one-person firms in the construction industry totals over 2 million.  Republicans in the House of Representatives revealed their plan yesterday to replace Dodd-Frank as well as help strengthen the economy. In The

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dream home

Wells Fargo Survey Shows Homeownership Still A Priority for Majority

Today’s News Synopsis: Debt on commercial and multifamily properties increased in the first quarter of 2016 by 1.2% to $35.3 billion.  New home purchase applications, on the other hand, decreased 6% according to the Mortgage Bankers Association.  Wells Fargo released a new survey showing homeownership is still priority for the majority of Americans. In The

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energy savings1

Fannie Mae Introducing New Loan for Homeowners Saving Energy

Today’s News Synopsis: A lot more real estate investors are starting to look elsewhere outside the United States, including Europe, for good deals on investing.  A new survey by the NAR shows a big impact on homeownership is millennials choosing to put off owning a home and taking care of student debt first.  Fannie Mae

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Dennis Block

California Landlord and Tenant Laws with Dennis Block, Eviction Attorney #490

Dennis Block is an eviction attorney in Los Angeles with over 39 years of experience in the field.  He serves as an attorney through his own firm Dennis P. Block and Associates.  Through his firm he specializes in tenant evictions from both residential and commercial properties.  Since 1976 they have handled over 175,000 evictions and are

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equity gain

CoreLogic Shows Percentage of Mortgages Homes with Equity is 92

Sources: Delinquencies Spike Among Amortizing HELOCs Commercial/Multifamily Mortgage Delinquency Rates Low, Record Decline for CMBS Loans Freddie Mac: 30-year mortgage reverses course, drops More Renters Looking to Buy These Days Morning Briefing: Foreign buyers interest in US homes increasing Hensarling reveals details of plan to replace Dodd-Frank Lender Restraint Stunting Real Estate Growth Today’s News

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Hot Homes Graphic

Top Three Cities With Best Housing Markets: Denver, Seattle, Portland

Today’s News Synopsis: Freddie Mac reported mortgage rates dropped for the first time in weeks with 30-year rates now at 3.60% and 15-year rates at 2.87%.  According to the latest data from Redfin, the top three cities that had the best housing markets were Denver, Seattle, and Portland.  For three years now private investors have

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