California Real Estate Headline Roundup

$50 Million Robo-Signing Settlement Reached with JP Morgan

March 4th, 2015

  Today’s News Synopsis: The Mortgage Bankers Association reported mortgage applications increased only slightly from last week by 0.1%.  New data from the Census Bureau showed homeownership rates were at their lowest in 20 years in 2014.  JP Morgan Chase just reached a settlement of $50 million regarding robo-signing. In The News: Housing

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It’s Expected Real Estate Crowdfunding Will Increase To Over $2.5 Billion This Year

March 3rd, 2015

  Today’s News Synopsis: Home prices increased almost 6% in January according to CoreLogic’s latest Home Price Index.  The Mortgage Bankers Association reported a continued decrease in commercial/multifamily delinquencies to 5.11%.  It is believed real estate crowdfunding will see an increase this year over $2.5 billion. In The News: Housing Wire – “CoreLogic:

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Mortgage Servicing Rules for the GSEs Undergoing Revisions by the FHFA

March 2nd, 2015

  Today’s News Synopsis: Sales of pending homes increased 1.7% in January to 104.2, putting them at their highest in a year and a half.  Spending on construction was slower at $971.4 billion, down 1.1% from $982 billion.  Rules and regulations regarding mortgage servicing for Fannie Mae and Freddie Mac are

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Bank of America Planning More Layoffs in Mortgage Business

February 27th, 2015

          Sources: MBA: Mortgage delinquencies continue decline in 4Q14 Mortgage Applications Decrease in Latest MBA Weekly Survey Freddie Mac: Mortgage rates increase three weeks straight Bad housing news drives stocks deep into red territory Single-family rental investment still strong among smaller investors Fannie, Freddie declining profits revive push for housing reform Foreclosure Inventory Down Despite Rise in Starts Developers’

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Economist John Husing Joins Bruce Norris on the Real Estate Radio Show #423

February 27th, 2015

  Dr. John Husing Inland Empire Economist (Full Bio) Bruce Norris is joined this week by Dr. John Husing. Dr. Husing is a leading authority on the Inland Empire economy, an area he has been studying since he wrote his doctoral thesis on the region in 1964. His influence on the business and political

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Latest Multifamily Production Index Comes in at 54 for the Fourth Quarter of 2014

February 26th, 2015

  Today’s News Synopsis: Mortgage rates continued to show signs of increase for the third week in a row with 30-year rates at 3.80% and 15-year rates at 3.07%.  Developer sentiment continues to remain above 50 for the multifamily market for the third week straight.  The latest Multifamily Production Index came

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Housing Reform a Bigger Issue Now with GSE’s Low Profits

February 25th, 2015

  Today’s News Synopsis: New home sales continue to hold high at six years with 481,000 properties being purchased last month and having increased by 21% since last July.  Mortgage delinquencies decreased again in the fourth quarter by a rate of 5.68%.  Fannie Mae and Freddie Mac both posted decreasing profits

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Rental Investment Still Positive Despite Home Sales to Institutional Investors At Its Lowest in Four Years

February 24th, 2015

  Today’s News Synopsis: Home prices gained momentum in 20 cities according to the latest S&P/Case-Shiller Index, having shown an increase of 4.6% year-over-year.  Rental investments for single families homes is still showing positive signs despite the sale of homes to institutional investors being at its lowest in four years.  A

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Housing Stocks Driven Way Down with News of the Market and Existing-Home Sales

February 23rd, 2015

  Today’s News Synopsis: Existing-home sales decreased 4.9% with the increase in prices and decrease of supply.  This news in addition to the news of decreases in both housing starts and permits has led to housing stocks being driven way down.  However, at the same time the prices of luxury homes

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Latest Internet Searches Show Bigger Demand For Housing

February 20th, 2015

          Sources: Builder Confidence Slightly Lower in February on Harsh Weather Conditions TransUnion: Mortgage delinquency rate down to 3.29% in 4Q14 Mortgage Applications Decrease in Latest MBA Weekly Survey Freddie Mac: Mortgage rates rise for second week; 30-year at 3.76% Housing Affordability Edges Up in the Fourth Quarter It’s official: Zillow now owns Trulia Zillow Group seeks restraining

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