California Real Estate Investing News

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

June 24th, 2016

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 April

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Licensed Realtor Jack Shae Joins Bruce Norris on the Real Estate Radio Show #492

June 24th, 2016

Jack Shea Licensed Realtor and Mortgage Broker, Jack Shae Real Estate (Full Bio)   Bruce Norris is joined this week by Jack Shae. Jack moved to Florida in 1978 and began investing in real estate. He is a licensed realtor and mortgage broker. He has done syndications in mobile home park development. He has also bought

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Ocwen Financial Required to Pay $30 Million in Fraud Lawsuit

June 23rd, 2016

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 –

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CFPB Says Mortgages Servicers Using Outdated Technology and Violating Servicing Rules

June 22nd, 2016

Today’s News Synopsis: The CFPB reported mortgage servicers are using outdated technology and thereby breaking servicing rules.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

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Federal Reserve Warns About Rapidly Increasing Commercial Real Estate Prices

June 21st, 2016

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

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Freddie Mac Transfers $650 of Credit Risk to Private Investors

June 20th, 2016

Today’s News Synopsis: HUD and the US Commerce Department said housing starts remained relatively the same in May, but overall starts continue to show positivity and seem to be on an upward trend.  Freddie Mac transferred $650 of credit risk to private investors and will be able to continue to

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Dennis Block, Eviction Attorney, Joins Bruce Norris on the Real Estate Radio Show #491

June 16th, 2016

Dennis Block Eviction Attorney with Dennis P. Block and Associates (Full Bio)   Bruce Norris is joined again this week by Dennis Block. Dennis has exclusively represented landlords for the past 40 years. His firm is the leading eviction and collection firm in the state of California. His firm is comprised of 15 attorneys,

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Builder Confidence Rose Two Points This Month To 60

June 16th, 2016

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 Billion to

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

June 15th, 2016

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

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Wells Fargo Survey Shows Homeownership Still A Priority for Majority

June 14th, 2016

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

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