California Real Estate Investing News

CoreLogic Reports Closer Return to Normal for Distressed Property Sales

October 8th, 2015

  Today’s News Synopsis:   The House voted in favor yesterday of the H.R. 3192 bill that will allow for a TRID grace period.  Mortgage rates decreased with 30-year rates at 3.76% and 15-year rates at 3.07%.  CoreLogic reported a closer return to normal levels for the sale of distressed properties.   In The

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CFPB Considering New Rules for Consumer Financial Companies and Customers

October 7th, 2015

  Today’s News Synopsis:   The Mortgage Bankers Association reported a 25.5% increase in mortgage applications from last week.  Borrowing by consumers also increased in August, although the pace at which it grew was at its slowest in six months.  The CFPB is considering new rules to keep customers and consumer financial

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TRID Grace Period to Be Voted On Tomorrow by the House

October 6th, 2015

  Today’s News Synopsis:   The amount of mortgage credit available increased last month by 0.3% to 126.5 according to the Mortgage Bankers Association.  MERS won another case, this time involving homeowners and the Court of Appeal of California for the Third Appellate District.  The House is scheduled to vote on the

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Foreclosure Starts Increase With Rise in Repeat Foreclosures

October 5th, 2015

  Today’s News Synopsis:   Black Knight Financial reported a 68% increase in cash-out refis from the second quarter of 2014.  Foreclosure starts increased by 7% last August due to an increase in repeat foreclosures.  Fewer and fewer homes are becoming affordable in California, a negative sign for economic growth.   In The News: DS

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Increase in home prices seems to be a hot topic for policy debates

October 2nd, 2015

    Sources: Pending home sales decline 1.4% in August Consumer Spending Gain Shows U.S. Is Weathering Global Slowdown U.S. mortgage delinquency rate sees biggest drop since 2011 CoreLogic: Cash sales in June drop to 31% Residential construction spending rises in August Freddie Mac: Mortgage rates below 4% ten weeks straight Morning Briefing: Shale towns overbuilt as oil industry

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David Kittle of First American Mortgage Solutions Joins Bruce Norris on the Real Estate Radio Show #454

October 2nd, 2015

  David Kittle First American Mortgage Solutions VP (Full Bio) On Friday, October 16, the Norris Group proudly presents its 8th 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

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Consumer Confidence Increased as Housing and Labor Market Show Signs of Growth

October 1st, 2015

  Today’s News Synopsis:   As the housing and labor market continue to show signs of growth, consumer confidence also took a turn for a better in also showing signs of increase.  Spending on residential construction also increased in August and stood at $1,086.2 billion.  Freddie Mac reported mortgage rates continue to

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CFPB Allowing Adjustment Time Period Following Ruling for TRID Grace Period

September 30th, 2015

  Today’s News Synopsis:   The Mortgage Bankers Association reported mortgage applications decreased by 6.7% from last week.  Following the decision for TRID to allow a grace period, Richard Cordray of CFPB announced they too will allow a period of time for institutions to get accustomed to this new rule.  More homes

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Cash Sales of Homes Decrease to 31.3% According to CoreLogic

September 29th, 2015

  Today’s News Synopsis:   According to the latest S&P/Case-Shiller Index, home prices increased 5% year-over-year in July in 20 cities across the country.  At the same time, cash sales decreased to 31.3% from 33.9% year-over-year in June according to CoreLogic. reported now is a better time than ever to purchase

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NAR Reports 1.4% Decrease in Pending Sales Despite Expectations They Would Increase 0.5%

September 28th, 2015

  Today’s News Synopsis:   The National Association of Realtors reported a 1.4% decrease in pending home sales last month despite analyst expectations they would increase 0.5%.  Consumer spending increased with purchases showing a 0.4% increase last month.  In a follow-up from last week’s news, as more and more seniors are facing

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