California Real Estate Headline Roundup

Freddie Mac’s Monthly Growth Rate for its Portfolio at Five-Year High

January 30th, 2015

      Today’s News Synopsis: Aaron Norris of the Norris Group gives the news of the week in this week’s real estate headline roundup video.  GDP for the fourth quarter was below expectations at a low 2.6%.  Freddie Mac’s portfolio increased for 2014 and is at a five year high for monthly

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Cary Pearce of Provident Bank Mortgage Joins Bruce Norris on the Real Estate Radio Show #419

January 30th, 2015

Cary Pearce   Sales Production Manager for Provident Bank Mortgage   (Full Bio) Bruce Norris is joined this week by Cary Pearce. Cary is the current sales production manager for Provident Loans. As a production manager, he has closed almost 2500 loans for about $350 million in his career as well as supervised another $1

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Unemployment Claims Decrease to Lowest in 15 Years

January 29th, 2015

    Today’s News Synopsis: Mortgage rates took a turn this week by showing signs of increase with 30-year rates now at 3.66% and 15-year rates at 2.98%.  Unemployment claims decreased this past week to their lowest in 15 years at 265,000. Homeownership is at its lowest in 20 years, having decreased

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Mel Watt supportive of 3% Down Mortgage Payments

January 28th, 2015

    Today’s News Synopsis: In an update from Mel Watt’s meeting before the Congress yesterday, he is in support of 3% down mortgage payments as well as increase access to credit.  The Mortgage Bankers Association reported mortgage applications decreased 3.2% from last week.  More and more homeowners are choosing to live

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Four Big Banks to Pay Massachusetts $2.7 Million for Improper Foreclosures

January 27th, 2015

    Today’s News Synopsis: HUD and U.S. Census Bureau reported sales of new homes increased 11.6% last month and now stand at 481,000.  Twenty cities in the U.S. showed signs of increase for home prices by 4.3% in November.  Four big banks, JP Morgan Chase, Bank of America, Wells Fargo Bank

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Pending Home Sales in California Increase for First Time in Two Years

January 26th, 2015

    Today’s News Synopsis: Existing home sales were low this month compared to January, although they are expected to be up from last year.  At the same time, pending home sales increased 2.6%, having increased for the first time in two years.  Mel Watt, director of FHFA will be speaking before

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$140 Million of Delinquent Home Loans Being Sold By Freddie Mac

January 23rd, 2015

          Sources: Builder Confidence Holds Steady in January Mortgage Applications Increase in Latest MBA Weekly Survey Housing starts up but permits post lowest growth since mid-2011 Freddie Mac: Mortgage rates fall to new lows Home Prices Beat Estimates With 0.8% Gain in November Obama State of the Union to touch on housing, focus on tax hikes Freddie Mac:

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Harry Dent Joins Bruce Norris on the Real Estate Radio Show #418

January 23rd, 2015

    Author and Economist (Full Bio) Bruce Norris is joined again this week by Harry Dent. Harry is the founder of Dent Research and Economic Forecasting Firm. They specialize in demographic trends, and his mission is to help people understand change using new research developed from years of hand-on business experience. Mr. Dent

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Supreme Court Hears Both Sides of Argument For and Against Disparate Impact Rule

January 22nd, 2015

    Today’s News Synopsis: Mortgage rates decreased again to decreased again to lows not seen before with 30-year rates now at 3.63% and 15-year rates at 2.93%.  Home prices saw a 0.8% gain in November, exceeding expectations.  The Supreme Court has heard both sides of the argument for and against the

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Housing Starts Exceed Expectations for Fourth Straight Month

January 21st, 2015

    Today’s News Synopsis: The Mortgage Bankers Association reported an increase in mortgage applications by 14.2%.  Housing starts increased 4.5% month-over-month and exceeded expectations for the fourth straight month.  Demand for multifamily homes is expected to stay strong this year with the increase in demand according to the latest NAHB report. In

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