California Real Estate Investing News

Bank of America Settles With FHL Bank of Des Moines Over Mortgage Complaints

May 4th, 2016

Today’s News Synopsis:   Home prices are showing a steady upward trend and have almost halfway recovered.  A lawsuit between Bank of America and FHL Bank of Des Moines regarding mortgage complaints has been settled.  The latest survey from the Mortgage Bankers Association shows a 3.4% decrease in mortgage applications and

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Freddie Mac Reports Loss of $354 Million in First Quarter

May 3rd, 2016

  Ten-X reported an increase in existing-home sales by 3.6% month-over-month and 7.4% year-over-year, thus decreasing the chance for risk.  Freddie Mac reported a loss of $354 million in the first quarter.  Two officials with the Federal Reserve said an interest rate hike will likely happen in June despite people’s doubts

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Remodeling Shows Upward Trend This Years

May 2nd, 2016

Today’s News Synopsis:   The NAHB reported an upward trend in remodeling projects for this year.  The Know Before You Owe Rule, set up under TRID, is undergoing heavy reconsideration by the CFPB.  A new bill was passed this week by the House Financial Services Committee that did away with some

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CFPB Reports Increase in Complaints Over Mortgages

April 29th, 2016

Sources: New Home Sales Relatively Unchanged in March Mortgage delinquencies hit lowest level in years S&P/Case-Shiller: Home prices finally start to stabilize Consumer Confidence in U.S. Fell More Than Forecast in April Pending home sales jump to highest level in nearly a year MBA Releases First Commercial/Multifamily Originations Data of 2016 Single-Family Sector Leads Housing to Higher

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Barry Habib of MBS Highway Joins Bruce Norris on the Real Estate Radio Show #484

April 29th, 2016

Barry Habib CEO of MBS Highway (Full Bio)   Bruce Norris is joined again this week by Barry Habib. Barry is an American entrepreneur and frequent media resource for his mortgage and housing insight. He has had a long tenure with monthly appearances for CNBC and Fox. Barry is the CEO of MBS Highway,

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Increase in Interest Rates Frozen by the FOMC

April 28th, 2016

Today’s News Synopsis:   Increases in interest rates were frozen once again by the Federal Open Market Committee.  The Mortgage Bankers Association released their first survey of 2016 for Commercial/Multifamily Originations, showing them to be 38% lower this quarter than the previous quarter of 2015.  Pending home sales increased 1.5% to 110.5

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Pending Home Sales at Yearly High

April 27th, 2016

Today’s News Synopsis:   The Mortgage Bankers Association reported a 4.1% decrease in mortgage applications from last week.  On the other hand, pending home sales increased to their highest in a year at 110.5.  Freddie Mac changed its prediction for the economy and now believes it is looking more like it

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More People Retiring Cannot Decide Between Buying or Renting

April 26th, 2016

Today’s News Synopsis:   The latest S&P/Case-Shiller Index shows home prices are finally starting to even out with them increasing 5.3% in February.  Consumer confidence, on the other hand, decreased beyond expectations this month, now standing at 94.2.  More and more people who are retiring cannot decide if they want to

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New Data By Black Knight Shows Ten States With Greatest Home Price Increases

April 25th, 2016

Today’s News Synopsis: New data from HUD and the Census Bureau shows new home sales for single-family homes decreased by 1.5%.  Black Knight Financial reported mortgage delinquency rates are at their lowest in 16 years at 1.95%.  Black Knight also released their list of the top ten states showing the

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Home Price Gains Show Slowdown at Only 0.4% Increase

April 22nd, 2016

Sources: Housing Starts Down 8.8 Percent in March Morning Briefing: Building confidence remains strong Existing home sales rebound 5.1% in March Mortgage Applications Increase in Latest MBA Weekly Survey Freddie Mac: Mortgage rates still lowest in recent memory [Chart] Remodeling Market Index Dips in First Quarter of 2016 Ten Real Estate Investment Hot Spots Bill would bar using

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