California Real Estate Headline Roundup

Risk Retention Rule Approved by Six Federal Agencies

October 23rd, 2014

Copyright: Image from     Today’s News Synopsis: The new risk-retention rule has finally and officially been approved by six federal agencies.  Mortgage rates decreased this past week with 30-year rates now at 3.92% and 15-year rates at 3.08%.  Home prices in the U.S. increased 0.5% in August, above economists’ expectations.   In The News: Housing Wire

Read More »

California Real Estate Market Slow Right Now with Increase in Prices and Decrease in Demand

October 22nd, 2014

Copyright: Image from       Today’s News Synopsis: The Mortgage Bankers Association reported mortgage refinance applications increased 11.6% from last week.  PropertyRadar believes the California real estate market is slow right now with the increase in home prices and decrease in demand.  Senator Elizabeth Warren and Congressman Elijah Cummings have asked for an investigation

Read More »

Capitol Economics Optimistic About Economic Recovery After Seeing Increase in Existing Home Sales

October 21st, 2014

Copyright: Image from       Today’s News Synopsis: Existing home sales increased by 2.4% last month to a 5.17 million annual rate, leading organizations like Capital Economics to be optimistic about the economy improving.  The Mortgage Bankers Association is also optimistic mortgage originations will increase 7% in 2015.  A new QRM rule is in

Read More »

Maryland Bank Closes After Three Months of No Bank Failures

October 20th, 2014

Copyright: Image from       Today’s News Synopsis: Bill Cosgrove, who will be featured on the panel for I Survived Real Estate 2014, spoke at the MBA’s 101st Annual Convention & Expo about Dodd-Frank to the future of America’s housing.  A bank in Maryland recently closed its doors after three months of no bank

Read More »

Multifamily Lending Numbers Sets New Record for 2013 with 18% increase from 2012

October 17th, 2014

Copyright: Image from     Sources: Study: 52 Percent of County Housing Markets ‘Better Off’ Than Two Years Ago Mortgage lending regulation compliance costs up 30% Commercial/Multifamily Mortgage Debt Outstanding Continues to Rise Mortgage Rates Tumble as 30-Year at 16-Month Low of 3.97% Survey Finds Consumer Spending Tight Despite Financial Security Social media giant to enter lending business Refinance Boomlet

Read More »

Sean O’Toole Joins Bruce Norris on the Real Estate Radio Show #404

October 17th, 2014

  Sean O’Toole President of PropertyRadar (Full Bio) On Friday, October 24, the Norris Group proudly presents its 7th 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 from

Read More »

1 in 3 Homes are Rental Properties According to Recent Survey

October 16th, 2014

Copyright: Image from     Today’s News Synopsis:   Mortgage debt for commercial/multifamily properties is on the rise increasing 1% quarter-over-quarter.  Mortgage rates decreased this week, and 30-year rates are at their lowest in 16 months at 3.97%.  15-year rates decreased to 3.18% from 3.3%.  According to a recent survey by HUD and the Census

Read More »

Mortgage Lending Increased for Big Banks with Sudden Increase in Homeowner Refinancing

October 15th, 2014

Copyright: Image from     Today’s News Synopsis: Big day in the news for mortgages.  The Mortgage Bankers Association reported a 5.6% decrease in mortgage applications from last week.  The costs for compliance on mortgage lending regulations is up 30% according to the latest survey from Fannie Mae.  A sudden increase in homeowner refinancing

Read More »

Lending Business to Welcome An Interesting Member: Facebook

October 14th, 2014

  Today’s News Synopsis: A new recent poll by showed more and more Americans are saving money with the uncertainty about the economy’s future and slow income growth.  Rumor has it Facebook will be doing more business with lending.  Another survey from RealtyTrac showed over 50% of housing markets have improved

Read More »

Economy as a Whole Gains Solid Footing

October 10th, 2014

      Sources: Consumers more optimistic about housing U.S. Mortgage Rates Fall to Lowest in a Month Credit nation?  HELOCs up 20.6% year-over-year Applications for New Home Purchases Unchanged in September California Ranks Fourth in Home Flipping Despite Drops in Average Gross ROI, Profit Real Estate: Surge isn’t over, experts say CoreLogic: Home price growth continues downward trend Capital Economics:

Read More »