California Real Estate Headline Roundup

The Norris Group’s Greg Norris Joins Bruce Norris on the Real Estate Radio Show #441

July 3rd, 2015

  Greg Norris   President of TNG Auction (Full Bio) Bruce Norris is joined this week by Greg Norris of the Norris Group. Greg is the president of TNG Auction. TNG buys properties at trustee sales, fixes, and resells them. Bruce asked Greg how many properties he has successfully bought at trustee sales. Greg said he

Read More »

Bankruptcy Filings Barely Up in June But Down Year-Over-Year

July 2nd, 2015

      Sources: Pending home sales hit 9-year high Construction spending rises in May but residential component weak Mortgage Applications Drop in Latest MBA Weekly Survey as Rates Increase Freddie Mac: Mortgage rates increase to 2015 highs U.S. employers added fewer jobs than expected in June Morning Briefing: Millennial homes are getting smarter CFPB releases complaint data CFPB Asks For

Read More »

Regulator Test Failed by Several Big Banks

July 1st, 2015

  Today’s News Synopsis:   According to Fannie Mae’s latest Housing Insight Report, the homes more millennials prefer are single-family.  Spending on construction increased 0.8% in May, although spending on residential properties was below expectations.  Several big banks, including Wells Fargo, JPMorgan Chase U.S. Bancorp, failed on their regulator satisfactory tests.   In The

Read More »

Fannie Mae Mortgage Portfolio Decreases Again to Below $4 Billion

June 30th, 2015

  Today’s News Synopsis:   Richard Cordray, director of the CFPB, is scheduled to speak in front of the Senate Banking Committee on July 15.  The National Association of Realtors reported an increase in pending home sales to levels not seen in nine years.  Fannie Mae’s mortgage portfolio decreased again this month

Read More »

Smart Phones for Smart Homes

June 29th, 2015

  Today’s News Synopsis:   Recent data from the NPD Group Connected Intelligence Home Automation Advisory Service showed more and more millennials are having a smart product of some kind installed in their home.  Consumer complaints submitted to the CFPA regarding financial services have just been released.  Existing home sales that are still pending

Read More »

New home sales increase 2.2% Month-Over-Month

June 26th, 2015

      Sources: Sales of New U.S. Homes Rise to Highest Level in Seven Years U.S. Home Prices Rose 0.3% in April, FHFA Says Refi, Purchase Applications Both Up in Latest MBA Weekly Survey First-Time Buyers Drive U.S. Home Sales to Best Since 2009 Concerns lurk beneath the good news in May existing-home sales Jumbo reverse mortgage a

Read More »

The Norris Group’s Craig Hill Joins Bruce Norris on the Real Estate Radio Show #440

June 26th, 2015

  Craig Hill   Norris Group Hard Money Lender (Full Bio) Bruce Norris is joined again this week by Craig Hill of the Norris Group. Craig is the person you will be talking to if you call for a loan at the Norris Group or have an interest in trust deed investments. The topic on

Read More »

Almost 8,000 Consumer Complaints Published by the CFPB

June 25th, 2015

  Today’s News Synopsis:   In a ruling by the Supreme Court today, discriminatory claims under the Fair Housing Act may legally utilize disparate impact claims.  More and more millennials are gaining confidence when it comes to buying a home.  Almost 8,000 consumer complaints were published by the CFPB regarding consumers’ issues

Read More »

TRID Decision May Be Delayed Yet Again to October

June 24th, 2015

  Today’s News Synopsis:   The Mortgage Bankers Association reported an increase in both refinance and purchase applications.  The refinance index increased 2%, while applications increased 1.6%.  Half of the states in the country now have stable housing markets with the prosperous buying season in the spring.  The CFPB, which had already

Read More »

Jumbo Reverse Mortgages Gaining Popularity Among High-Value Homeowners

June 23rd, 2015

  Today’s News Synopsis:   The latest data from the Commerce Department showed new home sales increased last month by 2.2% to 546,000, their highest since 2008.  Home prices also increased by 0.3% the prior month according to the FHFA.  High-value homeowners are taking a bigger interest in something new: jumbo reverse

Read More »