Mortgage Performance Continues to Improve According to CoreLogic

Today’s News Synopsis:

Mortgage performances are improving with only 4.8% being delinquent in April according to the latest Loan Performance Insights Report.  Janet Yellen is heading up to testify before Congress, all in the midst of a market with increased job growth and not-increasing wages.  Consumers can now have easier access to CoreLogic data through their partnership with ESRI ArcGIS Enterprise.

In The News:

CoreLogic “CoreLogic Reports Mortgage Performance Continues Steady Improvement in April 2017” (7-11-2017)

“CoreLogic (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report which shows that, nationally, 4.8 percent of mortgages were in some stage of delinquency (30 days or more past due including those in foreclosure) in April 2017.”

Bloomberg – “When Janet Yellen Talks, This Is What Traders Will Be Listening For” (7-11-2017)

“For investors, there’s only one mid-year market outlook that matters this week: Janet Yellen’s.  And it’s not her thoughts on the prospect for inflation or labor-market tightness they’ll be most attuned to.”

Mortgage Professional America – “Expanding tech boom good for real estate” (7-11-2017)

“The fast-growing technology sector is expanding its geographical reach, bringing good news for both commercial and residential real estate.”

CoreLogic – “CoreLogic Data Now More Accessible Through Integration with ESRI ArcGIS Enterprise” (7-11-2017)

“CoreLogic (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today launched an expanded service for clients to access data through an integration with Esri ArcGIS Enterprise.”

CNBC – “Fed’s Brainard: Balance sheet runoff ‘soon,’ but rate hikes in doubt” (7-11-2017)

“The Federal Reserve likely will act “soon” to begin running off its $4.5 trillion balance sheet as long as the economy cooperates, central bank Governor Lael Brainard said in a speech Tuesday.”

Seeking Alpha – “Healthcare REITs: Where Healthcare And Real Estate Intersect” (7-11-2017)

“Can two profitable sectors, real estate and healthcare, be blended? Will the investment produce good profits?  See how Healthcare REITs produce excellent total returns in the long run while giving investors excellent income streams.”

Bloomberg “Yellen Heads to Congress Wondering Why Job Market Hot, Wages Not” (7-11-2017)

“Janet Yellen is getting ready to feel the heat, and not just because it’s July in Washington.  The Federal Reserve chair, during her semiannual testimony to Congress over the years, has been quizzed on topics ranging from the Volcker rule to God’s plan for interest rates. Yellen’s opening statement will be released at 8:30 a.m.”

The Real Deal Magazine “Why Redfin’s IPO matters so much to the other real estate tech companies” (7-11-2017)

“When it launched in 2004, online real estate brokerage Redfin blazed a trail for companies such as Findwell, Compass, TripleMint, ZipRealty and LG Fairmont. But while it’s been expanding steadily and increasing revenues — it was involved in the sale of 75,000 homes worth more than $40 billion since its launch through the end of 2016 — the company is still far from profitable.”

 

Bruce Norris will be speaking at An Intimate Evening with Bruce Norris at Prosperity Through Real Estate TONIGHT.

Bruce Norris will be presenting his latest talk 10 Life-Changing Days of a Real Estate Investor with InvestClub for Women on Wednesday, August 16.

Bruce Norris will be presenting his latest talk 10 Life-Changing Days of a Real Estate Investor with SJREI on Thursday, September 14.

Looking Back:

There was little to no activity for construction jobs in June with the unemployment rate decreasing to its lowest in 16 years.  Clear Capital believed the South would see the biggest growth for the housing market.  Despite mortgage rates being at their lowest on record, several people were still finding it hard to obtain a mortgage.

 

For more information about The Norris Group’s California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor calendar. You’ll also find our award-winning real estate radio show on KTIE 590am at 6 pm on Saturdays or you can listen to over 170 podcasts in our free investor radio archive.

 

Tags: , , , , , , , , , , ,

Leave a Reply