Today’s News Synopsis:
The Mortgage Bankers Association reported a 2.2% increase in new home purchase mortgage applications last month. ATTOM Data Solutions announced that their clients can now have licensing access to the Clear Capital operated MLS listing service. CoreLogic just released their latest review of the foreclosure crisis covering the last ten years.
In The News:
Bloomberg – “Banks Start Cutting Lending to Riskier European Real Estate” (3-13-2017)
“Banks in Europe are starting to get nervous about real estate again. The amount of money available for property investment globally has fallen on an annual basis for the first time since 2011, led by Europe, as the amount of debt on offer diminishes, according to a report published on Tuesday by broker Cushman & Wakefield Inc.”
Mortgage Bankers Association – “February New Home Purchase Mortgage Applications Increase 2.2 Percent Year over Year” (3-14-2017)
“The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for February 2017 shows mortgage applications for new home purchases increased 2.2 percent compared to February 2016.”
Fannie Mae – “Fannie Mae Announces Second Sale of Reperforming Loans” (3-14-2017)
“Fannie Mae (FNMA/OTC) today began marketing its second sale of reperforming loans as part of the company’s ongoing effort to reduce the size of its retained mortgage portfolio.”
Realty Trac – “ATTOM Data Solutions Adds Nationwide MLS Information Powered by Clear Capital to its Licensing Suite” (3-14-2017)
“ATTOM Data Solutions (www.attomdata.com), curator of the nation’s largest fused property database, and Clear Capital (www.clearcapital.com), a technology company providing analytics and data to the real estate valuations industry, today announced that nationwide Multiple Listing Service (MLS) analytics powered by Clear Capital will now be available for licensing to ATTOM Data Solutions clients.”
DS News – “Homeowners Expect Higher Appraisals” (3-14-2017)
“Quicken Loans’ Home Price Perception Index (HPPI) for February released on Tuesday shows that appraisers and homeowners are not entirely in agreement.”
CoreLogic – “CoreLogic Issues US Residential Foreclosure Crisis Decade in Review” (3-14-2017)
“CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released a 10-year retrospect of the U.S. residential foreclosure crisis, “United States Residential Foreclosure Crisis: 10 Years Later.””
The Washington Post – “Trump sends his real estate lawyer-turned-diplomat to meet” (3-14-2017)
“Jason Greenblatt, the New York real estate lawyer appointed by President Trump as his special representative for international negotiations, sounded out Israeli and Palestinian leaders on prospects for Middle East peace, garnering generally positive reviews from both sides Tuesday despite his lack of diplomatic experience or defined goals.”
Fannie Mae – “Fannie Mae Announces Winners of its Latest Non-Performing Loan Sale” (3-14-2017)
“Fannie Mae (FNMA/OTC) today announced the winning bidders for its ninth non-performing loan sale.”
Bruce Norris will be speaking at 10 Life-Changing Days of a Real Estate Investor with LA South REIA on Monday, April 10.
Bruce Norris will be speaking at 10 Life-Changing Days of a Real Estate Investor with Pasadena FIBI on Thursday, April 20.
Bruce Norris will be speaking at the AOA “Million Dollar” Trade Show & Landlording Conference in Long Beach on Wednesday, May 24.
Image copyright source: www.flickr.com/photos/59937401@N07
Unlike the millennial generation, more baby boomers were choosing to own a home as opposed to renting. Mortgage debt on commercial and multifamily properties showed strong increase in 2015, increasing to $2.83 trillion in the fourth quarter. The U.S. Census Bureau recently released their list of states with the highest taxes on properties, the highest being New Jersey and the lowest being Alabama and Hawaii.
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: ATTOM Data Solutions, bruce norris, Builder Application Survey, Clear Capital, CoreLogic, Cushman & Wakefield Inc, European Real Estate, fannie mae, Foreclosure Crisis, hard money, Hard money lender, Home Price Perception Index, mortgage bankers association, Multiple Listing Service, non-performing loan, private money, Quicken Loans, real estate investing, Reperforming Loans, the norris group, trust deeds