Posts Tagged ‘Hard money lender’

Of All Countries Interest in Florida Real Estate, Russia Still At Top

February 27th, 2017

Today’s News Synopsis: Pending home sales decreased 2.8% last month to a yearly low.  Of all places interested in buying real estate in Florida, Russia is still at the top of the list.  More and more smaller banks are unable to lend out as much money as they are being

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CAR Reports 1.9% Increase in Pending Home Sales for December

February 24th, 2017

Sources: Bank Card Default Rate Hits 42-Month High in January 2017 According to S&P/Experian Consumer Credit Default Indices US existing home sales hit 10-year high in January Mortgage Applications Decrease in Latest MBA Weekly Survey December pending home sales and Market Pulse Survey U.S. House Prices Rise 1.5 Percent in Fourth Quarter Continued Uncertainty Causes Mortgage

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Southern States Are Where the Best Housing Market Appreciation is Found

February 23rd, 2017

Today’s News Synopsis: According to the latest report from Zillow, the Southern States are the places to go to find housing markets with the best appreciation.  The FHFA released their latest report showing a 1.5% increase in home prices in the fourth quarter.  Mortgage rates continue to remain steady due

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Existing-Home Sales Increase to Highest in 10 Years

February 22nd, 2017

Today’s News Synopsis: Existing-home sales increased 3.3% to 5.69 million last month, their highest in ten years.  The Mortgage Bankers Association reported a 2% decrease in mortgage applications from last week.  In the midst of a slow recovery from the recession, Toll Brothers reported positive earnings. In The News: Mortgage Bankers Association –

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Default Rates for Bank Cards at Highest in Almost 4 Years According to Latest S & P/Dow Jones Indices

February 21st, 2017

Today’s News Synopsis: The latest S & P and Dow Jones Indices showed default rates for bank cards were at their highest in almost 4 years in January, up three basis points from 0.92%.  Several holders of hedge funds were unsuccessful in their attempt to have a ruling overturned that

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$12.3 Billion Was the Reported Annual Net Income for 2016 for Fannie Mae

February 17th, 2017

Sources: America’s Suburban Hotspots 17.3 Million U.S. Homes with Combined Value of $4.9 Trillion in Zip Codes with High Environmental Hazard Risk The Bay Area Tops List of Best Markets for Sellers; Baltimore and Miami Are the Best for Buyers When It Comes to Moving, Millennials Are Stuck in the Mud Delinquencies Increase in Fourth

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Housing Affordability at Lowest in 8 Years, Yet Still Remains Positive

February 16th, 2017

Today’s News Synopsis: The latest study from ATTOM Data Solutions showed that of the homes valued at a total of $4.9 trillion, 17.3 million of them are in zip codes where environmental hazards are a high risk.  The latest HUD and Census Bureau reports showed housing starts decreased 2.6% to

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MBA Reported Increase in Delinquencies on Mortgages in Fourth Quarter

February 15th, 2017

Today’s News Synopsis: The Mortgage Bankers Association reported a 3.7% decrease in mortgage applications from last week.  They also reported an increase in delinquencies in the fourth quarter, putting them now at 4.8%.  NAHB reported builder confidence decreased slightly to 65 but continues to remain stable. In The News: Mortgage Bankers Association –

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More Millennials Today Prefer to Stay in One Spot

February 14th, 2017

Today’s News Synopsis: Janet Yellen of the Federal Reserve said the economy stays as it is, we may see more rate hikes in the future.  Fannie Mae sold more of its nonperforming loans off today, including those from their sixth Community Impact Pool.  The latest census data from Pew Research

Read More » Releases List of Top Suburban Areas in America

February 13th, 2017

Today’s News Synopsis: released their list of the top suburban areas in America.  A house that remains on the market, still waiting for an owner, is the former home of Lou Gerhrig, which he originally bought as a fixer-upper.  A new chief economist, Mark Calabria, has just been hired

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