Posts Tagged ‘Home Affordable Modification Program’

The Norris Group Real Estate News Roundup 8/14/13

August 14th, 2013

Today’s News Synopsis: According to the Mortgage Bankers Association, mortgage applications declined 4.7% from last week.  Foreclosure starts also decreased with the increase in mortgage modifications.  Two former bankers of JP Morgan Chase have been charged in what is known as the “London Whale” trade for losses brought about by false

Read More »

The Norris Group Real Estate News Roundup 2/1/13

February 1st, 2013

Sources: Tight inventories weigh on prospects for 2013 growth U.S. home prices crawl upward U.S. Home Vacancies Fell in 4th Quarter From Prior Year U.S. Mortgage Rates Rise With 30-Year Highest in 4 Months Economy Adds Another 157,000 Jobs; Rate Up to 7.9% Q4 GDP Falls for First Time Since Recession Ended San Bernardino County Rejects Eminent

Read More »

California Forecast 2013: More of the same save the black swan by Sean O’Toole

December 12th, 2012

In 2012, we saw the continuation of a housing recovery in California, with solid sales volumes and price increases throughout much of the state.  More importantly, short sales, loan modifications, price increases and even foreclosures helped many get our of being underwater on their homes.  Many would say this recovery

Read More »

The Norris Group Real Estate News Roundup 8/5/11

August 5th, 2011

Sources: Homeownership Rate Drops to 13-Year Low June Pending Home Sales Rise Mortgage Applications Increase, But Still Low in Latest MBA Weekly Survey Job growth slows and layoffs rise to 16-month high, reports say Home prices edge up in June, but fail to meet 2010 levels Mortgage Rates Drop to Lowest of the Year Senate steps toward

Read More »

The Norris Group Real Estate News Roundup 5/23/11

May 23rd, 2011

The FBI said property crimes have dropped 2.5% in the West. A new study shows that homeowners at least two-months delinquent on their mortgage are more likely to strategically default. The Treasury Department released a free online calculator that provides borrowers with an estimate of whether or not they qualify for HAMP. Homeowner insurance premiums are increasing across multiple states.

The Norris Group Real Estate News Roundup 1/12/11

January 12th, 2011

Today’s News Synopsis: According to CoreLogic, in November the price of homes fell once again for the fourth month in a row.  Moody’s Investor Services reported a 79% increase in delinquncies for commercial mortgage-backed securities.  The Mortgage Banker’s Association also reported that applications for mortgage refinancing increased this week 2.2%.  Mortgage News

Read More »