Morning Briefing: Building confidence remains strong
Existing home sales rebound 5.1% in March
Mortgage Applications Increase in Latest MBA Weekly Survey
Freddie Mac: Mortgage rates still lowest in recent memory [Chart]
Remodeling Market Index Dips in First Quarter of 2016
Ten Real Estate Investment Hot Spots
Bill would bar using g-fees for federal spending
Morning Briefing: Investors becoming less traditional in purchases
As interest rates fall, interest among buyers rise
Morning Briefing: Optimism for home buying rises
Today’s News Synopsis:
In The News:
Mortgage Professional America – “CoreLogic adds new GSE questionnaires into project review solution” (4-22-16)
“On March 29th, the government-sponsored enterprises (GSEs) announced the new Fannie Mae and Freddie Mac Condominium Project Questionnaires that will now be supported by CoreLogic’s CondoSafe™ project review solution.”
DS News – “Home Price Gains Slow to a Crawl” (4-22-16)
“Although home prices continued their upward trek all over the country, they are doing so at a much slower pace, according to data on the recent U.S. House Price Index (HPI) released by the Federal Housing Finance Agency (FHFA).”
Housing Wire – “Freddie Mac offloading $916 million in latest credit risk-sharing deal” (4-22-16)
“As part of its continuing mission to shift some of the credit risk it faces from the taxpayers and onto the private market, Freddie Mac announced Friday that it plans to sell its third credit risk-sharing deal of 2016.”
DS News – “Mortgage Insomnia-Homeowners Stressed With Payments” (4-22-16)
“Financial hardships are keeping Americans tossing and turning at night, and mortgages are one the top concerns causing sleeplessness, according to a new CreditCards.com poll.”
Housing Wire – “New York county legislator, former city official among victims of mortgage fraud conspiracy” (4-22-16)
“A mortgage company owned by a New York country legislator and a former Syracuse city auditor is among the alleged victims of a mortgage fraud conspiracy that involved a lawyer, a mortgage broker, a real estate appraiser, and a Realtor working together to defraud lenders out of more than $4 million. ”
Mortgage Professional America – “TRID woes abating? Average closing time drops to shortest level in a year” (4-22-16)
“Like TRID or hate it, originators appear, at least, to be getting used to it. The average time to close all loans dropped to 44 days last month – the shortest time since March of 2015, according to new data from Ellie Mae.”
DS News – “Housing Outlook Stays Bright as Economic Forecast Darkens” (4-22-16)
“While the outlook for overall economic growth is darkening, the housing market is expected to keep up its momentum in 2016, according to Freddie Mac’s April 2016 Economic Outlook released on Friday.”
Hard Money Loan Closed
Carlsbad, California hard money loan closed. Real estate investor received loan for $425,000 on this single family property appraised for $625,000.
Bruce Norris will be presenting his newest talk Stay Put, Cash Out, Or Change Seats? with IVAR on Wednesday, May 4.
Bruce Norris will be presenting his newest talk Stay Put, Cash Out, Or Change Seats? with OCRE Forum on Wednesday, May 11.
Bruce Norris will be speaking at the AOA Million Dollar Tradeshow and Landlording Conference 2016 on Thursday, May 19.
Image copyright source: www.flickr.com/photos/dragontomato
Black Knight Financial Services reported a 4.7% decrease in delinquency rates, marking the first time they had gone below 5% in 8 years. Mortgage applications, on the other hand, increased 2.3% from the previous week. The sales of existing homes also increased substantially to their highest in 18 months with the onset of the spring buying season.
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.