Today’s News Synopsis:
In The News:
DS News – “Which States Offer the Best Credit Scores?” (3-29-16)
“A good credit score is necessary for many of life’s necessities, especially for obtaining a mortgage loan. So where can lenders find borrowers with the best and worst credit scores in the U.S.?”
Mortgage Professional America – “Morning Briefing: Homebuilder highlights decline of the first-time buyer” (3-29-16)
“KB Homes, America’s 8th largest builder of homes, has reported its annual financial results and highlighted some of the challenges facing the industry.”
Bloomberg – “Shiller: House Prices Going Up, Sign of Optimism (VIDEO)” (3-29-16)
“Yale Professor of Economics and Fincance Robert Shiller discusses the housing market and global economy.”
Mortgage Professional America – “Fed’s caution could see banks take $5bn hit” (3-29-16)
“Retail banks in the U.S. could be looking at a $5 billion hit from the Fed’s failure to raise interest rates this month. ”
Housing Wire – “What’s the fastest way to improve your credit score?” (3-29-16)
“Spring home buying season is already well underway, so if you’re looking to improve your credit score, you’re already falling a step behind. ”
Bloomberg – “Lennar Profit Beats Estimates as Job Gains Fuel Home Sales” (3-29-16)
“Lennar Corp., the second-largest U.S. homebuilder, reported a higher-than-expected profit for its fiscal first quarter as the nation’s job gains bolstered demand for real estate purchases.”
DS News – “Mortgage Lenders Prepare for the HELOC Wave” (3-29-16)
“As typical mortgage originations falter and fade to black and refinances continue to go untapped, lenders are gearing up for the next big thing among mortgage loans: home equity lines of credit (HELOCs).”
Mortgage Professional America – “Big bank agrees to $29 million payout over shoddy mortgage bonds” (3-29-16)
“A major bank has agreed to pay $29 million to a U.S. regulator to settle a lawsuit over mortgage-backed securities.”
Bloomberg – “Yellen Says Caution in Raising Rates is ‘Especially Warranted'” (3-29-16)
“Federal Reserve Chair Janet Yellen said it is appropriate for U.S. central bankers to “proceed cautiously” in raising interest rates because the global economy presents heightened risks.”
Hard Money Loan Closed
Los Angeles, California hard money loan closed. Real estate investor received loan for $215,000 on this single family property appraised for $326,000.
Aaron Norris will be presenting his newest talk Marketing Trends and Strategies for Real Estate Pros in 2016 with FIBI Long Beach on Thursday, March 31.
Aaron Norris will be presenting his newest talk Marketing Trends and Strategies for Real Estate Pros in 2016 with IVAR on Wednesday, April 6.
Bruce Norris will be presenting his newest talk Stay Put, Cash Out, Or Change Seats? with LA South REIA on Monday, April 11.
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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.