Posts Tagged ‘MBA’

The Norris Group’s Bruce Norris to speak at MBA’s first Single-Family Rental Finance Summit

April 15th, 2014

Bruce Norris, president of The Norris Group, will serve as a panelist at the Mortgage Bankers Association’s Single-Family Rental Finance Summit 2014, the first MBA conference of this type. The summit is set for April 22 in Arlington, Va.

The Norris Group Real Estate News Roundup 6/16/11

June 16th, 2011

Today’s News Synopsis: NAHB reported that the U.S. Commerce Department released new numbers reporting that housing starts increased 3.5% in the month of May.  CNN reported that the number of filings for foreclosures fell for the 8th month in a row, while DSNews reported that the U.S. Conference of Mayors and

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The Norris Group Real Estate News Roundup 4/27/11

April 27th, 2011

If passed, a new California bill will require lenders to make a decision on mortgage modifications before beginning the repossession process. According to the Census Bureau, the national home vacancy rate fell to 2.6% in the first quarter. A study from the University of Chicago’s Booth School of Business shows that 35% of mortgage defaults in the U.S. were strategic during September 2010.

The Norris Group Real Estate News Roundup 4/6/11

April 6th, 2011

Mortgage applications dropped 2% from last week, according to the MBA. CoreLogic has developed a tool to determine whether borrowers are overstating their income. A small business tax rule has been reversed by Congress. Borrowers will no longer be excluded from 3 of the 4 Keep Your Home California programs just because they took out a home equity line of credit or did a cash-out refinance.

The Norris Group Real Estate News Roundup 3/23/11

March 23rd, 2011

The Commerce Department said single-family home sales dropped 16.9% in February. However, a survey from Bloomberg shows many economists believe home sales probably increased in February. Mortgage applications increased 2.7% last week, according to the MBA.

The Norris Group Real Estate News Roundup 3/17/11

March 17th, 2011

Statistics from the MBA show outstanding commercial/multifamily mortgage debt fell by 0.5% in the 4th quarter of 2010. FHA mortgage delinquencies decreased about 7% year over year. According to MDA DataQuick, 4,991 new and resale houses and condos sold in the Bay Area during February. Also, 27,320 new and resale houses and condos were sold statewide last month.

The Norris Group Real Estate News Roundup 3/9/11

March 9th, 2011

Mortgage applications increased 15.5% last week, according to the MBA. UCLA economists predict California’s unemployment rate will remain above 10% until 2013. Freddie Mac’s level of REO properties has grown 145.7% over the past two years. Obama threatened to veto bills terminating the Federal Housing Administration’s Short Refi and the Department of Housing and Urban Development’s Emergency Homeowner Loan Program.

The Norris Group Real Estate News Roundup 3/2/11

March 2nd, 2011

The MBA reports mortgage applications fell 6.5% last week. HUD said mortgage delinquencies declined in January. Wells Fargo predicts California economic growth will remain slow this year.

The Norris Group Real Estate News Roundup 2/8/11

February 8th, 2011

Fannie Mae and the MBA predict the housing market will begin a rebound that will last for the next two years, and Zandi predicts 4% gdp growth through 2012. IAS claims national home prices fell 0.8% during the 4th quarter of 2010.

The Norris Group Real Estate News Roundup 2/7/11

February 7th, 2011

The MBA reports $110 billion in commercial and multifamily mortgages were originated in 2010. 36,500 mortgages were modified through government and proprietary programs in December, according to Fitch Ratings. Altos Research announced plans to release a new, forward valuation model for real estate. S&P claims 80% of the loan modifications that took place over the last 3 years defaulted again within 2 years.