California Real Estate Investing News

Posts Tagged ‘mortgage payments’

Actors Brad Pitt, Christian Bale, and Ryan Gosling to Star in Movie Based on Housing Crash

Tuesday, February 17th, 2015

 

Today’s News Synopsis:

In a a unique news story, actors Brad Pitt, Christian Bale and Ryan Gosling are set to begin filming a new movie based off the book “The Big Short: Inside the Doomsday Machine,” which focuses on the housing crash and financial crisis.   The NAHB reported a decrease in builder confidence this month with confidence falling two points and now standing at 55.  Lenders in New York may be required to keep up with zombie homes if the tenants are not ordered out by a judge.

In The News:

DS News“Economist: Leverage Plays Major Role in Driving Foreclosures” (2-16-15)

“With the nation’s homeownership rates similar to those of 50 years ago, the foreclosure rate is significantly higher compared to the early 1960s. The main reason for the increase in foreclosure risk while the homeownership rate remains little changed is leverage, according to CoreLogic chief economist Sam Khater.”

Housing Wire“Proposed overtime exemption change hurt mortgage loan originators” (2-17-15)

“The White House is moving ahead with plans to require overtime pay protections to lower-salaried managers who don’t qualify for them currently, and it could have a direct, deleterious impact on the mortgage lending space.”

Mortgage Professional America“Lenders could be forced to keep up zombie homes” (2-17-15)

“Lenders in New York could be in for a shock if new legislation passes requiring them to maintain zombie homes or allow the troubled borrowers to stay in the house until ordered out by a judge.”

NAHB“Builder Confidence Slightly Lower in February on Harsh Weather Conditions” (2-17-15)

“Builder confidence in the market for newly built, single-family homes in February fell two points to a level of 55 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released today.”

Housing Wire“Household debt rising as student loan delinquencies increase” (2-17-15)

“Outstanding household debt increased $117 billion from the third quarter, according to the fourth quarter 2014 Household Debt and Credit Report from the Federal Reserve Bank of New York.”

OC Housing News“Lender offers FHA loans with no FICO score requirement” (2-17-15)

“Many have quipped that FHA has become the replacement for subprime because they have very low standards for qualification, a very low down payment requirement (currently 3.5%), and as a result, they have become the loan-of-necessity for anyone who doesn’t have the credit requirements or the down payment necessary to obtain other financing.”

Mortgage Professional America“What do Brad Pitt, Christian Bale and Ryan Gosling have to do with the mortgage industry?” (2-17-15)

“A movie adaptation of the 2010 best-selling book “The Big Short: Inside the Doomsday Machine” is reportedly about to start filming in New Orleans with some Hollywood A-listers.  The book, written by Michael Lewis, tells the story of the housing crash and the financial crisis, including the world of real estate derivatives and sub-prime mortgages.”

DS News“Mortgage Default Index Remains Unchanged; Composite Measure Inches Upward” (2-17-15)

“The nation’s first mortgage default index stayed flat in January while the national composite credit default index rose slightly for the sixth straight month, according to the S&P Dow Jones Indices and S&P/Experian Consumer Credit Default Indices for January 2015 released Tuesday.”

Housing Wire“It’s official: Zillow now owns Trulia” (2-17-15)

“It’s finally official. After months of speculation, investigation, and consternation, Zillow (Z) and Trulia (TRLA) are now one and the same. Zillow’s acquisition of Trulia is complete.”

 

Bruce Norris of The Norris Group will be speaking at AOA San Diego presenting How to create a $100,000 Payday Per Deal in 2015 on Thursday, February 19.

Bruce Norris of The Norris Group will be presenting the  2015 Annual TNG Subscriber Investor Brunch on Saturday, February 21.

Bruce Norris of The Norris Group will be speaking at AOA Anaheim presenting How to create a $100,000 Payday Per Deal in 2015 on Tuesday, February 24.

 

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 6pm on Saturdays or you can listen to over 170 podcasts in our free investor radio archive.

Copyright: Image from www.flickr.com/photos/75348994@N00/

The Norris Group Real Estate News Roundup 5/31/11

Tuesday, May 31st, 2011

Today’s News Synopsis:

S&P claims home prices fell 5.1% year over year. Freddie will allow servicers to reduce or suspend mortgage payments for up to 12 months for borrowers in disaster areas. AOL Real Estate is becoming one of the most popular real estate websites.

In The News:

CNN “Home prices: ‘Double-dip’ confirmed” (5-31-11)

“Home prices hit another new low in the first quarter, down 5.1% from a year ago to levels not reached since 2002.”

Bloomberg “Rising Housing Rents Risk U.S. Inflation” (5-31-11)

“For all the attention given to almost $4-a-gallon gas, the biggest threat to containing U.S. inflation may be the shift away from homeownership, which is pushing up the cost of leases across the nation’s 38 million rented residences. Shelter represents about 40 percent of the consumer price index excluding food and energy and accounted for almost one quarter of the 1.3 percentage point rise in April.”

Housing Wire“Freddie Mac offers mortgage relief to Midwest storm victims” (5-31-11)

“For borrowers living where President Obama declares major disaster areas, Freddie will give servicers the ability to reduce or suspend mortgage payments for up to 12 months. Each case will be individually evaluated.”

Housing Wire“Economists predict no immediate end to government debt purchases” (5-31-11)

“Economist Roger Meiners, a professor with the University of Texas at Arlington, says the day of reckoning has already come in a sense and some economists believe the government will have to continue buying debt regardless of whether or not it is referred to as quantitative easing. Several market observers say they expect a third round of government debt purchases.”

Orange County Register“L.A./O.C. home prices down 8th straight month” (5-31-11)

“L.A./O.C. prices were down 0.29% from February to March after falling 0.96% the previous month. March’s dip was the smallest decline since September. L.A./O.C. prices were down — on a year-to-year basis – 1.66% in March. It was the fourth consecutive year-over-year drop but down from the 2.07% annual rate of decline seen in February.”

Inman “Top 10 real estate websites in April” (5-31-11)

“After rising from 16th to eighth position to break into the Hitwise top 10 in March, AOL Real Estate continued to boost its audience in April, rising to fifth place with a 2.91 percent market share in the real estate category, Hitwise said.”

Realty Times“10 Reasons to Sell” (5-31-11)

“Risk of Foreclosure. This is listed as number one because around one-third of all sales in today’s current market are distressed properties. Many homeowners find themselves in mortgages they cannot afford, whether due to job loss or to rising monthly payments. It is far better for their credit score to sell or short sale before they are foreclosed upon.”

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 6pm on Saturdays or you can listen to over 170 podcasts in our free investor radio archive.