Posts Tagged ‘Standard & Poor’s’

Unemployment Claims Decrease to Lowest in 15 Years

January 29th, 2015

    Today’s News Synopsis: Mortgage rates took a turn this week by showing signs of increase with 30-year rates now at 3.66% and 15-year rates at 2.98%.  Unemployment claims decreased this past week to their lowest in 15 years at 265,000. Homeownership is at its lowest in 20 years, having decreased

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HUD Program Delayed Once Again

December 18th, 2014

  Today’s News Synopsis: Mortgage rates decreased again according to Freddie Mac with 30-year rates now at 3.8% and 15-year rates at 3.09%.  The HUD program is facing delays again after Secretary Julian Castro said funding towards the program is holding people back from owning homes.  Insurance policies totaling $155 million

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Maryland Bank Closes After Three Months of No Bank Failures

October 20th, 2014

Copyright: Image from       Today’s News Synopsis: Bill Cosgrove, who will be featured on the panel for I Survived Real Estate 2014, spoke at the MBA’s 101st Annual Convention & Expo about Dodd-Frank to the future of America’s housing.  A bank in Maryland recently closed its doors after three months of no bank

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Debate Continues Over Loosening Mortgage Credit

October 6th, 2014

    Copyright: Image from Today’s News Synopsis: Despite a decrease in average gross ROI and profit, California is still fourth on the list of states leading home flipping.  Freddie Mac saw a drop in their serious delinquency rate by 2% last August.  Different organizations, including the Federal Reserve Board and BofA Merrill Lynch Global

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Morgan Stanley Reaches Settlement Over Misrepresentation of Mortgage Bonds

July 25th, 2014

Sources: RMBS Liquidations Increase for the First Time in Almost Two Years Regulators Take Possession of Georgia Bank Previously Owned U.S. Home Sales Rise to Eight-Month High U.S. Home Prices Increased More Than Estimated in May Sales of U.S. New Homes Fell in June After Large Revision Republicans Release Report Assessing Dodd-Frank Fitch Projects Positive Economic Growth

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Pending Home Sales Increase in Latest NAR Report

June 30th, 2014

  Today’s News Synopsis: The NAHB saw a major accomplishment this week when the Supreme Court ruled the EPA cannot require pre-construction permits for greenhouse gasses emitted on multifamily and commercial homes.  According to the latest National Association of Realtors report, pending home sales increased 6.1% month-over-month but decreased 5.2% year-over-year.  In a unique

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Existing Home Sales Increase Strongly Month-Over-Month

June 23rd, 2014

  Today’s News Synopsis: Existing home sales increased by an impressive amount last month with the increase in inventory and improving prices.  Existing home sales increased 4.9% month-over-month and are now at 4.89 million.  The number of failed banks now stands at 11 with the closure of two subsidiaries of River Valley

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Zillow Reports Number of Homeowners Underwater is 9.7 Million

May 20th, 2014

  Today’s News Synopsis: Mortgage default rates decreased to 1.11%, the lowest recorded since the recession according to the latest index from Standard & Poors.  According to the latest Realty Trac report, countries with one in five homeowners underwater are inhabited by almost 1/3 of Americans.  The total number of people underwater

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The Norris Group Real Estate News Roundup 3/19/14

March 19th, 2014

Today’s News Synopsis: The Mortgage Bankers Association reported mortgage applications decreased 1.2% from last week.  New criteria for RMBS qualified and non-qualified mortgages has been finalized by Fitch.  Twenty-nine state housing finance agencies have been awarded $63.1 million by NeighborWorks America to help families and individuals in danger of foreclosure. In The

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The Norris Group Real Estate News Roundup 2/27/14

February 27th, 2014

Today’s News Synopsis: Fixed mortgage rates increased again for the fourth week in a row with 30-year rates now at 4.37%  and 15-year rates at 3.39%.  Bank of America is facing an investigation by the U.S. Attorney’s Office over their participation in the FHA’s Direct Endorsement Program.  The Treasury Department will receive $10.4

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