Barney Frank

Julián Castro to speak before he House Financial Services Committee on the FHA Budget

    Today’s News Synopsis: Consumer optimism is showing signs of improvement according to the latest Fannie Mae Housing Survey, with 67% saying now is a good time to buy and 44% saying now is a good time to sell.   Julián Castro, secretary of HUD, will be testifying before the House Financial Services Committee on Wednesday …

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John Karevoll

John Karevoll of DataQuick Joins Bruce Norris on the Real Estate Radio Show #322

Bruce Norris is joined this week by John Karevoll. John was born in Minneapolis in 1951. His family moved to Norway where he was raised, educated, and married. He worked as a journalist in Oslo for ten years and joined a Scandinavian business publication in New York in 1983. In 1987 he was pulled into …

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The Norris Group Real Estate News Roundup 2/6/12

Today’s News Synopsis: According to the latest report from the U.S. Commerce Department, sales of pending existing homes increased while at the same time sales of new homes decreased all in the month of December.  According to Housing Wire, commercial and multifamily loan origination increased 13% in the fourth quarter of 2011.  NAHB reported the …

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The Norris Group Real Estate News Roundup 3/31/11

The Office of Thrift Supervision reports serious delinquencies decreases in the 4th quarter of 2010. Riverside was pronounced to be the most likely city to experience further economic trouble. Commercial and multifamily mortgage originations increased 88% in the last few months of 2010. Fannie Mae’s mortgage portfolio decreased by 15% in February.

The Norris Group Real Estate News Roundup 6/29/10

Standard & Poor claims U.S. home prices rose 0.8 percent in April. According to the MBA, independent mortgage bankers and subsidiaries made an average profit of $1,135 on each loan they originated in 2009. Congress is still debating over legislation that would eliminate the HVCC in 90 days if passed. The House voted 409-5 to extend the closing deadline for the tax credit to Sept. 30.

The Norris Group Real Estate News Roundup 6/28/10

Statistics from the Federal Reserve show the median borrower who ‘strategically’ defaults doesn’t walk away from the mortgage until the amount owed exceeds the value of the home by 62%.McGraw-Hill Construction reports new construction starts increased 3% in April. According to CoreLogic, more than 11 million borrowers currently owe more on their mortgage than it is worth. Experian statistics show that 19 percent of all defaults in 2009 were strategic.

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