Today’s News Synopsis: Black Knight Financial reported a 68% increase in cash-out refis from the second quarter of 2014. Foreclosure starts increased by 7% last August due to an increase in repeat foreclosures. Fewer and fewer homes are becoming affordable in California, a negative sign for economic growth. In The News: DS …
Foreclosure Starts Increase With Rise in Repeat Foreclosures Read More »
Sources: Existing home sales stall in August Sales of U.S. New Homes Surged in August to Seven-Year High US consumer borrowing jumps $19.1 billion Existing-Home Sales Stall in August, Prices Moderate Freddie Mac: Mortgage rates decline after Fed punts on rate hike Morning Briefing: New York world’s priciest city Home equity for seniors …
More Americans Taking Money Out of Retirement for Emergencies Read More »
Today’s News Synopsis: According to both the U.S. Census Bureau and the Department of Commerce, spending on construction increased 0.1% in June. At the same time, the number of borrowers considered underwater is showing signs of decrease at at faster rate than usual. The latest report from Clear Capital showed the biggest weakness …
Mid-Tier Homes are Housing Recovery’s Achilles Heal Read More »
Today’s News Synopsis: The Mortgage Bankers Association reported a 1.5% decrease in mortgage applications from last week. Mortgage debt is being handled better due to the decrease in delinquencies and write-offs. Changes to the TILA-RESPA rule could lead to increased risk for mortgage-backed securities according to Moody’s Investors Service. The median home …
Today’s News Synopsis: Black Knight Financial Services reported a 4.7% decrease in delinquency rates, marking the first time they have gone below 5% in 8 years. Mortgage applications, on the other hand, increased 2.3% from last week. The sales of existing homes also increased substantially to their highest in 18 months with the onset …
Sales of Existing Homes Increase Substantially in Wake of Spring Buying Season Read More »
Today’s News Synopsis: Cash sales for home decreased year-over-year in December by about 3% from 38.5% in 2013 to 35.5% in 2014. Mortgage premiums paid through the FHA have totaled up to $12,000 and higher. Repeat foreclosure starts are at their highest in 12 months according to the latest data from Black Knight …
Cash Sales See Almost 3% Decrease in December 2014 Read More »
Today’s News Synopsis: Tonight is the night for the Norris Group’s annual event I Survived Real Estate 2014! The video this week highlights the events main speakers, our sponsors for the event, and thanks everyone for their help and support. New U.S. home sales increased last month, although not by much …
Today’s News Synopsis: Mortgage rates decreased slightly after being at high numbers for four months; 30-year rates now stand at 4.2% and 15-year rates 3.36%. Negative equity decreased in the second quarter to almost single-digits while borrower equity increased by $1 trillion. The median price for distressed homes increased in August both …
Negative Equity Decreases to Almost Single-Digits Read More »
Today’s News Synopsis: Home prices saw a 7.4% increase this past July, a 1.2% increase month-over-month although its slowest growth overall in 21 months. HUD released its latest report showing they have sold $15.8 billion in nonperforming loans over the last four years, leading to a decrease in foreclosures and insurance losses. …
Today’s News Synopsis: Black Knight Financial Services just announced that the majority of foreclosures that still exist are in judicial states, roughly 3/4 of the foreclosure market in the county. In addition, a new foreclosure was passed in Connecticut that will speed up the foreclosure process and and cut down on the amount of …
75% of US Foreclosure Market Composed of Judicial States Read More »