Carrington Mortgage Services

The Norris Group Real Estate News Roundup 3/24/14

Today’s News Synopsis: A new report from RealtyTrac showed 96% of housing markets have shown improvement since the foreclosure peak in 2010. First mortgages showed a 2.8% increasing, putting the total now to $7.97 trillion and mortgage debt at its highest in 6 years.  The latest monthly update from the American Enterprise Institute’s International Center …

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The Norris Group Real Estate News Roundup 7/29/13

Today’s News Synopsis: Pending home sales decreased 0.4% last month with the increase in mortgage rates.  The FHFA announced that by the end of this year they hope to use risk-sharing transactions to return private capital to the mortgage finance system.  According to the latest Lender Processing Services report, home prices saw a 1.3% increase, …

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The Norris Group Real Estate News Roundup 3/12/13

Today’s News Synopsis: The number of layoffs for the month of January deceased 4.0% to 1,507,000, the lowest on record.  Richard Cordray is going through an intense confirmation hearing to decide his future with the Consumer Financial Protection Bureau.  In an agreement reached by Ally Bank and Ocwen Financial, Ally will be selling a portfolio …

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The Norris Group Real Estate News Roundup 2/5/13

Today’s News Synopsis: CoreLogic reported national home prices increased in December for the tenth month in a row to their highest in almost seven years.  Clear Capital also reported home prices increased 5.4% year-over-year in January.  Trulia reported rents increased 4.1% last month, although the rate of increase was slower with the increase in multifamily …

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The Norris Group Real Estate News Roundup 1/15/13

Today’s News Synopsis: CoreLogic reported homes prices increased 7.4% last November to their highest in seven years.  An $8.5 billion foreclosure settlement with JP Morgan Chase has finally come to an end, but with it came the layoff of 839 employees.  The housing market is recovering faster than anyone originally thought, leading to many homeowners …

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The Norris Group Real Estate News Roundup 1/9/13

Today’s News Synopsis: The Mortgage Bankers Association reported mortgage applications increased 11.7% from last week.  2012 was a record year for housing affordability according to the National Association of Realtors.  Attorney General Eric Schneiderman is filing another suit against JPMorgan Chase for faulty mortgage-backed securities, although the bank is pushing to have it dismissed. In …

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The Norris Group Real Estate News Roundup 11/1/11

Today’s News Synopsis: In a big news story, 14 mortgage servicers are undergoing reviews of their foreclosure processes as reuired by consent orders they signed.  Pending home sales fell another 4.6% last week according to the Realty Times.  Allied Home Mortgage Capital is facing a lawsuit by federal officials for claims of fraud.  The Commerce …

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