Center for Responsible Lending

The Norris Group Real Estate News Roundup 10/29/12

Today’s News Synopsis: The number of bank closures has reached 47 with another closure in Pennsylvania.  LPS reported profit increased 44% in the third quarter with the increase in demand for mortgage technology as well as refinancing.  Consumer spending increased 0.8% last month, double what income increased at 0.4% the same month. In The News: …

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Carolina Reid with Center for Responsible Lending #256

This week Bruce is joined once again by Carolina Reid. Carolina joined the Center for Responsible Lending in August 2011 as a senior researcher working out of the Center’s California office. Before coming to CRL, Carolina served as the research manager for the Community Development Department for the Federal Reserve Bank of San Francisco. At …

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The Norris Group Real Estate News Roundup 12/05/11

Today’s News Synopsis: According to the FHA and the latest Case-Shiller Index, home prices decreased for the third quarter.  In other news, Housing Wire reported a downgrade in JPMorgan Chase commercial mortgage securities by Fitch Ratings.  Recent data released by the Labor Department shows unemployment benefits in the last four years have cost $434 billion. In …

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The Norris Group Real Estate News Roundup 3/7/11

Results from an NAHB survey show builders expect homes to average 2,152 square feet by 2015. Lockhart, from the Atlanta Fed, expects the economy to grow up to 4% over the next 2 years. FNC Inc said over 25% of foreclosed properties liquidated in 2008 and 2009 sold at more than a 40% discount. Bank regulators are attempted to push new rules that would require lenders to offer borrowers more principal write-downs.

The Norris Group Real Estate Holiday News Roundup

In The News: Housing Wire – “Principal Real Estate Investors optimistic for economic recovery in 2011” (12-29-10) “Principal Real Estate Investors expects the Republican gains in Congress, stabilizing commercial real estate values, stronger corporate earnings, higher personal savings rates and the dynamics related to quantitative easing by the Federal Reserve will fuel economic growth in …

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