debt

Americans Over 70 Have Seen An Increase of 543% in the Last 20 Years

Today’s News Synopsis: Debt among oldest Americans skyrockets.  The Mortgage Bankers Association reported mortgage application increased 1.5% from last week.  New home sales increased by 7.9% to their highest level in January, putting them now at 764,000. In The News: Realtor.com – “7 Architectural Elements You Should Never Touch During a Renovation” (2-26-2020) “Older homes have plenty …

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John Mauldin with Millennium Wave Investments #368

Bruce Norris is joined this week by John Mauldin. John is one of Bruce’s favorite authors and the chairman of Mauldin Economics, an economic and investment strategy research firm. He is also the president of Millennium Wave Investments. John is a renowned financial expert and New York Times best-selling author. He is a pioneering online commentator …

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The Norris Group Real Estate News Roundup 3/17/11

Statistics from the MBA show outstanding commercial/multifamily mortgage debt fell by 0.5% in the 4th quarter of 2010. FHA mortgage delinquencies decreased about 7% year over year. According to MDA DataQuick, 4,991 new and resale houses and condos sold in the Bay Area during February. Also, 27,320 new and resale houses and condos were sold statewide last month.

The Norris Group Real Estate News Roundup 2/3/11

Freddie Mac reports the average rate for 30-year mortgages increased to 4.81%. The Labor Department said jobless claims declined last week. Freddie Mac funded $15 billion worth of multifamily transactions through its multifamily whole loan and bond guarantee business in 2010. The Treasury Department expects the government to hit the $14.29 trillion debt limit before June.

The Norris Group Real Estate News Roundup 1/6/11

According to Freddie Mac, rates on 30-year FRMs fell to 4.77% this week. Altos Research reports home prices fell 1.63% in December. Timothy Geithner requested from Congress to increase the national debt limit. The current debt limit is $14.29 trillion, and the nation’s current debt level is just $335 billion short of the limit.

The Norris Group Real Estate News Roundup 1/3/11

Tom Wind of J.I. Kislak Mortgage expects refinancing activity to drop by nearly 66% in 2011. Moody’s Investor Service forecasts lower supply and higher demand for rental apartments in 2011. The 50 state attorneys general probing U.S. foreclosure practices will first settle with Bank of America, JPMorgan Chase, Wells Fargo, Citigroup and Ally Financial. Rick Sharga believes foreclosure activity will improve in Orange County during 2011.

The Norris Group Real Estate News Roundup 12/14/10

In The News: Mortgage Bankers Association – “MBA Study Shows Mortgage Banker Production Profits Improved with Higher Refinancing Activity in Third Quarter 2010” (12-14-10) “Independent mortgage banks and subsidiaries made an average profit of $1,423 on each loan they originated in the third quarter of 2010, up from $917 per loan in the second quarter …

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