delinquencies

How Will They Impact Investors and Agents?

Today’s News Synopsis: 11 Upcoming Real Estate trends.  New home sales continued to remain steady in September, having decreased only 0.7% to 701,000 units.  Freddie Mac reported mortgage rates increased this past week with 30-year rates now at 3.75% and 15-year rates at 3.18%. In The News: Freddie Mac – “Mortgage Rates Rise” (10-24-2019) “Freddie Mac (OTCQB: …

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Does the Appraisal Industry Need to Adapt?

Today’s News Synopsis: HUD announces assistance for Hurricane Harvey victims.  Appraisers respond to Fannie and Freddie “appraisal free mortgage product.”  A recent survey from the National Association of Realtors found that 62% of sellers’ agents believe staging a home helps it stay less time on the market as well as increases the selling price. In …

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The Impact On Buying and Selling When Kids Are Involved

Today’s News Synopsis: What does it mean when “you’re moving with kids.”  The National Association of Realtors reported a 1.3% decrease in existing-home sales last month.  A judge in Illinois ruled in favor of keeping Zillow’s zestimates after homeowners tried to sue to have it taken away. In The News: National Association – “Existing-Home Sales Slide …

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MBA Reported Increase in Delinquencies on Mortgages in Fourth Quarter

Today’s News Synopsis: The Mortgage Bankers Association reported a 3.7% decrease in mortgage applications from last week.  They also reported an increase in delinquencies in the fourth quarter, putting them now at 4.8%.  NAHB reported builder confidence decreased slightly to 65 but continues to remain stable. In The News: Mortgage Bankers Association – “Mortgage Applications Decrease …

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Trulia Reports 14% Increase in Foreign Investors Wanting to Buy in U.S.

Today’s News Synopsis: The latest date from Black Knight Financial Services showed delinquency rates for HELOCs increased drastically in two of the past six months, one being the biggest increase in 4 years.  The latest survey from the Federal Reserve Bank of New York showed more people prefer to buy a home as opposed to …

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Job Openings for Construction Jobs That Remain Open at All-Time High

Today’s News Synopsis:   Freddie Mac reported 30-year mortgage rates, which now stand at 3.57%, are at their lowest since 2013 while 15-year rates stand at 2.81%.  The latest National Delinquency Survey from the Mortgage Bankers Association showed delinquency rates remain relatively the same while foreclosures are continuing to decrease.  Job openings for construction jobs …

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Mel Watt Speaks on Less GSE Conservatortorship and More Finance Reform

Today’s News Synopsis:   The Mortgage Bankers Association reported a decrease down to 4.77% for mortgage delinquencies while foreclosure loans went down two basis points to 0.36%.  Speaking of mortgages, Freddie Mac reported rates have remained relatively constant with 30-year rates at 3.65% and 15-year rates at 2.95%.  Mel Watt, the director of the FHFA, …

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The Norris Group Real Estate News Roundup 8/27/13

Today’s News Synopsis: Home prices continue to show signs of increase according to the latest S&P/Case-Shiller Index.  Prices increased by 12.1% in 20 of the largest cities in the nation in June.  Home sales also increased last month by 3% month-over-month and 17.6% year-over-year.  In the meantime, mortgage delinquencies are continuing to show signs of …

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