Equifax

Homeowners Have 5.5 Trillion Dollars In Tappable Equity!

Today’s News Synopsis: Home Equity Hits Record High.  The NAHB reported multifamily housing starts are expected to be in a good position this year and supposed to be 2% lower at 354,000, down from 360,000 last year.  Four trends expected to have an impact on the rental market this year are occupancy rates, population shifts, …

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TransUnion and Equifax Facing CFPB Fines for Deceptive Marketing

Today’s News Synopsis: In their latest HPI forecast, CoreLogic reported home prices increased 7.1% in November.  TransUnion and Equifax are facing fines from the CFPB for deceptive marketing.  December saw an increase in mortgage rates according to the latest report from Ten-X. In The News: Freddie Mac – “Freddie Mac Announces Final ACIS Transaction of 2016” …

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NAR Reported 18.5% Decrease in Vacation Homes Bought Last Year

Today’s News Synopsis: The Federal Open Market Committee said an increase in the federal funds rate will not happen this month as originally planned.  The National Association of Realtors released new data showing an 18.5% decrease in the number of vacation homes bought last year.  Consumer confidence is at its lowest in 18 months at …

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MBA and Freddie Mac to Provide New Partnership as Way To Provide More Benefits

  Today’s News Synopsis: Home prices in Southern California decreased last month by 0.7% month-over-month.  The NAHB reported an increase in home builder confidence, putting it at 64. In order to provide MBA members more valuable benefits, Freddie Mac and the MBA are forming a new partnership.   In The News: Los Angeles Times – “Southern …

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Mortgage Debt Being Handled More Efficiently Due to Decrease in Delinquencies and Write-Offs

    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 …

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FHA Looking for Alternative Method for Credit Scoring

          Sources: Pending home sales surge again in February Home prices dropped in January from December Freddie Mac: Mortgage rates barely move Bill would require Dodd-Frank, CFPB to be subject to 10-year review GSE reform could happen sooner than expected More than one-third of America holds no emergency savings   Today’s …

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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 7/2/13

Today’s News Synopsis: Home prices increased 12.2% in May, their highest since 2006.  Rules of reform for banking were approved by the Federal Reserve today.  As delinquencies continue to improve, home finance write-offs decreased over 23% to their lowest in five years. In The News: CNN Money – “Thousands of borrowers to get mortgage payments …

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