FHA

Leslie Appleton-Young

Leslie Appleton-Young of CAR Joins Bruce Norris on the Norris Group Real Estate Radio Show #532

Bruce Norris is joined this week by Leslie Appleton-Young. She is the vice-president and Chief Economist of the California Association of Realtors, a statewide trade organization with over 200,000 members dedicated to the advancement of professionalism in real estate. Leslie directs the activities of the association’s member information group. She oversees the analysis of the …

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Tom Salomone

The State of Being a Realtor with Tom Salomone with the National Association of Realtors #502

On Friday, October 21, the Norris Group proudly presents its 9th annual award-winning black tie event I Survived Real Estate. An incredible lineup of industry experts will join Bruce Norris to discuss perplexing industry trends, head-scratching legislation and opportunities emerging for real estate professionals. Proceeds for the event benefit Make a Wish and St. Jude …

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Ray Brewer HUD

HUD and FHA Loans with Ray Brewer HUD Field Office Director #493

Bruce Norris is joined this week by Ray Brewer. Ray is currently the field office director for the U.S. Department of Housing and Urban Development in L.A. He has been serving in this capacity since June 2009, consisting of more than 200 employees. The HUD LA office is the largest field office in the nation. …

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Freddie Mac Reports Strong Decrease in Mortgages Rates With Recent Brexit News

Today’s News Synopsis: Freddie Mac reported a strong decrease in mortgage rates in the wake of the Brexit news with 30-year rates now at 3.48% and 15-year rates at 2.78%.  Construction on hotels is the highest in the U.S. above all other countries at 4,471 planned projects.  Congress announced they will be authorizing a new …

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Latest Home Value Forecast Shows Increasing Gap Between Hot and Cold Markets

Today’s News Synopsis: Republicans are planning on announcing a new plan to bring major reform for Dodd-Frank, which would include replacing both the act itself and many of its financial reforms.  The latest Case-Shiller Index shows home prices increased 5.4% across the nation and 5.1% in the top 10 metropolitan areas, revealing prices to be …

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CoreLogic Reports Drop in Distressed Home Sales

Today’s News Synopsis:   Interest rates for Fannie Mae and Freddie Mac mortgage modifications are expected to be lowered again to 3.624%, their lowest on record.  CoreLogic reported a drop in distressed home sales by 0.4% month-over-month and 2.9% year-over-year in February.  In an interesting story, the housing market is beginning to balance out with …

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Wells Fargo Required to Pay $1.2 Billion In the Largest Settlement in FHA History

Today’s News Synopsis:   Wells Fargo is required to pay $1.2 billion, the largest settlement in the history of the FHA, to cover the costs of bad loans that went undisclosed.  Another bank, Goldman Sachs, is also required to pay to cover the cost of toxic mortgage bonds in a $5 billion settlement.  The Mortgage …

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Five Cities Could Potentially Be in Housing Bubble; Riverside Included

Today’s News Synopsis:   Due to overvalued stock and drastically increasing home prices in certain cities, there is a possibility these cities may be in a housing bubble: Reno, Nevada, Bend, Oregon, Boise, Idaho, Austin Texas, and Riverside, California.  Existing-home sales increased by 0.4% to 5.47 million, their highest in nine years.  Bank of America …

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