Integrated Asset Services

The Norris Group Real Estate News Roundup 11/10/11

Sources: Past-Due Mortgages Up for First Time Since 2009: Report Poll: 42% want less government in housing Foreclosure Filings Rise 7% Senate wants changes to Fannie, Freddie executive pay Fannie Mae Requests $7.8B From Taxpayers to Cover Q3 Deficit California Home Prices and Home Values: Zillow Home Value Index Home Prices Decline in Almost Three-Fourths of U.S. …

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The Norris Group Real Estate News Roundup 11/8/11

Today’s News Synopsis: The percentage of homowners who are underwater has increased to 28.6% according to the latest Zillow report.  Home prices increased 4% in the third quarter despite the value of houses decreasing slightly from the previous quarter.  DS News reported overdue mortgages increased for the first time in almost two years. In The …

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The Norris Group Real Estate News Roundup 8/10/10

The new FHA short refinancing program will provide additional refinancing options to underwater homeowners starting Sept. 7. According to Integrated Asset Services, nationwide home prices increased 1.1% in the second quarter. Zillow reports California’s current rate on 30-year mortgages is 4.34%. CoreLogic estimates that short sales in Arizona, California, Florida and Texas will cost lenders $310m in unnecessary losses in 2010.

The Norris Group Real Estate News Roundup 6/8/10

A survey from the NFCC shows that only 23 percent of Americans consider strategic default to be acceptable when underwater on a mortgage. Startingtoday, Real Estate Disposition is auctioning more than 350 bank-owned foreclosures in California. According to IAS, national home prices were up 0.9% in April from March. An executive from RealtyTrac believes U.S. foreclosure activity will not stabilize until late 2011.

The Norris Group Real Estate News Roundup 10/13/09

Fitch reports that 60 percent of borrowers from 06 to 07 have negative equity and owe more than their homes are worth. Interthinx’s Mortgage Fraud Index estimates that fraud decreased by 4 percent from Q1 to Q2 of 2009, but increased by 7 percent from Q2 of 2008. Statistics from MDA DataQuick show that Southern California home sales increased by 5 percent from October of 2008.