Jul 26, 2017

Millennials Believe Technology Makes the Real Estate Investment Process Easier

Today’s News Synopsis: What is spurring Millennial home ownership?  According to Forbes, it’s real estate investing.  Despite previous plans to increase interest rates again this month, the Federal Reserve has decided to postpone it once again.  The Mortgage Bankers Association reported mortgage applications increased 0.4% from last week. In The

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Feb 21, 2017

Default Rates for Bank Cards at Highest in Almost 4 Years According to Latest S & P/Dow Jones Indices

Today’s News Synopsis: The latest S & P and Dow Jones Indices showed default rates for bank cards were at their highest in almost 4 years in January, up three basis points from 0.92%.  Several holders of hedge funds were unsuccessful in their attempt to have a ruling overturned that

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Jul 14, 2015

Gap Between Home Value Opinions Continues to Widen Between Appraisers and Homeowners

  Today’s News Synopsis:   Foreclosures of all kinds have decreased as much as over 20%, down into double-digits.  The gap between opinions on home values of appraisers and homeowners continues to widen.  More and more consumers have a more positive outlook on the economy while also continuing to remain

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Mar 17, 2015

1.2 Million Homeowners Came Out of Negative Equity in 2014

    Today’s News Synopsis: Commercial/Multifamily Mortgage Debt by 1.9% ($48.9 billion) to $2.64 trillion, the fastest growth rate in 8 years.  Home prices in Southern California increased by about 8.4% month-over-month, while home sales decreased by 2.7% month-over-month.  CoreLogic reported 1.2 million homeowners came out negative equity in 2014. In

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Aug 27, 2014

Homes in California Are the Least Affordable Despite Rising Home Prices

      Today’s News Synopsis: The Mortgage Bankers Association reported a 2.8% increase in mortgage applications from last week in their latest Mortgage Applications Survey.  Foreclosures decreased 34.4% year-over-year and stands at 640,000 compared to 976,000 last year.  Homes in California, specifically Los Angeles and Orange County, are the

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Jul 22, 2014

Total Bank Failures Now at 13 with Closing of Georgia Bank

  Today’s News Synopsis: The total number of failed banks this year is now at 13 with the recent closure of Conyers-based Eastside Commercial Bank in Georgia.  Existing home sales increased 2.6% month-over-month and now stand at 5.04 million.  Home prices increased 0.4% month-over-month in May, exceeding expectations. In The News:

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Jun 25, 2014

HARP Refinancing to be Heavily Promoted by GSE Regulators

  Today’s News Synopsis: The Mortgage Bankers Association reported a 1% decrease in mortgage applications from last week.  GDP decreased in the first quarter by 2.9%, which was actually below expectations from analysts. HARP Refinancing is expected to be heavily pushed for again by the regulator for Fannie Mae and

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Jun 02, 2014

JPMorgan Accused of Selling Risky Loans to Minorities

  Today’s News Synopsis: Another bank was closed by the FDIC in Maryland, bringing the total for this year now to 9.  Construction on both private and residential homes was below expectations last month, having only increased 0.2% instead of 0.7%.  JPMorgan is facing accusations by the city of Los

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May 13, 2014

Consumers Granted Easier Access to Loans with New FHA and GSE Plan

  Today’s News Synopsis: The FHA and GSEs are coming up with a new way for consumers to have easier access to mortgage credit and to Fannie and Freddie loans.  Housing affordability increased in the first quarter with 65.5% of new and existing homes being affordable compared to 64.7% in

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Apr 16, 2014

B of A’s Earnings Down Due to Legal Woes

Today’s News Synopsis: Housing starts increased slightly by 2.8% last month, increasing to 946,000 units from 920,000.  Mortgage applications increased again by 4.3% from last week.  First quarter earnings for Bank of America were low due to an increase in legal expenses. In The News: DS News – “Bank of America

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