Lender Processing Services

The Norris Group Real Estate News Roundup 1/14/14

Today’s News Synopsis: The median sales prices for homes increased by 2.6% month-over-month and 22.3% year-over-year in December, although sales showed a decrease of 9.2%.  Credit lines increased while delinquencies decreased according to Black Knight Financial Services research.  $750 million worth of risk-sharing securities were recently sold by Fannie Mae, making this the largest mortgage …

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The Norris Group Real Estate News Roundup 1/3/14

Sources: GSEs Reach Foreclosure Prevention Milestone Home prices see biggest gain in eight years, but boom abating Jobless claims slip by 2,000 filings Pending Sales Numbers Indicate ‘Flattening Market’ Lenders search for Plan B HUD Awards $57 Million  to Hundreds of Public Housing Authorities to Promote Family Self-Sufficiency Bernanke: Recovery ‘remains incomplete’ Nonbank mortgage firms …

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The Norris Group Real Estate News Roundup 12/23/13

Today’s News Synopsis: The new FHFA director Mel Watts announced he will be putting the increase in Fannie and Freddie fees on hold.  Although home prices are showing increases for the moment, it is expected slow down in 2014.  The Lender Processing Services reported the loan delinquency rate increased slightly by 2.63% last month. In The …

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The Norris Group Real Estate News Roundup 12/20/13

Sources: FDIC Shutters Texas Bank Builder Confidence Rises Four Points in December CoreLogic: 791,000 underwater homes return to positive equity U.S. Housing Starts Jump to Highest Level in Five Years Report: Legal Activity on Mortgage Fraud Cases at Post-Crisis Low FHA Replenishes Fund, Expects to Meet 2% Reserve Mandate by 2015 Today’s News Synopsis: Aaron …

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The Norris Group Real Estate News Roundup 12/09/13

Today’s News Synopsis: CoreLogic reported the number of foreclosures completed in October decreased to 48,000 and were down by almost one-third year-over-year.  On the other hand, jumbo loans increased by 34%, the good majority of these being comprised of ARMs.  HUD announced new loan limits will be put into place at the very beginning of …

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The Norris Group Real Estate News Roundup 11/22/13

Sources: Builder Confidence Holds Steady in November National default rates held steady in October Existing-home sales decline on falling affordability, tighter inventory Freddie Mac: Mortgage rates reverse course JPMorgan Strikes Deal with Mortgage Investors HOPE NOW: 181K Loan Modifications for Homeowners During Q3 2o13 CFPB Finalizes ‘Know Before You Owe’ Mortgage Disclosures Fed chief nominee …

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The Norris Group Real Estate News Roundup 10/23/13

Today’s News Synopsis: Mortgage delinquencies increased slightly last month by 4.23% according to the Lender Processing Services.  The FHFA reported home prices have shown increase for 19 months straight with their recent increase of 0.3% in August.  The FHA has disputed some data on a recent CBO report, claiming some information is not accurate. In …

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The Norris Group Real Estate News Roundup 9/26/13

Today’s News Synopsis: Mortgage rates decreased again to their lowest in two months with 30-year rates now at 4.32% and 15-year rates at 3.37%.  The National Association of Realtors reported pending home sales decreased by 1.6% month-over-month in August, although year-over-year they are still 5.8% higher.  Trulia reported the housing market is two-thirds of the …

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