LPS

The Norris Group Real Estate News Roundup 4/27/12

Sources: FHFA: Home prices rise 0.3% in February Steepest Drop in 13 Months for New Home Sales in March Pending Sales of U.S. Existing Homes Increased 4.1% in March Survey: High Share of Distressed Properties Keeps Prices Down LPS: Mortgage delinquency rate falls 8.8% in March Mortgage payments at lowest level in decades 54 Percent …

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The Norris Group Real Estate News Roundup 5/3/11

The federal government claims Deutsche Bank commited mortgage fraud, and is suing the bank. LPS said 500,000 borrowers became current on their loans in the first quarter. Michael Fratantoni of the MBA predicts a full housing recovery is 3 to 4 years away. The combined sales of all broker-run transactions fell $226 million year over year.

The Norris Group Real Estate News Roundup 2/18/11

The Federal Reserve will require borrowers who get their mortgages through a broker to receive the lowest possible interest rate. LPS claims the national delinquency rate increased to 8.9% in January. A lawyer was held in contempt of court for helping his clients break back into their house after the foreclosure was ruled legitimate. RadarLogic said national home prices decreased 1.6% in December.

The Norris Group Real Estate Holiday News Roundup

In The News: Housing Wire – “Principal Real Estate Investors optimistic for economic recovery in 2011” (12-29-10) “Principal Real Estate Investors expects the Republican gains in Congress, stabilizing commercial real estate values, stronger corporate earnings, higher personal savings rates and the dynamics related to quantitative easing by the Federal Reserve will fuel economic growth in …

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The Norris Group Real Estate News Roundup 12/16/10

6,111 new and resale houses and condos were sold in the Bay Area last month, according to MDA DataQuick. Freddie Mac reports the 30-year mortgage rate has rose again to 4.83%. Statistics from CoreLogic show home prices declined 3.93% in October from July. Three members of congress introduced a bill which may put an end to the use of MERS by GSEs.