Today’s News Synopsis: Buying and selling a home could soon be as easy as trading stocks. The Mortgage Bankers Association reported a 2% increase in mortgage applications from last week. Mortgage fraud risk decreased by 11.4% year-over-year in the second quarter according to CoreLogic. In The News: Mortgage Bankers Association –
Today’s News Synopsis: How much do you need to make to live in these cities? More and more people are lying about their income in order to qualify for loans, leading to an increase in mortgage fraud. Noticing a lot of scooters around your hometown? Well, that’s the new electric
Today’s News Synopsis: Tops spots for Gen Z home buyers. Mortgage rates increased for the third week in a row with 30-year rates now at 4.6% and 15-year rates at 4.06%. Home loan originations decreased to their lowest in four years in the second quarter, down 16% from the previous
Today’s News Synopsis: What is the craziest thing you’ve ever found in a new home? You might be surprised what some people find. HUD and the Commerce Department reported a 0.8% decrease in housing starts across the nation. Out of all the voters in L.A., over half of them want
Today’s News Synopsis: The Federal Open Market Committee said an increase in the federal funds rate will not happen this month as originally planned. The National Association of Realtors released new data showing an 18.5% decrease in the number of vacation homes bought last year. Consumer confidence is at its
Today’s News Synopsis: CoreLogic reported an increase in home prices by 7.4% year-over-year in December. Mortgage originations increased 27% quarter-over-quarter for both commercial and multifamily properties. Mortgage fraud decreased last year by 2% quarter-over-quarter and 9% year-over-year according to Interthinx. In The News: Mortgage Bankers Association – “2014 Q4
Today’s News Synopsis: Negative equity showed signs of decrease this week as the number of borrowers in this category decreased to below 20%. According to the Mortgage Bankers Association, mortgage applications increased 5% from last week. California is in the lead for the state with the greatest mortgage fraud risk.
Today’s News Synopsis: In a big news story, housing starts increased 7% last month, exceeding expectations. The 2014 fiscal budget showed a potential taxpayer bailout totaling $943 million to cover losses from bad loans. The recent S & P Dow Jones Indeces showed mortgage default rates decreased again in March
Bruce Norris is joined this week by David Kittle. David is the senior director of industry relations for IMARC, a fraud investigation company located in Santa Ana. He manages IMARC’s Washington D.C. office. He is the past chairman of MBA’s political action committee and former vice-chairman of MBA’s residential board
Today’s News Synopsis: Freddie Mac reported mortgage rates showed little change this week, showing the rate of change now at levels below normal. 30-year rates remain unchanged at 3.53% and 15-year rates at 2.77%. Consumer confidence is increasing, and more consumers are showing a more positive outlook on the economy
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Phone: (951) 780-5856
Fax: (951) 780-9827
Location: 1845 Chicago Avenue, Ste. C Riverside, CA 92507
