Today’s News Synopsis: What impact do grocery stores have on the U.S. housing market? How can you know for sure if your home is in a safe neighborhood? In the midst of the California housing crisis, more people are beginning to call their cars and RVs home. In The News:
Today’s News Synopsis: Can’t qualify for a mortgage? When should you do the necessary upgrades to your home: before or after selling? The Mortgage Bankers Association reported a 3.3% decrease in mortgage applications from last week. In The News: MarketWatch – “Americans are driving until they qualify again, and builders are
Today’s News Synopsis: How many hours do you need to work to afford your mortgage in each city? The latest Case-Shiller Index showed home price gains were only 0.1%, putting it at 5.5% higher than last year but its lowest annual increase in almost two years. In fact, California as
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’
Today’s News Synopsis: Freddie Mac just reached a settlement with Citigroup over repurchase claims in the future. In an announcement made yesterday, HUD redefined a qualified mortgage to mean a mortgage that requires periodic payments and not have terms longer than 30 years. Housing equity increased 30% year-over-year with the
Today’s News Synopsis: According to the latest S&P/Case-Shiller Index, home prices increased 12.2% and are now at their highest in 7 years. Foreclosures, on the other hand, decreased by 20% last month. The Mortgage Bankers Association reported a 7% increase in commercial and multifamily mortgage originations in the second quarter
Bruce Norris is joined again this week by Peter Fortunato. Peter has been an investor for a very long time since 1965 and loves the business. He is a libertarian, a capitalist, and he believes that transactions result from carefully conceived goals and plans followed by purposeful action and scrupulous
Bruce Norris is joined again this week by Rick Sharga. Rick is the vice-president of Carrington Mortgage Holdings and one of the country’s most frequently quoted sources on foreclosure, mortgage, and real estate trends. Rick has appeared on every major network and news show in the country, and he has
Today’s News Synopsis: Home prices grew 3.8% in July, the highest in six years. Construction on new homes, however, decreased month-over-month in July after showing gains for six months straight. Freddie Mac is helping people affected by Hurricane Isaac by offering relief policies to those affected in Louisiana and Mississippi.
This week Bruce Norris is joined by Rick Sharga. Rick is the executive vice-president at Carrington Mortgage Holdings, LLC. He is one of the nation’s most frequently quoted sources on foreclosure, mortgage, and real estate trends. He has appeared on NBC Nightly News, CNN, CBS, NBC, and just about every
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Phone: (951) 780-5856
Fax: (951) 780-9827
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