OUR NEWS

Dec 06, 2018

Not An Easy Task

Today’s News Synopsis: 10 Things you need to know when buying a “Hoarder House.”  Freddie Mac reported mortgage rates dropped for the first time in weeks with 30-year rates now at 4.75% and 15-year rates at 4.21%.  Home flips decreased 12% in the third quarter to their lowest in 3.5

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Sep 21, 2017

Attom Data: Homes in Higher Risk Areas Have More Equity and Longer Tenures.

Today’s News Synopsis: Home prices are rising faster in high natural disaster risk areas.  According to the latest home equity analysis from CoreLogic, the number of homes with a mortgage that is still in negative equity is 2.8 million.  The Federal Reserve has plans to start shrinking their bond portfolio

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Dec 15, 2015

NAHB Reports One Point Decrease in Builder Confidence

Today’s News Synopsis:   The Mortgage Bankers Association reported a 1.4% increase in commercial/multifamily mortgage debt by commercial banks.  The NAHB reported a one point decrease in builder confidence, putting it now at 61.  A new rule was recently proposed by the FHFA that would require mortgages be offered by

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Sep 03, 2015

Time Allowed for Foreclosure Proceedings Extended By Fannie Mae in 33 States

  Today’s News Synopsis:   With the increase in mortgage lending, organizations not associated with banks are having more regulations placed on them, both consumer and financial.  The amount of time a foreclosure can be completed was just extended by Fannie Mae in 33 states.  The amount of mortgage credit

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Jun 12, 2015

4 Million Borrowers In Danger of being Underwater

      Sources: CoreLogic: Distressed sales accounted for 12% of home sales in March 2015 Completed Foreclosures Decline But Remain at Double Pre-Recession Levels Four Metro Areas Account For 10 Percent of Nation’s Completed Foreclosures Mortgage Applications Increase in Latest MBA Weekly Survey Applications for New Home Purchases Decreased

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Jun 12, 2013

The Norris Group Real Estate News Roundup 6/12/13

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.

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Jan 31, 2013

The Norris Group Real Estate News Roundup 1/31/13

Today’s News Synopsis: Freddie Mac reported mortgage rates increased for the second week in a row, with 30-year rates now at 3.353%, their highest in four months.  The Lender Processing Services reported trends in delinquencies, which increased 0.7% month-over-month in December, foreclosure starts up from 4.8%, and negative equity.  The

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Sep 12, 2012

The Norris Group Real Estate News Roundup 9/12/12

Today’s News Synopsis: In a big news story, CoreLogic reported increasing home prices are bringing more and more underwater borrowers out of debt.  Mortgage applications increased last week by 11.1% according to the Mortgage Bankers Association.  The Federal Housing Administration Fiscal Solvency Act was passed by the House, a bill

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