reverse mortgages

With So Many Working From Home, How Many Will Stay There?

Today’s News Synopsis: It’s the end of the office as we know it.  New home purchase mortgage applications increased by 21.2% for the month of March.  How are American’s planning on spending their coronavirus relief checks? In The News: HousingWire – “Reverse mortgages get second look amid coronavirus chaos” (4-14-2020) “At a time when the stock …

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I Survived Real Estate 2016

I Survived Real Estate 2016 Part 7 #516

On Friday, October 21, the Norris Group proudly presents its 9th annual award-winning black tie event, I Survived Real Estate. An incredible lineup of industry experts will join Bruce Norris to discuss perplexing industry trends, head-scratching legislation and opportunities emerging for real estate professionals. Proceeds for the event benefit Make a Wish and St. Jude …

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Latest Home Value Forecast Shows Increasing Gap Between Hot and Cold Markets

Today’s News Synopsis: Republicans are planning on announcing a new plan to bring major reform for Dodd-Frank, which would include replacing both the act itself and many of its financial reforms.  The latest Case-Shiller Index shows home prices increased 5.4% across the nation and 5.1% in the top 10 metropolitan areas, revealing prices to be …

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Department Of Justice Cannot Use Funds for Disparate Impact Claims According to New Bill

    Today’s News Synopsis:   Freddie Mac reported mortgage rates continue to be high for the year with 30-year rates at 3.87% and 15-year rates at 3.08%.  At the same time, the average down payment decreased to its lowest in three years according to RealtyTrac, coming in at 14.8% of the purchase price.  The …

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80% of Lenders Will Not Pursue Non-QM Loans According to Fannie Mae

      Today’s News Synopsis: New home purchase applications increased last month by 2% according to a recent survey released by the Mortgage Bankers Association.  Foreclosures also increased 2% month-over-month in July, although year-over-year they are down 16%.  Fannie Mae believes 80% of lenders will not be pursuing non-QM loans as they said the …

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