Mar 04, 2015

$50 Million Robo-Signing Settlement Reached with JP Morgan

  Today’s News Synopsis: The Mortgage Bankers Association reported mortgage applications increased only slightly from last week by 0.1%.  New data from the Census Bureau showed homeownership rates were at their lowest in 20 years in 2014.  JP Morgan Chase just reached a settlement of $50 million regarding robo-signing. In

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Jan 18, 2013

The Norris Group Real Estate News Roundup 1/18/13

Sources: National foreclosure inventory drops: LPS Total home sales jump 6% in 2012 Home prices up the most since 2006 Mortgage Applications Increase in Latest MBA Weekly Survey Housing Starts Up 12.1 Percent in December Freddie Mac: Average 30-year mortgage rate eases to 3.38% Mortgage Delinquencies Jump in Areas Hit

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Jun 15, 2012

Rick Sharga with of Carrington Mortgage Holdings #282

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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May 14, 2012

The Norris Group Real Estate News Roundup 5/14/12

Today’s News Synopsis: In a big news story, Ally Financial’s mortgage unit ResCap filed for bankruptcy.  With this bankruptcy, Ally Financial will focus their efforts on paying off their debt to the Treasury from a $17.2 billion bailout.  Due to the increase in foreclosures, serious delinquencies increased .5% last December

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May 10, 2012

The Norris Group Real Estate News Roundup 5/10/12

Today’s News Synopsis: Mortgage rates are at their lowest on record for the second week in a row at 3.8% for 30-year loans.  Builder confidence increased in the first quarter according to the NAHB.  Jobless claims decreased by 1,000 to 367,000 for the week ended May 5.  The lawsuit between

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Mar 12, 2012

The Norris Group Real Estate News Roundup 3/12/12

Today’s News Synopsis: In a big story, a $25 billion settlement was filed today regarding robo-signing, a settlement that could increase short sales.  Another bank closed in Illinois, bringing the total now to 13.  In an attempt to get mortgage settlers to act more quickly when settling mortgage write-downs, they

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Feb 14, 2012

The Norris Group Real Estate News Roundup 2/14/12

Today’s News Synopsis: The attorneys generals are expected to file the paperwork from the recent robo signing settlement by the end of this month according to Housing Wire.  The credit ratings for six European countries was just downgraded by Moody’s Investor Services.  In other news, the number of foreclosure sales

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Feb 09, 2012

The Norris Group Real Estate News Roundup 2/9/12

Today’s News Synopsis: A settlement has finally been reached in the recent rob-signing scandal between top mortgage servicers and 40 other states.  A recent ruling with MERS was upheld by the 10th Circuit Court of Appeals, allowing them to foreclose on loans that were part of a securitization trust.  DS

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Feb 03, 2012

Ted Boeker and Mike Novak-Smith with RE/Max #263

This week Bruce Norris is joined by Mike Novak-Smith and Ted Boecker. Mike Novak-Smith is not only one of the largest REO agents in the Inland Empire, but the nation. Mike is in the top 1% of all real estate agents nationwide and is experienced in REO, short sales, bankruptcies, asset management, and

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Feb 01, 2012

The Norris Group Real Estate News Roundup 2/1/12

Today’s News Synopsis: 170,000 jobs were added to the private sector, although job growth overall was slower for the month of January as companies were hiring fewer people.  In updated news from yesterday, the home ownership rate has decreased for 7 years straight and is now at levels that have

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