Standard & Poor’s

The Norris Group Real Estate News Roundup 1/2/14

Today’s News Synopsis: Freddie Mac reported mortgage rates increased again with 30-year rates now at 4.53% and 15-year rates at 3.55%.  Six RMBS lawsuits against major banks totaling $8 billion have been resolved, although there are still 12 more left.  Consumer confidence increased last month to 78.1 according to the latest Consumer Confidence Index. In …

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The Norris Group Real Estate News Roundup 9/24/13

Today’s News Synopsis: Several large banks are facing a lawsuit on terms that they lead to the failure of two credit unions by selling them faulty mortgages.  Home prices increased in July by 1.9% month-over-month and 12.3% year-over-year according to the latest Case Shiller Index.  At the same time, consumer confidence decreased this month to …

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The Norris Group Real Estate News Roundup 8/30/13

http://youtu.be/bQzoAxh0e0 Sources: Home prices still surging…for now Pending home sales fall in July First-Time Jobless Claims Higher Than Expected Mortgage rates continue to seesaw Zillow: 12.2M Homeowners Underwater in Q2 Eased Mortgage-Risk Rule to Be Proposed by U.S. Agencies Banks earn record profit in second quarter on lower loss reserves Today’s News Synopsis: Aaron Norris …

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The Norris Group Real Estate News Roundup 6/19/13

Today’s News Synopsis: Mortgage applications decreased in the latest Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey by 3.3%.  Standard & Poor’s reported residential mortgage-backed securities increased and at their highest since 2007.  Inventory levels are showing positive signs with the increase in housing starts. In The News: Realty Trac – “Video Analysis: Bank Repossessions …

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The Norris Group Real Estate News Roundup 6/11/13

Today’s News Synopsis: Shareholders for Fannie Mae and Freddie Mac are challenging the government’s decision to do away with the GSEs, claiming billions of dollars were lost by investors from the takeover.  In an interesting piece of news, real estate brokers may soon be demanding aerial drones to take pictures of their properties for real …

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The Norris Group Real Estate News Roundup 6/10/13

Today’s News Synopsis: Another bank closed in Tennessee over the weekend, bringing the new total for bank closures to 16.  Housing confidence increased drastically by 10 percentage points last month, rising from 30% to 40% month-over-month.  Inventory also increased last month, leading to an easing in competition. In The News: Housing Wire – “Mortgage investors …

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The Norris Group Real Estate News Roundup 2/6/13

Today’s News Synopsis: According to NAHB’s latest Improving Market Index, the number of improving markets increased to 259, marking the sixth month in a row to show an increase.  The Mortgage Bankers Association reported mortgage applications increased 3.4% from last week.  Standard & Poor’s is facing a lawsuit from the Federal Government for not disclosing …

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The Norris Group Real Estate News Roundup 1/29/13

Today’s News Synopsis: Vacancies of homes declined in the fourth quarter.  Rentals declined to 8.7% while owner-occupied homes decreased to 1.9%.  Mortgage rates decreased slightly last month to 3.29% according to the Federal Housing Finance Agency.  Housing starts showed the biggest gain in Las Vegas, the same city hit hardest by the real estate crash. …

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