strategic default

The Norris Group Real Estate News Roundup 7/9/12

Today’s News Synopsis: Another bank closed in Georgie, bringing the total now to 32.  However, the bigger news is that the bank closed and the director disappeared after accusations of embezzlement and fraud.  Optimism in the housing market increased for the month of June despite confidence being unsteady.  Foreclosure starts increased 2.8% from last year …

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The Norris Group Real Estate News Roundup 5/23/11

The FBI said property crimes have dropped 2.5% in the West. A new study shows that homeowners at least two-months delinquent on their mortgage are more likely to strategically default. The Treasury Department released a free online calculator that provides borrowers with an estimate of whether or not they qualify for HAMP. Homeowner insurance premiums are increasing across multiple states.

The Norris Group Real Estate News Roundup 2/28/11

MDA DataQuick reports 30.9% of all houses and condos sold in California during January were bought without a mortgage. The NAR claims pending home sales fell 2.8% in January. Approximately 25% of homeowners who sought assistance from Obama’s mortgage assistance program successfully had their payments reduced. A survey from Fannie Mae shows 19% of delinquent borrowers are considering a strategic default.

The Norris Group Real Estate Holiday News Roundup

In The News: Housing Wire – “Principal Real Estate Investors optimistic for economic recovery in 2011” (12-29-10) “Principal Real Estate Investors expects the Republican gains in Congress, stabilizing commercial real estate values, stronger corporate earnings, higher personal savings rates and the dynamics related to quantitative easing by the Federal Reserve will fuel economic growth in …

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The Norris Group Real Estate News Roundup 12/14/10

In The News: Mortgage Bankers Association – “MBA Study Shows Mortgage Banker Production Profits Improved with Higher Refinancing Activity in Third Quarter 2010” (12-14-10) “Independent mortgage banks and subsidiaries made an average profit of $1,423 on each loan they originated in the third quarter of 2010, up from $917 per loan in the second quarter …

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