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The Norris Group Real Estate News Roundup 8/8/13
Today’s News Synopsis: Unemployment claims increased by 5,000 to 333,000 this past week according to the Labor Department, although they still did not exceed expectations. Mortgage rates continue to...
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The Norris Group Real Estate News Roundup 10/23/13
Today’s News Synopsis: Mortgage delinquencies increased slightly last month by 4.23% according to the Lender Processing Services. The FHFA reported home prices have shown increase for 19 months...
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Sales of Pending Homes Decreased 9.2% Last Month
Today’s News Synopsis: Sales of pending homes decreased in the past month by 9.2%. Mortgage rates decreased again for the fifth week in a row with 30-year rates now at 4.2% and 15-year rates at...
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Janet Yellen Gives Update on the Economy to Federal Open Markets Committee
Today’s News Synopsis: Janet Yellen gave an update on the state of the economy today at the Federal Open Markets Committee. Highlights included monetary policy will remain the same, Fed tapering...
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Housing Market Still A Ways Away from Becoming Normal
Today’s News Synopsis: Mortgage delinquencies decreased again for the fifth quarter in a row to 6.04%, the lowest in seven years. Increases in home prices was overall slow in the second quarter...
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Housing Reform a Bigger Issue Now with GSE’s Low Profits
Today’s News Synopsis: New home sales continue to hold high at six years with 481,000 properties being purchased last month and having increased by 21% since last July. Mortgage delinquencies...
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Homeowners with Biggest Struggles to Receive New Opportunities from HOPE NOW...
Today’s News Synopsis: The risk for Freddie and FHFA loans increased 0.3% year-over-year in March to 11.84%, putting them at a new high but not showing much change over all from the past three...
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Mortgage Market Still Needs Three More Years to Reach Healthy Level of Recovery
Today’s News Synopsis: According to the latest Gallup Job Creation Index, the number of new jobs increased beyond 31 on the index to their highest in over a year. In a big news day for mortgages,...
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Foreclosures at lowest in 16 Years
Today’s News Synopsis: Foreclosures are at their lowest in 16 years according to the latest Fed report. More and more people can afford mortgage payments now with rents being at their highest on...
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More Americans Taking Money Out of Retirement for Emergencies
Sources: Existing home sales stall in August Sales of U.S. New Homes Surged in August to Seven-Year High US consumer borrowing jumps $19.1 billion Existing-Home Sales Stall in August, Prices...
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Mortgage Delinquencies Make Comeback According to Black Knight Financial
Today’s News Synopsis: The sale of new homes increased by 2% last month according to HUD and the U.S. Census Bureau. The Mortgage Bankers Association reported a 3.3% decrease in mortgage...
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New Data By Black Knight Shows Ten States With Greatest Home Price Increases
Today’s News Synopsis: New data from HUD and the Census Bureau shows new home sales for single-family homes decreased by 1.5%. Black Knight Financial reported mortgage delinquency rates are at their...
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Mortgage Write-Offs at $9.5 Billion, their Lowest in 9 Years
Today’s News Synopsis: Mortgage applications increased but not by much at 0.4% according to the Mortgage Bankers Association. The White House announced plans today to focus on building more...
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