The Norris Group Real Estate News Roundup 8/18/10
Today’s News Synopsis: HAMP’s permanent loan modifications increased 5.9% by the Bank of America, while the number of applications for mortgages increased 13%. On the same note, according to the...
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The Norris Group Real Estate News Roundup 8/21/12
Today’s News Synopsis: According to the latest 2012 Home Buyer/Seller Satisfaction Study released by J.D. Power and Associates, customers are less satisfied leading real estate brokerages to continue...
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As Credit Card Usage Decreases, Consumer Credit Increases at Slower Rate
Sources: Pending home sales reach highest level since August 2013 Construction spending slows in January CoreLogic: Home prices gain nearly 6% Commercial/Multifamily Delinquencies Continue...
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Increase in Non-Revolving Debt Leads to More Consumers Borrowing Money
Today’s News Synopsis: The Mortgage Bankers Association reported the amount of mortgage credit that is available increased last month by 2.3% to 12. In addition, consumer credit or the amount of...
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HUD Garners Praise for Decision Made on the HECM Program
Today’s News Synopsis: The NAHB reported an increase in builder confidence to its highest in a year this month, going from 54 to 59. HUD came to a decision last Friday regarding allowing spouses...
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Consumers Remain Optimistic About Credit Despite Increase in Default Rates
Today’s News Synopsis: HUD and the Commerce Departments reported a 4.8% increase in housing starts for June. The latest data showed an increase in default rates for consumer credit and mortgages, yet...
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