Real Estate Investors Daily

The Five Best Places to Find Foreclosure Bargains

Dennis Norman — Tue, 07 Sep 2010 17:16:46 +0000

Dennis Norman

When I first entered the real estate business in 1979, at the age of 18 which seems so long ago) foreclosures were a mystery to most people and certainly no one looking for a home to live in looked to buy a foreclosure. Homes that were being foreclosed upon were advertised in [...] Related posts:

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Las Vegas, Cape Coral, Merced Foreclosure Rates Highest Among Major Metro Areas in 2009 Dennis NormanTop 20 Cities Are From California, Florida, Nevada and...

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New Rule Proposed to Protect Seniors Obtaining Reverse Mortgages

Dennis Norman — Fri, 03 Sep 2010 15:43:25 +0000

Dennis Norman

Reverse mortgages have become increasingly popular over the past few years with seniors that find themselves with a large amount of equity in their home, but short on cash, or struggling to pay for the upkeep of the home, property taxes, insurance or other living expenses. A reverse mortgage allows people [...] Related posts:

HUD Announces Plans to Make Reverse Mortgages More Affordable Dennis Norman The Federal Housing Administration (FHA) announced this week...
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Foreclosures in July are 4th highest on record; delinquencies continue to decline

Dennis Norman — Thu, 02 Sep 2010 20:38:00 +0000

Dennis Norman

A report published by Lender Processing Services (LPS) analyzing homeowner’s performance on their mortgages as of July 2010 shows that mortgage delinquencies continue to decline however are still at very high levels versus historical norms. At the same time however, foreclosure starts have increased to the fourth highest level on record. [...] Related posts:

Foreclosure and Mortgage Delinquency Rates Stabilizing Dennis Norman A report published by Lender Processing Services (LPS)...
Mortgage delinquencies set new record in third quarter Unemployment Remains Main Cause of Delinquencies The second quarter of...
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Pending home sales rise in July; Down 19 percent from the year before

Dennis Norman — Thu, 02 Sep 2010 15:25:49 +0000

Dennis Norman

After hitting all-time low in June, pending home sales increase 5.2 percent in July

The National Association of REALTORS Pending Home Sales Index for July shows an increase of 5.2 percent in the index in July (seasonally adjusted) which is 19.1 percent below July 2009.

Here are highlights from the report:

July’s pending home sales [...] Related posts:

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Mortgage Interest Rates Hit New Lows This Week; Refinancing Hits 15 Month Hig

Dennis Norman — Wed, 01 Sep 2010 13:01:50 +0000

Dennis Norman

Interest rates dropped to new record lows this past week bring out existing homeowners to refinance their existing mortgages and even bringing out some homebuyers.

According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey for the week ending August 27, 2010, the MBA Purchase Index (a measure of the [...] Related posts:

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Home Purchase Mortgage Applications Last Week Plummet; Interest Rates Decrease Slightly Dennis Norman The Mortgage Bankers Association (MBA) released its weekly...

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Dueling Economists: Home Prices Up or Down?

Dennis Norman — Tue, 31 Aug 2010 15:32:59 +0000

Dennis Norman

Naturally, no sooner than I finish writing my post this morning about the Case-Shiller report on home prices in which I actually got to report somewhat “positive” news, my bubble is burst. RadarLogic, another company that has their own home price index that I like, came out with a report saying the [...] Related posts:

US home prices increase 3.1 percent in 3rd quarter; down 8.9 percent from a year ago Dennis Norman This morning the S&P/Case-Shiller Index report for September...
Report shows home prices up modestly over last year Dennis Norman This morning S&P/Case-Shiller Index report for the 2nd...
November home prices flattening out in many major metro areas Dennis Norman This morning the S&P/Case-Shiller Index report for November...

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Report shows home prices up modestly over last year

Dennis Norman — Tue, 31 Aug 2010 14:57:29 +0000

Dennis Norman

This morning S&P/Case-Shiller Index report for the 2nd quarter of 2010 was released showing that the home prices improved slightly over a year ago in 17 of the 20 Metro Area’s their reports cover.

The Case-Shiller Home Prices Indices showed an increase of 4.4 percent in home prices in 2nd quarter after a decline [...] Related posts:

US home prices increase 3.1 percent in 3rd quarter; down 8.9 percent from a year ago Dennis Norman This morning the S&P/Case-Shiller Index report for September...
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Home Prices In Most Metro Areas Improved in April But Do Not Show Signs of a Sustained Recovery Dennis Norman This morning S&P/Case-Shiller Index report for April was...

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Homelessness in America

Dennis Norman — Mon, 30 Aug 2010 15:32:37 +0000

Dennis Norman

While many us have been worrying about what is happening to the value of our homes, how to deal with being underwater on a mortgage or even facing the loss of a home, there are many people, families included, in the U.S. whose worry is much more basic….where to find safe shelter for [...] Related posts:

Population Growth Equals Housing Demand; Which States are Growing? Dennis Norman While there are many factors that go into...

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HUD Announces Plans to Make Reverse Mortgages More Affordable

Dennis Norman — Sat, 28 Aug 2010 13:51:18 +0000

Dennis Norman

The Federal Housing Administration (FHA) announced this week that it intends to make modifications to its Home Equity Conversion Mortgage (HECM), a reverse mortgage loan insured by the federal government, to make it more attractive and cost effective for older home owners seeking to tap their home equity.

A HECM [...] Related posts:

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The Latest Data on the Home Affordable Modification Program Ted Gayer, Co-Director of Economic Studies, Brookings Institute The U.S....
MBA’s Purchase Index for mortgages drops to lowest level in almost 9 years Dennis Norman The Mortgage Bankers Association (MBA) released its weekly...

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New Rules for Mortgage Transfers

Dennis Norman — Fri, 27 Aug 2010 11:26:44 +0000

Dennis Norman

Home mortgages are often sold or assigned, sometimes even right after the origination of the loan and, as a result, borrowers find themselves not knowing who their current lender is or how to contact their lender. This issue was addressed back in May 2009, as part of the Helping [...] Related posts:

New Rules Announced to Protect Mortgage Borrowers Dennis Norman Over the past couple of years lawsuits have...
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