“A group of 12 members of the House of Representatives sent a letter to federal regulators Wednesday, urging them to make public the upcoming review of loan files at the 14 largest mortgage servicers.”
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“(Reuters) РApplications for home mortgages surged last week, racking up the biggest increase in four months on a flood of refinancing demand as interest rates remained low, an industry group said on Wednesday.”
No one said this market would make a quick recovery or did they? ‚ÄúNEW YORK (CNNMoney) — In yet another sign that the job market is still stuck in a rut, more Americans filed for first-time unemployment benefits last week than the week before.‚Äù
Don’t let them lie to you! The main reason for buyers cancelling deals is their own FEAR of the market, second guessing their poor decisions, based on inexperience and a lack of knowledge in their target market. ‚ÄúThere was a spike in cancellations of contracts to buy homes in June, with 16% of National Association of Realtors members reporting that they had a contract nixed, up from 4% in May.‚Äù
“Existing-home sales in June fell to a seven-month low, and the number of contract cancellations soared, signaling that buyers are rethinking home purchases amid national economic uncertainty.”
The main ingredient in a successful real estate investing strategy; available financing. Anyway you can get, BUT SOON TO BE AS PLENTIFUL AS OXYGEN “Dallas attorney Joey Messina has a side business some might find surprising: He uses his own money to make mortgage loans to people who banks likely would avoid.”
“If a lender has not been paid in months or years and believes that they can convert a property to a performing investment, then they are going to have a very high interest in foreclosing. However, in many cases, if they had to use real, legitimate, original documents to carry out that process, it simply would never happen. Why?”
“The stock market rallied on Tuesday, due in part to better-than-expected news about new home building. Housing starts, a statistic that indicates when ground is broken on a new house, soared to a five-month high in June.”
“With the newest data on home sales out Wednesday, one thing is clear: The volume of current real estate activity is not what many players hoped it would be.”
‚ÄúProperty values across Napa County eked out a 1 percent increase on this fiscal year’s assessment roll – a far cry from the annual double-digit gains once seen across the valley, but an increase from last year’s valuation.‚Äù
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