Norwich Real Estate News
Real Estate news for Norwich, NY continually updated from thousands of sources.
Tuesday Aug 26 | via Press & Sun-Bulletin
Southern Tier home sale prices down in July Most of the counties in the Southern Tier saw a drop in median sales price in July. Comment?
Jul 22, 2014 | via Press & Sun-Bulletin
Southern Tier home sale prices mixed in June The New York State Association of Realtors released its June 2014 home sale information and results were mixed. Comment?
Jun 2, 2014 | via National Mortgage News
Learn about this year's finalists and see who won the 2013 MT Award. 2013 MT Awards: 10X Award The 10X Award honors a company, product or technology that's had an exponential impact on mortgage finance. Comment?
21 hrs ago | via Mid-Day Mumbai
Brooklyn: According to federal prosecutors, Frank Tamayo, 41, a Brooklyn mortgage broker, would scribble secret stock tips on napkins and pass them to an accomplice in Grand Central station before eating them. Tamayo pleaded guilty to insider trading on Friday. Comment?
Wednesday Sep 17 | via The Austin Chronicle
Rated PG-13, 107 min. Directed by Israel Horovitz. Starring Kevin Kline, Maggie Smith, Kristin Scott Thomas, Dominique Pinon, Stephane Freiss, Noemie Lvovsky, Stephane De Groodt. Comment?
Wednesday Sep 17 | via Business Journal
PMG Lending Group is one of nine businesses issued subpoenas by the New York State Department of Financial Services, which is launching an investigation to determine whether certain companies are intentionally making short-term, high-interest loans to New Yorkers secured by borrowers' homes or other real estate. The practice - known as "hard money" lending - does not typically evaluate borrowers' ability to repay the loans. Comment?
Tuesday Sep 16 | via Philly.com
WHEN PEOPLE talk about retirement, it's often in the context of how much money they have to save for their senior years. People know or have heard enough that they need to factor into their retirement plan their cash savings, investment account holdings, Social Security and, if fortunate, any pension benefit. Comment?
Tuesday Sep 16 | via Reuters
The New York state banking regulator has launched an investigation into potentially predatory practices by lenders who make short-term, high-interest loans secured by homes or other real estate. Benjamin Lawsky, superintendent of the state Department of Financial Services, sent subpoenas to nine "hard money lenders," seeking information about their loan policies and marketing materials, his office said in a statement on Tuesday. Comment?
37 min ago | via The Virginian-Pilot
The Bank of Mom and Dad is playing a growing role as lender of last resort for a housing recovery struggling to provide more traction for the U.S. economy. Last year, 27 percent of those purchasing a home for the first time received a cash gift from relatives or friends to come up with a down payment, according to data from the National Association of Realtors. Comment?
48 min ago | via WHNT-TV Huntsville
Not only are big-pocketed borrowers paying lower average rates on the high dollar value loans known as jumbo mortgages, but lenders are now requiring even smaller down payments - and, in some cases, they are waiving the mortgage insurance, too. The Mortgage Bankers Association reports that the average rate on jumbo loans - mortgages of $417,000 or more - was 4.24% last week, compared with 4.36% for conventional 30-year, fixed-rate mortgages. Comment?
1 hr ago | via Wall Street Journal
Momentum seems to favor KB Home and the broader home-building market as both prepare to post quarterly results this week. The gains might not be as strong as they appear, however, for several reasons. Comment?
1 hr ago | via Examiner.com
This reporter finds it fascinating to use the Google AdWords Keyword Planner to expose the things currently on the minds of Americans by uncovering the search terms they type into the huge search engine each day. That's how I learned that approximately 6,200 people per month type in queries about urban city areas - and when you add in related terms like gentrification or urban decay the numbers skyrocket. Comment?
1 hr ago | via ABC News
A quarterly index of mortgage delinquencies by ratings agency Fitch finds that arrears rose 2 basis points in the June quarter, meaning 1.22 per cent of borrowers were at least 30 days behind in their loans. Fitch says delinquencies typically fall in the second quarter, but the lack of the usual post-Christmas rise has meant the proportion of borrowers in trouble at the start of the period was lower than usual. Comment?
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