Selma Hepp of CAR Joins Bruce Norris on the Real Estate Radio Show #373

Bruce Norris is joined again this week by Selma Hepp. Selma is the senior economist for the California Association of Realtors, a statewide trade organization with more than 100,000 members dedicated to the advancement of professionalism in real estate. Selma directs the activities of the association’s research and economics group. She oversees the research and analysis of housing markets and economic trends, member and consumer surveys, and the impact of real estate related regulatory and legislative policies. She earned her Masters degree from SUNY in Buffalo and a PhD from the University of Maryland. Bruce and Selma discuss immigration, the lending requirements that went into effect in January, the hedge funds in 2012 and 2013, the percentage of the market going to foreign investors, legislation passed in 2013 that could pose concerns, debt forgiveness, and much more on this week's real estate radio show and podcast.

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Craig Blunden Joins Bruce Norris on the Real Estate Radio Show #352

Bruce Norris is joined this week by Craig Blunden.  Craig has been the president and chief executive officer of Provident Savings Bank since 1991.  In addition, he has been the chairman and chief executive officer of Provident Financial Holdings, Inc. since its formation in 1996.  He has been associated with Provident Savings Bank since 1974. Bruce and Craig discuss median prices in the 1970s and how things have changed, the downturn in the early 90s, the commercial business and the tax treatment it received, the percentage of Provident that is residential, commercial loans, amortization, the popularity of flipping homes, the future of Dodd-Frank, the event I Survived Real Estate 2013, and much more on this weeks real estate radio show and podcast.

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Mike Novak-Smith Joins Bruce Norris on the Real Estate Radio Show #332

Bruce Norris is joined again this week by Mike Novak-Smith. Mike is with REMAX Results and is in the top 1% of agents nationwide. He is an expert in the disposition of REO, short sales, bankruptcies, asset management, and negotiation. Bruce and Mike discuss short sales, REOs, the attitude of homeowners and buyers now compared to the 90s, the percentage of people current on their mortgages, prices and hedge funds, the new home construction business, the trend today for getting people approved for loans, portfolio loans, and much more on this week's real estate radio show and podcast.

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John Karevoll of DataQuick Joins Bruce Norris on the Real Estate Radio Show #322

Bruce Norris is joined this week by John Karevoll. John was born in Minneapolis in 1951.His family moved to Norway where he was raised, educated, and married. He worked as a journalist in Oslo for ten years and joined a Scandinavian business publication in New York in 1983.In 1987 he was pulled into the world of data, mining large databases for trends.He has worked for TRW, CDB Infotek, Axiom, and others.His relationship with San Diego-based DataQuick Information Systems goes back to 1989.The statistics he generates are used by public agencies, lending institutions, title companies, and others.  Bruce and John discuss DataQuick's information system, real estate in 1970 compared to today, the Dodd-Frank Act and what effect it will have, the trends in today's market numbers, FICO scores, and much, much more on this week's real estate radio show and podcast. 

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David Kittle of the Mortgage Collaborative Joins Bruce Norris on the Real Estate Radio Show #321

Bruce Norris is joined again this week by David Kittle. David is the senior director of industry relations for IMARC, a fraud investigation company located in Santa Ana.He manages IMARC’s Washington D.C. office.He is the past chairman of MBA’s political action committee MORPAC and former vice-chairman of MBA’s residential board of governors.  He also served on MBA’s board of directors from 2004 through 2010.David is the past chairman of Mortgage Bankers Association in Washington D.C, completing his term in October 2009.  Bruce and David discuss the fear in the marketplace today of making a mistake, QRM being already in place, the market hitting bottom, VA and stated income loans, unintended consequences, shadow inventory, loan limits, the markets on the East Coast compared to the markets here, and much, much more on this week's real estate radio show and podcast. 

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Cary Pearce with Provident Loans joins Bruce Norris on the Real Estate Radio Show #316

Bruce Norris is joined again this week by Cary Pearce.Cary is the sales production manager for Provident Loans, and he has been involved over his lifetime involved in loans and about $ 1 billion and a half in closings.  Bruce and Cary discuss Provident's policies for giving loans, overlays, requirements if you are self-employed, down payment required, cash reserves for occupant buyers, down payment gift programs, fourplex limits, VA loans, and much, much more on this week's real estate radio show and podcast. 

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