Showing posts with label QM. Show all posts
Showing posts with label QM. Show all posts

Friday, April 4, 2014

Beth Peerce of NAR Joins Bruce Norris on the Real Estate Radio Show #376

Bruce Norris is joined again this week by Beth Peerce.  Beth is the vice-president of the National Association of Realtors.  She is also the broker/owner of Primetime Properties in Century City, California and has been a broker for over 35 years.  In addition, she has won several awards for being the realtor of the year in California. Bruce and Beth discuss interest rates and how they have changed, the difference between renting and homeownership, loan guarantees, the number of transactions completed in a year, the position of the NAR and its impact on Dodd-Frank, QM and QRMs, the CFPB, and much, much more on this week's real estate radio show and podcast.

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Friday, January 24, 2014

Cary Pearce of Provident Bank Mortgage Joins Bruce Norris on the Real Estate Radio Show #366

Bruce Norris is joined this week by Cary Pearce. Cary is the production manager for Provident Bank Mortgage. He is in the Inland Empire, and they do about $20 million a month. He has been with them for four and a half years and has been in the industry for 28 years. Bruce and Cary discuss the mortgage industry today compared to 2006, prices in the 80s and early 90s, the new QM rules, concerns over the new oversight,automated approvals by the FHA and GSEs, the 417 loan amount, the advantage of a conventional loan and its lower PMI factor, and much more on this week's real estate radio show and podcast.

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Friday, November 22, 2013

I Survived Real Estate 2013 Part 5 #357

On October 18, 2013, The Norris Group proudly presented I Survived Real Estate 2013. An expert line-up of industry experts joined Bruce Norris to discuss perplexing industry trends, head-scratching legislation, and the outlook for real estate in the coming year. Over $90,000 was raised to benefit Make a Wish and St. Jude Children’s Research Hospital. In this segment, Bruce continues his discussion with Debra Still and Mark Palim, covering topics such as the impact of rising interest rates on the housing recovery, the ridiculous interest rates we see today, slowdown in sales and appreciation in prices, the increase in ARMs, popular past products not coming back, the current cap on fees, the percentage of loans in 2013 that would not meet QM, the 3-point rule and the negative impact on small loan amounts, and much, much more on this week's real estate radio show and podcast.

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Friday, August 23, 2013

Gary Thomas Joins Bruce Norris on the Real Estate Radio Show #344

Bruce Norris is joined this week by Gary Thomas. Gary is the National Association of Realtors 2013 president. Gary has been in the business for over 35 years and has been the owner of Evergreen Realty in California. Bruce and Gary discuss his role as the president elect, the FHA and GSE reform he has spoken on in front of Congress, the FHA from 2005-2007 compared 2008-2010, the problem of overlays in our industry, access to capital being the biggest unknown for the industry, qualified residential mortgages, what determines the quality of loans, short sale debt forgiveness, immigration reform, and much more on this weeks real estate radio show and podcast.

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Friday, September 14, 2012

Gary Thomas, President Elect of the National Association of Realtors, Joins Bruce Norris on the Real Estate Radio Show #295

Bruce Norris is joined this week by Gary Thomas. Gary Thomas is the broker/owner of Evergreen Realty in Villa Park, California. He has been in the business for more than 35 years and has served the real estate industry in countless roles. Gary is currently the 2012 president elect for the National Association of Realtors, which has been the voice of real estate professionals. Bruce and Gary discuss the benefits of joining the National Association of Realtors, Gary's duties once he becomes the president of NAR, the fiscal cliff, the real estate industry now compared to 2008, the loan process, the QM and QRM, the hedge fund buyers and inventory in Orange County, and much more on this week's real estate radio show and podcast.

In other news, the fifth annual I Survived Real Estate will be meeting on October 19 this year. The Norris Group would like to thank their gold and platinum sponsors for helping to make this event possible. Gary Thomas will be joining the panel at I Survived Real Estate 2012.

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