Sunday, May 4, 2014 10:00 pm
(StatePoint) If you’re a homeowner, you probably know that refinancing could mean lower monthly payments, lower interest rates and a shorter-term loan. However, if your mortgage is underwater, a refinance is hard to come by and you may have been turned down in the past. But don’t despair just yet.
Friday, January 10, 2014 7:30 am
Mel Watt was sworn in Monday as the head of the Federal Housing Finance Agency, and many in the mortgage industry believe that Watts’ confirmation signals a new shift in U.S. housing policy with greater access to credit, Reuters reports.
Friday, December 6, 2013 8:57 am
I want to share some great news to start off your holiday season. The Federal Housing Finance Agency announced it will keep the 2014 maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac at $417,000 on one-unit properties in most areas and a cap of $625,500 in high-cost areas. What does this mean for Lodi? The maximum conforming loan limit for our area is $417,000 according to Carrie Nicholsky at Academy Mortgage.
Friday, October 18, 2013 7:12 am
I had the great privilege of listening to a few top industry professionals debate this issue while at the business meetings of the California Association of Realtors in Long Beach last week. Often times, as with most political arenas, deciphering through the rhetoric double talk can lead most listeners tone deaf and frustrated. But this meeting was one of the better highlights on the agenda so I thought I’d pass the info along.
Friday, October 4, 2013 12:00 am
Across the country, average property values have increased by 15.8 percent in the past two years. This has led to a lot of speculation of whether there is now a new bubble in housing. So is there a housing bubble on the horizon? Can you predict what the housing market will do next?
Friday, May 31, 2013 6:39 am
In 2011 one in every four homebuyers was an investor. What kind of person has cash sitting around to pour into a real estate deal? Investors.
Friday, April 5, 2013 7:22 am
Home sales are projected to post some big gains in the next two years, according to Fannie Mae’s latest monthly economic outlook.
Friday, November 16, 2012 10:19 am
With Thanksgiving next week, there truly is so much to be thankful for. Please take this time and remember to thank the people around you every day, and be thankful for the many blessings that have come your way.
Friday, November 2, 2012 7:00 am
Did you hear? Wells Fargo recently surprised thousands of home loan customers by sending refund checks to a fraction of its Federal Housing Administration-backed borrowers.
Friday, October 26, 2012 6:55 am
Fannie Mae and Freddie Mac have issued new rules, which will take effect Nov. 1 that will allow short sales for underwater borrowers who have never missed a mortgage payment.
Friday, September 14, 2012 12:00 am
Banks are the key to the availability and cost of mortgage loans, but bank regulators are also. As directed by the Dodd-Frank financial reform, regulators will soon make some important decisions affecting who can obtain mortgages and what interest rates will prevail.
Friday, September 7, 2012 7:09 am
Fannie Mae and Federal Housing Finance Administration moving forward secretively with bulk sales program according to the California Association of Realtors.
Friday, August 31, 2012 7:15 am
Pending home sales rose in July to the highest level in over two years and remain well above year-ago levels, according to the National Association of Realtors (NAR).
Friday, June 8, 2012 12:00 am
Congratulations to all the graduates in Lodi and surrounding areas, you did it! You are moving forward to high school, college or starting a new career. What an accomplishment for you. Good luck to all of you in your new venture.
Friday, May 25, 2012 3:34 pm
After writing about the bulk sales last week, I am glad to inform you that Congressmen Gary Miller, and seven other California congressional members, including Ken Calvert (R-Riverside), Judy Chu (D-ElMonte), Brad Sherman (D-Sherman Oaks), Dana Rohrabacher (R-Huntington Beach), Elton Gallegly (R-Simi Valley), Susan Davis (D-San Diego), and Joe Baca (D-Rialto), introduced Legislation (HR 5823).
Friday, May 18, 2012 12:13 pm
According to the National Association of Realtors (NAR), the median existing single-family home prices are firming in many metropolitan areas. Improving sales and declining inventory are creating more balanced conditions, according to the latest quarterly report.
Friday, April 27, 2012 12:00 am
Some changes are coming according to Fannie Mae and Freddie Mac. Beginning on June 15, loans backed by Fannie or Freddie should expect to have a decision on a short sale offer within 30 to 60 days. If 30 days or more are needed, servicers must provide the borrower with weekly updates and must come to a decision within 60 days from when they received the offer.
Friday, March 16, 2012 2:13 pm
Wow, here is a breakthrough from Bank of America. A report came from Washington stated that Bank of America said last Friday, it would reduce the amount owed by underwater homeowners by about $100,000.
Friday, February 10, 2012 5:04 pm
Do you know the real question on everyone’s mind is. When will
property values appreciate again?
Friday, February 10, 2012 12:00 am
A landmark $25 billion settlement with the nation's top mortgage
lenders was hailed by government officials Thursday as long-overdue
relief for victims of foreclosure abuses. But consumer advocates
countered that far too few people will benefit.
Friday, February 3, 2012 12:33 pm
Are you looking to sell your home quickly? For a quick sale,
make your home stand out. Selling your home is 90 percent pricing
and 10 percent marketing (staging, advertising, maybe even an open
Thursday, January 12, 2012 12:00 am
Due to the high home foreclosure rate in California, Rep. Jerry
McNerney, D-Pleasanton, and 27 other members of Congress from
California have called for President Barack Obama to immediately
appoint a permanent director of the Federal Housing Finance
Friday, December 30, 2011 12:00 am
Happy New Years to you all. We have survived another overall
very difficult year in the general economy and specifically in the
housing market. However, I must say that it has been an honor to
write this column for you every week. It has also been a challenge
to select topics for the discussion that are appropriate for the
current events of the day.
Saturday, December 10, 2011 12:00 am
Happy holidays struggling homeowners! Fannie Mae, Freddie Mac
and several large mortgage lenders have pledged not to foreclose on
delinquent borrowers during the Christmas season.
Friday, November 25, 2011 1:23 am
John Wasik from Reuters recently wrote that “Watching the U.S.
home market struggle to rebound is like listening to children in
the back of a car. No, we’re not there yet.”
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