Saturday, July 20, 2013 12:00 am
Last week, I had a heart-to-heart with my son about the looming expense he’s about to incur when his children, my grandchildren, begin college in 2016. Between 2016 and 2022, at least one child will be enrolled in college. Unless some unforeseen scholarship or winning lottery ticket gets cashed in, his estimated annual expense for one child would range into the high five figures; when both are enrolled at the same time, twice that sum.
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, 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, October 21, 2011 7:09 am
Neal Lipschultz recently wrote an article titled “We Can’t
Ignore Housing Anymore.” The story ran in the Wall Street Journal,
Real Time Economics Blog.
Saturday, October 8, 2011 12:00 am
Forty years ago, during the height of the Vietnam War, I worked
on Wall Street. Every day at lunch time, the hawks faced off
against the doves. The demonstrations often turned ugly; fistfights
Friday, September 16, 2011 12:00 am
E.S. Brown wrote recently in the Wall Street Journal that “Most
people used to pay off their debts before retiring.” But as wages
have barely kept up with rising prices over the past 35 years
Americans have pushed debt higher, living beyond their means.
Friday, September 2, 2011 8:02 am
Times like these, you have to seek comfort wherever you can find
it. I often look to movies for some extra degree of solace, and it
seems that sometimes it can be found in the unlikeliest of
Tuesday, April 19, 2011 12:00 am
I received a copy of a letter that was sent to the “Letters to
the Editor” in The Record some time ago. After reading it, I felt
it an excellent letter and that the information should be shared
with the good readers of the Lodi News-Sentinel. The letter covered
a 30-year period regarding things that caused the burst in the
housing bubble. After verifying the information in the letter, I
wanted to give a brief history of why the housing bubble burst and
Thursday, January 7, 2010 12:00 am
Despite the challenges 2009 provided the real estate market,
such as rampant foreclosures and the haggling that comes with short
sales, the Lodi Association of Realtors celebrated the installation
of its new officers and directors while looking at the future of
real estate in Lodi.
Sunday, March 29, 2009 10:00 pm
The Ups and Downs of FHA: The importance of
Federal Housing Administration-insured loans in the
home mortgage market has changed markedly over the years. This has
been due less to changes in the FHA itself than to changes in the
broader market in which it operates.
Sunday, March 22, 2009 10:00 pm
(This is Part 2 of a two-part series. Read Part 1.)
Thursday, March 19, 2009 10:00 pm
(This is Part 1 of a two-part series. Read Part 2.)
Sunday, March 15, 2009 10:00 pm
(This is Part 1 of a two-part series.)
Sunday, March 1, 2009 10:00 pm
"The Associated Press recently ran a story about how the
mortgage crisis was leading the federal government and states to
tighten licensing and other requirements for operating as a
mortgage broker. Will this have a material effect in curbing the
abuses that led to the crisis?"
Wednesday, February 25, 2009 10:00 pm
Q: I am looking to buy my first home this year. My mortgage
broker keeps suggesting an FHA loan, almost like she is assuming
that that's what I will choose. But some of my friends who bought
recently say that they are more expensive and harder to get than a
regular loan. What gives?
Tuesday, February 3, 2009 10:00 pm
Empty properties add no "life" to a neighborhood.
Tuesday, January 20, 2009 10:00 pm
If your goal is to get your finances real-estate-ready in 2009,
there's not a moment to lose. While the real estate and financial
markets aren't expected to do much in the first half of the year,
they could pick up positive momentum in the second half of the
year, leading to a much more active 2010.
Monday, February 4, 2008 10:00 pm
Former President Bill Clinton wooed a crowd at the University of
the Pacific on Monday with his wife's plan to end the foreclosure
crisis and bring universal health care to the nation.
Tuesday, September 18, 2007 10:00 pm
WASHINGTON - In a bold strike, the Federal Reserve slashed a key
interest rate by a half point on Tuesday - the first cut in over
four years - and left the door open to further relief to prevent a
painful housing slump and jarring credit crunch from driving the
country into recession.