Independent Foreclosure Review process

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Published on: January 19, 2012
Categories: Buyers, General, Sellers
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Homeowners who had a mortgage loan on a primary residence and who believe were financially harmed during the mortgage foreclosure process by GMAC Mortgage, HSBC Finance Corporation, SunTrust Mortgage, or [...]

Construction spending rose in October

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Published on: January 10, 2012
Categories: Buyers, General
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The U.S. Census Bureau of the Dept. of Commerce announced yesterday that construction spending during November 2011 increased 1.2 percent to an estimated seasonally adjusted annual rate of $807.1 billion [...]

U.S. homes set to lose nearly $700 billion in value during 2011

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Published on: January 10, 2012
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U.S. homes are expected to lose more than $681 billion in value during 2011 – 35 percent less than the $1.1 trillion lost in 2010 – according to analysis of [...]

Fourth quarter starts with broad-based declines in home prices

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Published on: December 29, 2011
Categories: Buyers, General
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Data through October 2011, released Tuesday by S&P Indices for its S&P/Case-Shiller Home Price Indices, showed decreases of 1.1 percent and 1.2 percent for the 10- and 20-City Composites in [...]

Fannie Mae offers new REO platform

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Published on: December 7, 2011
Categories: Buyers, Mortgage News
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Beginning Dec. 7, Fannie Mae will launch the HomePath Online Offers Program to collect offers and manage the offer-submission process on properties listed on HomePath.com. Agents and brokers representing buyers [...]

California housing affordability improves in Q3

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Published on: November 17, 2011
Categories: Buyers, Sellers
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The percentage of home buyers who could afford to purchase a median-priced, existing single-family home in California rose to 52 percent in the third quarter of 2011, up from 51 [...]

Mortgage aid open to more Calif. borrowers

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Published on: November 15, 2011
Categories: Mortgage News
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The state-run program, “Keep Your Home California,” which helps homeowners struggling to pay their mortgages now has broader eligibility guidelines. Borrowers who did “cash-out” refinances and own multiple properties now [...]

Palm Springs Veterans Day Parade

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Published on: November 11, 2011
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Palm Springs Veterans Day Parade Palm Springs Veterans Day Parade Date: 11/11/2009 3:30 PM – 5:15 PM Cost: Free Location: Downtown Palm Springs Palm Canyon Drive at Amado Road Palm Springs, California 92262 [...]

Short Sale Soundoff: Bank of America Equator requirement

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Published on: October 28, 2011
Categories: Bank of America, General
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To conduct short sale transactions with Bank of America, all Equator users are required to maintain a profile in Equator with current license information. As part of standard business practices, [...]

Senate votes to extend loan limits

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Published on: October 27, 2011
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Late last week, the Senate passed an amendment to an appropriation bill that would reinstate the conforming loan limits to $729,750 through December 2013. The Senate and House now are [...]

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