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Monthly Archives: June 2012
W S JOURNAL: Study: Mortgage ‘Mods’ Help Borrowers – With Other Loans
From THE WALL STREET JOURNAL ~ Robbie Whelan: Last week, the Journal’s Jon Hilsenrath wrote about “an economic divide that separates Americans not by income or wealth but by their access to credit.” Because of the housing crash that marred the credit records of … Continue reading
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N Y Times: Speeding Up Refinances
From the New York Times ~ Betsy Vereckey: MANY large financial institutions are facing backlogs of mortgage applications as more homeowners take advantage of low interest rates and the government-sponsored Home Affordable Refinance Program, or HARP. Click here for full article.
HousingWire: Government watchdog criticizes FHFA principal reduction delays
From the HOUSINGWIRE ~ Jon Prior: The Government Accountability Office found principal reduction would help some struggling homeowners and criticized the Federal Housing Finance Agency for delaying a decision to involve Fannie Mae and Freddie Mac in the effort, according to a report released Friday. Click here for full article.
Mission Viejo Market Report for May, 2012
May 2012 Mission Viejo Home Sales 128 (+13 from April 2012) 33 condos (0 change from April 2012) 95 single family residences (+13 from April 2012) Mission Viejo Homes Now on Market There are 138 homes for sale in Mission Viejo (+8 from April 2012) 39 condos (+5 from April 2012) 99 single family residences (+3 from April 2012) Commentary on May Statistics Comparing May 2012 monthly … Continue reading
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OrangeCounty – Number of homes sold in May increase by 24%
You be the Judge: Is the real estate market getting better or worse? May 2011 – homes sold: 2,286 May 2012 – homes sold: 2,838 (+24%) May 2011 – homes in escrow: 2,329 May 2012 – homes in escrow: 3,541 (+52%) May 2011 – homes for sale: 18,126 April 2012 … Continue reading
SF Chronicle: Homeowner Bill of Rights plans move forward
From the San Francisco Chronicle ~ Carolyn Said: Brad Bombola, at his home on Oak St., on Wednesday June 27, 2012, in San Francisco, Calif., Bombola, has been trying to get a loan modification on one of the units of the … Continue reading
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LA Times: Consumer bureau report raises concerns about reverse mortgages
From the Los Angeles Times ~ Jim Puzzanghera: WASHINGTON — As some older Americans try to improve their finances by tapping home equity through reverse mortgages, many are at risk of ending up in a worse situation because of confusion over … Continue reading
inmanNEWS: Mortgage rates stay tanked
From inmanNEWS: Mortgage rates remained at all-time lows this week as worries about the European debt crisis persist, making bonds that fund most mortgages look like safe bets to investors. Click here for full article.
