Alejandro Lazo The Los Angeles Times Sales of previously owned houses fell 17% in December, raising fears about recovery Sales of previously owned homes nationwide plunged steeply in December, raising concerns that the housing recovery could lose steam after government policies intended to support it expire in the spring. For now, California appears to be [...]
Filed under: California Real Estate News, Economic Recovery, Federal Housing Regulations, First-Time Homebuyer Tax Credit, Foreclosures and Short Sales, Home Selling, Housing Market Trends, Market Update, Mortgage News, Mortgage Rates, National Real Estate News on January 27th, 2010 | Comments Off
The December figure is up 1.1% from the previous month and a 6% increase over a year earlier Alejandro Lazo The Los Angeles Times California home prices ticked up 1.1% in December from the previous month, continuing a slow but steady improvement for the state’s housing market, according to data released Thursday. Home sales have [...]
Filed under: California Real Estate News, Economic Recovery, Home Buying, Home Prices, Home Selling, Housing Market Trends, Market Update on January 22nd, 2010 | Comments Off
Mary Ellen Podmolik The Los Angeles Times The Federal Housing Administration will raise mortgage insurance premiums, update requirements for so-called FICO credit scores and down payments for new home buyers and take other measures designed to shore up the agency’s low capital reserves. The FHA, which insures mortgages, also will reduce allowable seller concessions to [...]
Filed under: Credit Scores, Federal Housing Regulations, FHA loans, Home Buying, Lending Info, Mortgage Insurance, Mortgage News on January 20th, 2010 | Comments Off
E. Scott Reckard The Los Angeles Times Delinquencies on home equity loans and lines of credit jumped to record levels in the third quarter, a banking trade group said Thursday. Home equity loan delinquencies rose to a record 4.3% of such accounts from 4.01% in the second quarter, the American Bankers Assn. reported. Delinquencies on [...]
Filed under: Economic Recovery, Foreclosures and Short Sales, Housing Market Trends, loan modification, Mortgage News, Mortgage Rates, National Real Estate News, Refinancing on January 8th, 2010 | Comments Off
Kenneth R. Harney The Los Angeles Times For several years, the Federal Housing Administration has been the go-to financing resource for cash-strapped home buyers who can’t come up with a big down payment. It has zoomed from barely a 3% market share to nearly 30% of home purchase loans. But now, FHA-insured mortgages could be [...]
Filed under: First-Time Homebuyers, Home Buying, Lending Info, loan modification, Mortgage News, Mortgage Rates, National Real Estate News, Property Insurance on January 6th, 2010 | Comments Off
Bloomberg News Federal Reserve Chairman Ben S. Bernanke said that the central bank’s low interest rates didn’t cause the last decade’s housing bubble and that better regulation would have been more effective in limiting the boom. “The best response to the housing bubble would have been regulatory, rather than monetary,” Bernanke said Sunday in remarks at [...]
Filed under: Economic Recovery, Home Prices, Housing Market Trends, Lending Info, Market Update, Mortgage News, Mortgage Rates, National Real Estate News on January 4th, 2010 | Comments Off
