This article reiterates one of the economic headwinds I've been conveying. HELOCs and interest only adjustable rate mortgages generated at the peak of the last real estate market will be resetting soon. The payment shock of the principle repayment being made over a shorter period than a standard 30 ... » Learn More about Home equity lines due for reset may be looming financial disaster
Fannie, Freddie close to paying off taxpayer bailout bill
Treasury reaps revenue from 2 mortgage giants By The Washington Times Thursday, November 7, 2013 Fannie Mae and Freddie Mac, the housing giants whose combined $188 billion bailout dwarfed all others during the 2008 financial crisis, announced Thursday that they will return another $39 billion in ... » Learn More about Fannie, Freddie close to paying off taxpayer bailout bill
Are You Sure Your Credit Report is Accurate? Check First, Before You Shop for a Home
Your credit is a critical piece of the qualifying puzzle to get a mortgage. Imagine you just found out what your mortgage interest rate is from your lender, and it's much higher than advertised rates. You know your credit is better than that, so why is it costing you more than it should to buy a ... » Learn More about Are You Sure Your Credit Report is Accurate? Check First, Before You Shop for a Home
Another Housing Bubble? Maybe Not in Our Lifetimes-Robert Shiller
By: Yahoo/Daily Ticker Oct 29, 2013 Single-family home prices rose in August, posting their strongest annual gain in more than seven years, according to the S&P/Case Shiller Home Price Index data released Tuesday. And while Case Shiller data shows home prices have risen 12.8% over last year, ... » Learn More about Another Housing Bubble? Maybe Not in Our Lifetimes-Robert Shiller
Real Estate Market Update San Fernando Valley, Los Angeles, CA October 28, 2013
Ron Henderson President/Broker of Multi Real Estate Services and a Gov't Affairs Chair for CAMP gives an overview of the present real estate market, inventory issues, and statistics for the San Fernando Valley region of Los Angeles California. Specialist in the Art of Real Estate Sales and ... » Learn More about Real Estate Market Update San Fernando Valley, Los Angeles, CA October 28, 2013