by countyproperties | Feb 26, 2012 | Finance, Latest News, Real Estate news
The Labor Department said the seasonally adjusted figure of initial claims for the week ended Feb. 18 was 351,000 unchanged from the previous week, which was revised upward 3,000. Analysts surveyed by Econoday expected 355,000 new jobless claims last week with a range...
by countyproperties | Feb 26, 2012 | Latest News, loan modification, Real Estate news, Short Sales
An Oregon congressman is backing a bill that, if passed, would allow bankruptcy judges to force principal modifications on primary home mortgages during bankruptcy. Rep. Earl Blumenauer, D-Ore., proposed The Bankruptcy Equity Act to amend bankruptcy laws to allow...
by countyproperties | Feb 26, 2012 | Latest News, Real Estate news
The housing market is expected to make a positive contribution to gross domestic product for the first time in seven years in 2012, albeit a very modest one, Fannie Mae said Tuesday. The government-sponsored enterprise reported GDP growth of 2.8% in the fourth quarter...
by countyproperties | Feb 17, 2012 | loan modification, San Diego Foreclosure news, San Diego Real Estate
California’s housing market may get some much needed relief with last week’s announcement of the national mortgage settlement reached with the country’s five largest loan servicers. In the deal, 49 states, including California, agreed to a $25...
by countyproperties | Feb 17, 2012 | Latest News, loan modification, Real Estate news, San Diego Real Estate, San Diego Short Sales
On February 9, Attorney General Kamala D. Harris announced that California secured up to $18 billion for its distressed homeowners as part of a $25 billion national multistate settlement with the country’s five largest loan servicers. More than $12 billion will...
