by countyproperties | Aug 6, 2011 | Finance, Latest News
THE BUDGET CONTROL ACT IS NOW LAW, putting in place new caps on federal spending while providing an increase in the debt ceiling. The legislation marks the first time in history that spending cuts, totaling $900 billion in the first tranche alone, have been attached...
by countyproperties | Aug 6, 2011 | Finance, Latest News, Real Estate news
While it’s important to move the mortgage finance space away from Fannie Mae and Freddie Mac’s current dominance in the segment, mortgage finance professionals warned Senate Banking Committee members that a robust re-haul or elimination of the...
by countyproperties | Aug 6, 2011 | Finance, Latest News
Mortgage rates fell sharply this past week, hitting record lows, as bond yields declined and signs of a weakening economy dampened consumer sentiment further, according to Freddie Mac’s latest Primary Mortgage Market Survey. The 30-year, fixed-rate mortgage hit...
by countyproperties | Jul 29, 2011 | Current Affairs, Finance, Latest News
The Conference Board Consumer Confidence Index®, which had declined in June, improved slightly in July. The Index now stands at 59.5 (1985=100), up from 57.6 in June. The Present Situation Index decreased to 35.7 from 36.6. The Expectations Index rose to...
by countyproperties | Jul 22, 2011 | Current Affairs, Finance, Latest News, Riverside Short Sales, San Diego Short Sales, Short Sales
Governor Jerry Brown signed into law today a C.A.R.-sponsored bill, Senate Bill 458, prohibiting a deficiency after a short sale for one-to-four residential units, regardless of whether the lender is a senior or junior lienholder. Effective immediately for...
by countyproperties | Jul 22, 2011 | Current Affairs, Finance, Latest News
What Does it Mean to Escrow Property Taxes? Escrowing your property taxes is a simple concept and useful tool for many property owners. When you escrow your property taxes, your lending company will assess you an extra amount over and above your mortgage payment each...
