by countyproperties | Oct 1, 2009 | Finance, Riverside foreclosure news, San Diego Foreclosure news
The U.S. Dept. of Housing and Urban Development (HUD) offers an online guide to preventing foreclosure. The guide provides consumers with information such as how to contact a housing counselor; when and how to talk to their lender, how to find foreclosure resources,...
by countyproperties | Oct 1, 2009 | Current Affairs, Finance, Riverside foreclosure news, Riverside Real Estate, San Diego Foreclosure news, San Diego Investment Properties, San Diego Real Estate, San Diego Short Sales
New Fed rules. Beginning Oct. 1, 2009 new rules adopted by the Federal Reserve will go into effect, requiring greater diligence on the part of mortgage lenders and brokers who issue high-cost loans for borrowers with less than favorable credit. The interest rates on...
by countyproperties | Sep 25, 2009 | Finance
FHA will tighten credit standards Although the Federal Housing Administration (FHA) has confirmed that as of Sept. 30 it will fall short of its legal requirement to maintain supplementary reserves of 2 percent of the loans it insures, FHA Commissioner David Stevens...
by countyproperties | Sep 18, 2009 | Finance, Real Estate news, Riverside foreclosure news, Riverside Real Estate, San Diego Foreclosure news, San Diego Real Estate
WASHINGTON – The Federal Reserve chairman, Ben S. Bernanke, said Tuesday that it was “very likely” that the recession had ended although he cautioned that it could be months before unemployment rates dropped significantly. “Even though from a...
by countyproperties | Sep 18, 2009 | Finance, Real Estate news
Legislation to extend California’s maximum $10,000 new-home buyer tax credit to thousands more buyers has stalled, failing to pass during the Legislature’s weekend rush to adjournment. Assembly Bill 765, a priority for home builders in the capital region...
by countyproperties | Sep 18, 2009 | Finance, Real Estate news, Riverside foreclosure news, San Diego Foreclosure news
Homeowners who find themselves struggling with mortgage payments and unsure how to handle the situation–short sale, foreclosure, or walk away–are advised to consider the impact of each on their credit scores. Loan modifications that roll late payments and penalties...
