by countyproperties | Jan 21, 2012 | Latest News, Real Estate news, Riverside Real Estate, San Diego Real Estate
Improved employment figures and record home affordability levels could spawn a minor housing recovery this year, analyst Mark Fleming said Wednesday in the CoreLogicMarketPulse report. Fleming says economic concerns peaked in the summer of 2011 when politicians were...
by countyproperties | Jan 21, 2012 | Latest News, Real Estate news, Riverside foreclosure news, San Diego Foreclosure news
Foreclosure starts across the West Coast plummeted in December as California, Nevada and Washington reported double-digit declines in new mortgages entering the process, according to ForeclosureRadar. California, in particular, saw foreclosure starts decline by 30.6%...
by countyproperties | Jan 21, 2012 | Latest News, loan modification, Real Estate news, San Diego Foreclosure news, San Diego Short Sales
Fannie Mae will require mortgage servicers to install a new program providing forbearance relief to unemployed borrowers beginning March 1, according to guidance released Wednesday. Servicers will be able to provide up to six months of relief without getting approval...
by countyproperties | Jan 21, 2012 | Finance, Latest News, Real Estate news
Interest rates are the lowest in decades, enticing many borrowers to shop for a loan. Mortgage lenders adjust their rates based on perceptions of risk, so unless the borrower can show they’re a low-risk individual, the borrower is unlikely to qualify for a rate...
by countyproperties | Jan 21, 2012 | Latest News, Real Estate news
Sales of existing homes rose for the third straight month, increasing 5% in December, according to the National Association of Realtors. The trade group said the sale of single-family homes, townhomes, condos and co-ops increased to a seasonally adjusted rate of 4.61...
by countyproperties | Jan 21, 2012 | Latest News, Real Estate news
The housing sector will likely take incremental steps forward in 2012, though total originations will fall on fewer refinances, according to economists at Fannie Mae. The second half of the year should outpace the first six months in terms of growth, though fiscal...
