by countyproperties | Feb 19, 2009 | Finance, Real Estate news, Riverside foreclosure news, San Diego Foreclosure news
Often the changes involve easing up on the interest rate or changing the payment schedule to give you more breathing room. Banks can offer loan modifications or other programs if you’re behind — or will soon be — on a mortgage.Often the changes...
by countyproperties | Feb 12, 2009 | Finance, Real Estate news, Riverside foreclosure news, San Diego Foreclosure news
Fannie Mae recently announced an expanded policy regarding multiple mortgages to the same borrower. To help support the recovery of the housing market, Fannie Mae is increasing its limit from four loans per borrower when the mortgage being delivered to Fannie Mae is...
by countyproperties | Feb 12, 2009 | Current Affairs, Real Estate news, Riverside foreclosure news, San Diego Foreclosure news
Although some housing markets across the nation have experienced price declines of 50 percent or more from their peaks, namely in high-cost states such as Florida and California, it appears a bottom is in sight. According to a report from Moody’s...
by countyproperties | Feb 5, 2009 | Current Affairs, Finance, Real Estate news, Riverside foreclosure news, San Diego Foreclosure news
Obama says time for action on recovery plan is now WASHINGTON – President Barack Obama says the time for talk on an economic recovery package is over and “the time for action is now.” Speaking at the Energy Department, Obama made a fresh plea for the...
by countyproperties | Feb 5, 2009 | Current Affairs, Finance, Riverside foreclosure news, San Diego Foreclosure news
FREDDIE MAC LAUNCHES NEW WORKOUT PLAN FOR HIGH-RISK LOANSFreddie Mac yesterday announced a new Workout Strategy For High Risk Loans pilot program designed to keep more at-risk borrowers in their homes by employing third-party servicers that specialize in servicing...
by countyproperties | Jan 29, 2009 | Current Affairs, Real Estate news, Riverside foreclosure news, San Diego Foreclosure news
This evening, the U.S. House of Representative passed H.R. 1, the Economic Recovery Package, by a 244 to 188 vote. The bill contains a number of issues critical to REALTORS® and the industry, including the extension, until the end of 2009, of all...
