The California Association of Realtors announced its sponsorship of SB 1178. According to the association, legislation already in place since the 1930s has prohibited the collection of deficiency balances if the foreclosed loan was used to purchase the property. The new legislation would extend anti-deficiency protection for borrowers who have refinanced their original mortgages. View full [...]
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Realtors Seek to Block Lenders from Collecting Deficiencies on Refis
May 20th, 2010 
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Posted in Uncategorized 
Tags: Block, Collecting, Deficiencies, from, Lenders, Realtors, Refis, Seek 
No Comments »San Francisco area home sales slip from year ago – Reuters
May 20th, 2010 admin San Francisco area home sales slip from year agoReuters… marked a decline of 2.6 percent from March and an increase of 21.7 percent from a year earlier, the report by the real estate information service said. …Bay Area housing market holds its ground in AprilLos Angeles Times (blog)San Francisco Home Prices Jump 22%TheStreet.comBay Area home [...]
Originator Feedback From The Trenches; FHA Broker/Lender Approval Guidance; HomePath Update; Citi Non-Agency Lending; 95% MI
May 19th, 2010 admin Posted To: Pipeline Press My comments yesterday about the general state of mortgage bankers and brokers drew some interesting responses …. One reader wrote, " What actual data exists to show the percentage of brokers and bankers were any more dishonest than accountants, carpenters, mechanics, appraisers, bond traders , or whatever the reader does for [...]
Posted in Uncategorized Tags: Approval, Broker/Lender, Citi, Feedback, from, Guidance, HomePath, Lending, NonAgency, Originator, Trenches, Update No Comments »Forex Rescue Rumors Circulating. MBS Prices Bounce From Highs to Lows
May 19th, 2010 admin Posted To: MBS Commentary Choppy trading conditions continue to expand the already spacious "rate sheet influential" MBS coupon trading range…. The FN 4.5 has traded as high as 102-03 and as low as 101-21. Currently the FN 4.5 is flat on the day at 101-30 yielding 4.278%. The 10yr note is however steady near the [...]
Posted in Uncategorized Tags: Bounce, Circulating., Forex, from, highs, Lows, Prices, Rescue, Rumors No Comments »Kennedy Wilson Attracts up to $100M Equity Investment from Fairfax Financial – MarketWatch (press release)
May 18th, 2010 admin Kennedy Wilson Attracts up to $100M Equity Investment from Fairfax FinancialMarketWatch (press release)Kennedy Wilson has taken advantage of the current distress in the real estate market with purchases of note pools and hard assets totaling over $600 million …and more » View full post on california real estate – Google News Share and Enjoy:
Posted in Uncategorized Tags: $100m, Attracts, Equity, Fairfax, Financial, from, Investment, Kennedy, MarketWatch, press, release, Wilson No Comments »
