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October 6th, 2009 - Mortgage - Loans - Equity Category: Home Mortgage
“How Many A.D.D. kids does it take to screw in a light bulb? …wanna go ride a bike? If you don’t have days like this – pleassseeee skip the rest of this post series – it’s not for you. Not … Read More
October 6th, 2009 - Mortgage - Loans - Equity Category: Home Mortgage, Mortgage
Of a dozen houses and condos that banks seized during a Santa Ana foreclosure auction on June 26, only four have been sold or marketed for sale, according to my checking on sites Redifin.com and SocalMLS.com. Eight properties have been … Read More
October 5th, 2009 - Mortgage - Loans - Equity Category: Mortgage Rates
From Reuters: US apartment vacancy rate hits 23-year high-report The U.S. apartment vacancy rate rose to 7.8 percent in the third quarter, its highest since 1986, … according to Reis. … “It makes me wonder whether the avalanche is on … Read More
October 5th, 2009 - Mortgage - Loans - Equity Category: Mortgage Rates
From Vanity Fair: Wall Street’s Near-Death Experience (ht jb) The Vanity Fair piece is an excerpt from Andrew Ross Sorkin’s ” Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System—and … Read More
October 5th, 2009 - Mortgage - Loans - Equity Category: Equity, Finance, Home Mortgage, Loans, Mortgage
Randy Johnson, president of Independence Mortgage Co. in Newport Beach and the broker who regularly answers reader questions on this blog, sent out this note last week (note: he said fixed rates today are 4.625%): Where is Everybody? I look … Read More
October 5th, 2009 - Mortgage - Loans - Equity Category: Mortgage Rates
From NY Fed President William Dudley: A Bit Better, But Very Far From Best … My assessment of where things stand today is mixed. On the positive side, the financial markets are performing better and the economy is now recovering. … Read More
October 5th, 2009 - Mortgage - Loans - Equity Category: Mortgage Rates
Press Release : CityCenter Announces Residential Price Reductions (ht Charlie) CityCenter … on the Las Vegas Strip, has announced that a 30 percent price reduction will be offered at closing to the existing buyers of CityCenter’s three luxury residential offerings: … Read More
October 5th, 2009 - Mortgage - Loans - Equity Category: Finance
Three years ago, one of my mentors was debating internally about how to handle a personnel situation. There were enough funds to employ one person. The performance of one worker was better overall, but the other worker often showed flashes … Read More
October 5th, 2009 - Mortgage - Loans - Equity Category: Home Mortgage, Loans, Mortgage
Steve Thomas at Altera Real Estate in Aliso Viejo reports that the number of O.C. distressed properties (homes listed by agents as foreclosures or short sales) was 2,346 last week, -38 vs. two weeks earlier or a -1.6% change. Thomas … Read More
October 4th, 2009 - Mortgage - Loans - Equity Category: Mortgage Rates
From Bloomberg: Roubini Says Stocks Have Risen ‘Too Much, Too Soon, Too Fast’ “I see the risk of a correction, especially when the markets now realize that the recovery is not rapid and V-shaped, but more like U- shaped. That … Read More