Randy Johnson, president of Independence Mortgage Co. in Newport Beach, author of “How to Save Thousands of Dollars on Your Home Mortgage” and a mortgage broker since 1983, answers questions… Q. My wife and I purchased a one-bedroom condo in … Read More
California will be one of five states designated to receive up to $1.5 billion to help unemployed homeowners and those who owe more than their homes currently are worth, according to several news reports. Dubbed the Help for the Hardest-Hit … Read More
Five people in a $13 million mortgage fraud ring targeting more than 100 southern California homeowners were sentenced this week in federal court, receiving terms of 1 to 15 years. . Edward Seung Ok, 44, who pleaded guilty to mail fraud, … Read More
Randy Johnson, president of Independence Mortgage Co. in Newport Beach, author of “How to Save Thousands of Dollars on Your Home Mortgage” and a mortgage broker since 1983, answers questions… Q. We have a second home with $300,000 equity and … Read More
Online real estate tracker Zillow reports that the share of Orange County single-family homes with mortgages larger than the current value of the home — so-called “negative equity” or “underwater” — was 14.4% percent in the 4th quarter of 2009, barely up … Read More
Orange County’s housing mix has changed in a year, with more short sales and equity sellers and fewer bank-owned homes on the market compared to last January. That comes from Steve Thomas of Altera Real estate , who does a … Read More
Randy Johnson, president of Independence Mortgage Co. in Newport Beach, author of “How to Save Thousands of Dollars on Your Home Mortgage” and a mortgage broker since 1983, answers questions… Q. I believe your column is for home owners but … Read More
Demand for real estate loans has dipped in recent months, according to the Federal Reserve’s survey of lenders. And some banks continued to tighten loan standards on property lending, while banks are mostly done turning the screws on other types … Read More
Randy Johnson, president of Independence Mortgage Co. in Newport Beach, author of “How to Save Thousands of Dollars on Your Home Mortgage” and a mortgage broker since 1983, answers questions… Q. I currently own four properties with mortgages on them. … Read More
I missed this yesterday from Bank of America: Bank of America announced that it is the first mortgage servicer to sign an agreement formally committing to participation in the pending second-lien component of the federal government’s Home Affordable Modification Program … Read More