REO Bulk Sales Initiative is a BAD Idea

The Federal Housing Finance Agency’s bulk sales plan, whereby certain banks will allow third party institutional investors to purchase multitudes of bank owned (REO) loans in bulk, is moving ahead at full speed, and is doing so quietly. Against pleas from members of Congress, the California Association of Realtors (C.A.R.) and others involved in the…

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California Love

Most people who live here, love it here. I am a 100% California girl, have lived here since the day I was born, and have no desire to leave. See what others think of California via moving trends.   Infographic courtesy of C.A.R.

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California Passes Homeowner Bill of Rights

It is official – today California passed the controversial Homeowner Bill of Rights. The controversial bill, which actually consists of a series of bills, was created to protect the rights of mortgage borrowers and those caught in the foreclosure process. The law will take effect January 1, 2013, and focuses on the following: Single point…

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Real Estate News REcap: July 6

Housing Affordability is Up: The National Association of Realtors has reported that housing affordability is at it’s highest level since the 1970s, when such record-keeping started. The Housing Affordability Index measures the relationship between median home price, median family income, and average mortgage interest rates. As the index climbs higher, household purchasing power grows. An…

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California Needs to Prioritize

The economy has created troubling times for many people and institutions, and it is interesting to look at how the states are dealing with these problems. California is no exception, and is trying to help revamp the state budget so it can run more efficiently. What are the biggest problems in our state, and how…

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“Keep Your Home California” Program To Help More Homeowners

Keep Your Home California, a state program that was designed to help homeowners avoid foreclosure, has broadened criteria and may now help you keep your home. The program, which debuted just over a year ago with four ways to help distressed homeowners, will now offer mortgage relief to more state residents. The original program offered…

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