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Fannie Mae and Freddie Mac Offer A Reprieve for Unemployed Borrowers Yet Beware of Unpaid Balances Increasing.

Fannie Mae and Freddie Mac recently extended their foreclosure forbearance programs to give short-term aid to unemployed homeowners, but housing counselors warn that these borrowers will need to look at longer-term solutions.

December 2011 Existing-Home Sales Show Uptrend

Existing-home sales continued on an uptrend in December, rising for three consecutive months and remaining above a year ago, according to the National Association of Realtors®.

4 of US’s 10 Richest Zips of 2011 are in CA: Santa Monica’s 90402, Los Alto’s 94022, LA’s 90077, Portola Valley’s 94028, & BH’s 90210

That’s right: 4 of America’s 10 Richest Zips of 2011 are in California: No.10: Santa Monica’s 90402, No. 9: Los Alto’s 94022, No. 6 Los Angeles’ 90077, No. 5 Portola Valley’s 94028, No. 4 Beverly Hills’s 90210. Not a big surprise since key developments in the early 20th century included the emergence of Los Angeles [...]

Best Political Cartoons of the Week

Every Friday, we collect the best political cartoons of the week and stuff them into one big, glorious slideshow.

Here are some New Laws that our California State Legislature has Enacted in to Law effective Jan. 1 for 2012 and on…

With 2012, state laws kick in on everything from immigration to shark fins being allowed to be in soup. State legislatures passed close to 40,000 new laws in 2011, and a number of those measures take effect on Jan. 1. On some issues, like immigration, state laws are taking markedly different stands. But here’s what’s cooking in California.