Posted on October 1st, 2010 by Carlo Capomazza
Late yesterday, President Obama signed a resolution that included a provision extending through fiscal year 2011 the current conforming loan limit of $729,750 for high-cost areas, including many in California. The same limits will also be extended to loans insured by the Federal Housing Administration.
Filed under: Buying, Current Events, Fannie Mae, Making Home Affordable, Mortgage, Real Estate Market, Realtor, VRN | No Comments »
Posted on August 6th, 2010 by Carlo Capomazza
Ready to buy? Then here’s what documentation you need to prepare so a mortgage banker can let you know exactly what loan amount and purchase price you can qualify for…
Filed under: Buying, Finance, IRS, Making Home Affordable, Money-Saving, Mortgage, Mortgage Rates, Real Estate Market, VRN | No Comments »
Posted on July 20th, 2010 by Carlo Capomazza
Posted on July 1st, 2010 by Carlo Capomazza
Recently, Bank of America sent out nearly 100,000 solicitations to distressed homeowners offering them a chance at a deed-in-lieu transaction.
Filed under: Current Events, Foreclosure, Mortgage, Real Estate Market, Short Sale, VRN | No Comments »
Posted on June 20th, 2010 by Carlo Capomazza
Trulia.com and RealtyTrac recently surveyed U.S. adults to get some insight into what people *think* is involved with buying a foreclosure. Here are the Top 10 Myths that came up, and the facts to set the record straight…
Filed under: Commentary, Credit, Current Events, Foreclosure, Mortgage, Real Estate Market, Short Sale, VRN | 1 Comment »
Posted on May 10th, 2010 by Carlo Capomazza
Nearly two years later lenders are much savvier about selling bank-owned properties, and their newfound know-how is grounded in the basics of supply and demand, which are both heavily impacted by foreclosures in the 2010 marketplace. Sales of properties in some stage of foreclosure accounted for one-third of all sales in the first three months of the year, according to Rea
Filed under: Commentary, Current Events, Foreclosure, Mortgage, Real Estate Market, Realtor, Short Sale, VRN | No Comments »
Posted on April 28th, 2010 by Carlo Capomazza
The Fed reiterated its expectation that the benchmark fed
funds rate would remain “exceptionally low,” as it has since
December 2008, for “an extended period,” despite growing
concerns among policy makers that the stance was too
constraining.
Filed under: Current Events, Economy, Finance, Mortgage, Real Estate Market, VRN | No Comments »
Posted on March 20th, 2010 by Carlo Capomazza
Is it time to rush out and buy a house before mortgage rates go up? As the Federal Reserve winds down its intervention in the mortgage market, rates on home loans are generally expected to rise at least modestly during the rest of this year from today’s unusually low levels. Some analysts believe mortgage rates [...]
Filed under: Economy, Mortgage, Real Estate Market, Tax Issues | No Comments »
