Posted on April 27th, 2011 by Carlo Capomazza
A chance to remodify your loan mod: If you were unsuccessful at modifying your home loan, perhaps this will sound familiar: while you were making your trial payments, your servicer simultaneously began the foreclosure process.
Due to the federal penalties against mortgage servicers and a recent court ruling in California, a new wrinkle to the foreclosure prevention effort has emerged. If you [...]
Filed under: Loan modification, Mortgage, News, Real Estate Market, Refinance, VRN | No Comments »
Posted on April 25th, 2011 by Carlo Capomazza
Two weeks ago I suggested that homebuyers be ready to act swiftly if mortgage rates dipped, since most experts are predicting that rates will remain on an upward trend as we look forward. I hope you potential homebuyers out there were listening because mortgage rates did ease last week, and current market conditions have made [...]
Filed under: Buying, Loan modification, Mortgage, Mortgage Rates, News, Real Estate Market, Refinance, VRN | No Comments »
Posted on October 18th, 2010 by Carlo Capomazza
After reading the title of this post you may be saying to yourself, “Why would I want rates to rise?” Don’t get us wrong, historically-low mortgage rates have been one of the only things keeping the housing market moving. However, these rock-bottom rates are also an indication of just how poor things are, economically speaking.
That [...]
Filed under: Mortgage Rates, News, Real Estate Market, VRN | No Comments »
Posted on August 14th, 2010 by Carlo Capomazza
I’m up to my eyeballs everyday in the latest financial and economic news because it’s my job. That said, I wasn’t surprised at all when I read (and I have read it many times before) that many economists feel that the economy would be better off if policy makers stepped aside and let the natural [...]
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Posted on August 11th, 2010 by Carlo Capomazza
After the conclusion of the Federal Open Market Committee’s (FOMC) one-day meeting on Tuesday, the Fed announced measures that will help serve to keep mortgage rates low if need be:
To help support the economic recovery in a context of price stability, the Committee will keep constant the Federal Reserve’s holdings of securities at [...]
Filed under: Mortgage Rates, News, Real Estate Market, Refinance, VRN | No Comments »
Posted on July 24th, 2010 by Carlo Capomazza
From the Office of Abbe Land to a neighbor of mine in the Norma Triangle: Dear ……., The City of West Hollywood is aware of the concerns expressed by residents on Hilldale Avenue regarding the sober living facility, KLEAN - West Hollywood. The City has been investigating the operation of KLEAN to determine whether they are properly complying with [...]
Filed under: Commentary, Current Events, Health, LA Area, News, VRN, West Hollywood | No Comments »
Posted on July 4th, 2010 by Carlo Capomazza
Last week’s blog posts pretty much focused on the homebuyer tax credit’s closing deadline. We did our absolute best to deliver the latest news as it happened. Let’s review last week’s posts:
Saturday:
“GUEST POST: ‘All Right! The Deadline Has Been Extended!‘”:
All right! The deadline has been extended to September 30! I work in mortgage banking and have been working [...]
Filed under: Current Mortgage Rates, Homebuyer Tax Credit, Mortgage Rates, News, Real Estate Market, VRN | No Comments »
Posted on July 2nd, 2010 by Carlo Capomazza
UDATE3: President Obama signed a three-month extension of the homebuyer tax credit’s closing deadline this morning.
The president also signed into law the “National Flood Insurance Program Extension Act of 2010,” reports HousingWire.com.
Lawmakers weren’t able to agree on the extension of unemployment benefits before their July 4 recess; they’re expected to continue their debate when they [...]
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