California homeowners get holiday gift

Posted: 12/18/2013

The Mortgage Forgiveness Debt Relief Act (MFDRA), which is set to federally expire at the end of this year, has been circumvented by a clarification of California laws and statutes. The MFDRA is a government bill that offers relief to {...}

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Loan resets could cause future trouble

Posted: 11/20/2013

Mortgage experts, the Federal Reserve and economists are starting to worry that billions of dollars of home equity credit lines taken out by homeowners during the housing boom will begin to reset starting next year. When the housing market {...}

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Sales of Existing Homes Slump

Posted: 10/29/2013

The pace of the real estate recovery has hit a road bump as sales of existing homes last month dropped to a three year low. The National Association of Realtors reported this week that home sales slumped 5.6 percent during the month of September, {...}

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Housing Recovery Threatened

Posted: 10/03/2013

The government shutdown has begun influencing the mortgage market, which in turn is threatening the fragile housing market recovery. Although initially it was believed that the housing market would not be adversely affected by the government {...}

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29 percent of homes still underwater

Posted: 9/10/2013

While the US housing market continues with a slow, mending recovery, new reports from Zillow estimate that 12 million US homeowners still owe more on their mortgage than what their home is worth. Those 12 million US homeowners represent almost 30% of all Americans who hold a mortgage, and will likely still be underwater for years to {...}

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Market expects cooling after hot Spring

Posted: 7/23/2013

Recent data from the California Association of Realtors shows that during the Spring months, housing values and sales jumped by double digits. This is the first time in six years that the housing market is expected to have made gains during the fiscal year. The market gains started in April with home prices jumping nationwide by 12% {...}

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Almost half of modifications failing

Posted: 5/30/2013

Even with help from the government's Home Affordable Modification Program (HAMP), financially strapped homeowners may want to consider short selling their home rather than getting loan modification assistance. According to a new report from {...}

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Foreclosure starts on the rise

Posted: 5/13/2013

A new report from research firm RealtyTrac shows that California was one of 22 states to report an increase in foreclosure starts last month. Foreclosure starts, or the number of homes entering the first stages of the foreclosure process, are {...}

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Boomerang Buyers make a comeback

Posted: 4/08/2013

As the US housing market continues to stabilize, former homeowners who short sold their underwater homes are beginning to buy again. Their time out of the market is shorter than what many Americans might expect. Being referred to as "Boomerang Buyers", 70 percent people who were foreclosed upon or who short sold their home are expected {...}

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Effects of budget cuts on housing market

Posted: 3/04/2013

The US Congress failed to create a deficit reducing budget by the deadline of last Friday, which has caused automatic spending cuts to go into effect. The spending cuts, also known as Sequestration, will have a dramatic impact across all financial sectors {...}

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