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mortgage: HARP 2 Guidelines for Refinances Appraisals Waived Montclair Oakland Piedmont - 11/01/11 05:12 PM

Direct Link
http://www.youtube.com/user/RealEstateBuzzz?feature=mhsn#p/a/u/0/FQw1fPRZuLM
The big news this week is HARP.
THE Home Affordable Refinance Program has been “re stringed”
HARP was designed to assist distressed borrowers who are current on their mortgages but “underwater” meaning they owe more than their home is worth.
It’s no surprise several studies identified these borrowers as being likely to strategically default on or walk away from their homes and foreclose.
While regulations won't be finalized until November 15th the changes to “Harp 2” include -
•Removing the 125 percent loan-to-value. •Waiving risk-based fees on borrowers who take shorter term mortgages and reducing those fees … (0 comments)

mortgage: The New Government Refinance Program ALAMEDA MORTGAGE MINUTE REAL ESTATE - 09/01/11 06:53 PM
Having trouble viewing? Watch on You Tube! http://youtu.be/tLW3_dfS_SI … (0 comments)

mortgage: Energy Efficiency and Your Home Mortgage in the San Francisco Bay Area - 06/03/11 01:12 PM
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mortgage: PULP Loan Friction Episode 3 The Gold Tape Measure - 02/18/11 10:20 PM
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mortgage: THANKFUL 2010 My Thanksgiving Video 2010 - 11/24/10 12:01 PM
I want to wish you and your loved ones a Safe and Happy Thanksgiving. I hope you like this message I made for you! If you do Please SHARE by forwarding to a friend! Happy Thanksgiving! … (0 comments)

mortgage: GSE Loan Limits remain unchanged through Q3 2011 in Alameda County - 11/23/10 03:30 PM
For the third year in a row agency loan limits remain unchanged. The maximum figures  will apply to all mortgage loans originated before September 30, 2011 and are determined by rules established by the Housing and Economic Recovery Act of 2008 (HERA) and the Economic Stimulus Act of 2008 (ESA).
For the first three quarters of 2011 the conforming loan limit will be $417,000 with high cost loan limits going to $729,750 by county.  Alameda county loan limit will be $729,750.  This applies for both conventional and FHA financing.
With falling home prices or stability at best I think this is … (0 comments)

mortgage: Caught in the Fire - The Short Sale Epidemic - 10/16/09 12:25 PM
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mortgage: Four Generations in the Real Estate Market - 08/11/09 01:48 PM
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mortgage: Home prices in May 2009 are at levels last seen in mid-2003 - According to Case Shiller - 07/28/09 01:59 PM
Home prices across the nation improved for in May but remain about 17% lower than one year ago, according to the S&P Case-Shiller Home Price Index.

Home prices in May 2009 are at levels last seen in mid-2003, "indicating that the three years of appreciation that occurred from 2003-2006 were all given back in the following three years," said a Case-Shiller press release.
Since prices peaked in Q2 2006, the 10-City Composite has fallen  33.3%!!! Yikes!
Regionally, annual price declines remain biggest in the West and the South. Home prices in Phoenix have plummeted 34.2%, while prices are down 32.0% … (0 comments)

mortgage: Bay Area Existing Home Sales and Foreclosure Filings Rise....hmmmm - 07/27/09 11:53 AM
The shift has changed almost instantaneously here in the Bay Area from a cold and quiet climate to multiple offers, overbidding, and a LOT of buyers writing offers!  According to the SF Chronicle "Bay Area home prices rose month-over-month for the third straight time as sales reached their highest level in three years in June, fueling hopes that the limping real estate market is slowly beginning to heal."
The median price paid for an existing, single-family home across the nine-county region was $360,000 in June, down 29.4 percent from a year earlier but up nearly 7 percent from May, according to … (2 comments)

 

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