california hard money: fannie mae to bring up the conforming limit ??? - 02/18/08 08:54 PM
Now what? Frankly, analysts feel that enactment is possible by mid-February but looks more likely by early March. No large investors will make any policy changes or announcements until the issues are less confusing, or even voted into law. Apparently, the bill would temporarily increase the limit on mortgages Fannie Mae … (0 comments)

california hard money: want to buy foreclosure properties, here are some websites - 09/02/07 03:50 PM
 
Psssst... wanna buy a foreclosed property? After a default and after the house does not sell at the Trustee Sale,
the bank/lender owns it. As most know, this is called "REO", for Real Estate Owned. Currently mortgage
companies continue selling their REO's through real estate agents, who list them on the … (3 comments)

california hard money: junk mortgage bond - 09/02/07 03:38 PM
 
But possibly the bigger news is that S&P said that it would change its methodology for ratings hundreds of
billions of dollars in residential mortgage-backed securities, and review its ratings on hundreds of billions of
dollars in the more complex collateralized debt obligations based on those subprime loans. It is expected … (0 comments)

california hard money: another guideline change: sub prime meltdown - 08/19/07 02:08 AM
Bear Stearns changed their product offerings on Friday. They suspended "No Ratio", NIVA, and "No Doc", all second home and investment loans, and their "No MI" programs.
Citi (at the risk of possibly repeating myself) is discontinuing the following programs: for Prime Lending, NIVA & NINA for Non-Agency Alt A, "Home on … (0 comments)

california hard money: california foreclosure - 08/05/07 04:26 AM
According to RealtyTrac, more than a quarter of the top 500 leading foreclosure zip codes are in California. Among them, seven East Bay zip codes are represented. Antioch led the region with two zip codes for a total of 837 foreclosures during the three months that ended June 15. The other … (0 comments)

california hard money: lender's getting restrictive - 08/05/07 04:13 AM
We all know that lenders are becoming more restrictive when issuing residential loans due to declining home prices and rising delinquencies. How much? The Federal Reserve's most recent Survey of Senior Loan Officers indicates that roughly 16% of respondents tightened credit standards in 2007-Q1, equal to the tightening that took place … (1 comments)

 
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