The Beverly Hills Real Estate blog for Tuesday 4-24-13
Welcome to the written blog and check out our video blog which is posted around noon time here or on Facebook at http://youtu.be/4bILMfdxl70
Tuesday April 24th cloudy and cool 68. Lots of news today:
Big banks a day late, a hundred thousand dollars short
Poll: Do you believe the settlement payments make economic sense?
Guess who's coming out ahead? (Hint: it ain't borrowers.)
Fannies phantom profits
The neer do well of government housing finance posted record profits in 2012.
Move over grandma, junior is moving back in
Is this a new trend, or a short-term fix?
Weekly Statistical Update
This week: Low rates drive speculation.
Want more news?
Catch up on current market rates and the latest first tuesday polls.
Tips and Opinions
Weekly Tip: Kickbacks can run but they can't hide
Don't fall into the trap of RESPA violations.
Comment of the Week
"Have the GSEs not learned anything about the incredibly high default rate on a loan that has been modified by a borrower/homeowner in financial distress? Fannie/Freddie should be required to disclose side by side how this will cause the borrower to pay more in interest and reduce how quickly they build equity and keep them underwater longer." -Brad Yzermans on New loan mod program automatic, ineffectual
Renewal courses tailor-made to your practice
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Have a good one.
“Atwater Village,” “West Hollywood,” “Westlake,” “Calabasas,” “Encino”, “Van Nuys,” “ Studio City,” “ North Hollywood,” “Universal City,” “Toluca Lake,” “ Glendale, Pasadena,” "Real Estate (Industry,)” Daily, "California (US State)," “Hollywood Hills East and West,” “Los Feliz”
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