Housing Buzz

Mortgage and Lending - Eagle Financial & Properties Group
Blogging about All things Real Estate in the Silicon Valley, Santa Clara, San Jose, Campbell, Morgan Hill, Gilroy and Beyond...
I have recently been hearing from a lot of real estate agents about their buyer's frustrations with the mortgage industry. It seems that most lenders today are taking forever to respond to new loan applicants, not too mention provide them with any speck of customer service, making it nearly impos...
Summer Selling Season in High Swing Overview: The numbers are out and things are continuing to improve in our local real estate markets. All across Santa Clara County, the median home price is rising (up 11% last month to $540,000 in July), supply is falling and demand is still growing. We're by ...
Since a short sale transaction is never a guaranteed solution for the seller, i.e. the seller's bank is not obligated to accept a short payoff on their outstanding loan, buyers who decide to make offers on short sale properties should be aware of several important considerations: 1. Buyers should...
For residents of Santa Clara County there is a new Foreclosure Assistance Service available - The Santa Clara County Association of REALTORSĀ®, in partnership with the City of San Jose, has helped to establish a Foreclosure Resource Center for all the residents of Santa Clara County. The 'Center' ...
Well, we're officially well into the spring/summer selling season and things are really heating up in our local markets - but how long can you expect this trend to continue? That's the trillion dollar question! Looking back at May we had great news for California as existing-home sales are up 80...
Radian Group, Inc. a major insurer of private mortgage insurance for conventional financing announced today that they will temporarily no longer offer mortgage insurance for purchase money loans in CA. Until recently, Radian was among the last mortgage insurance provider offering higher loan-to-v...
Due to the current financial crisis, credit card carriers to mortgage providers are upping their credit standards and making it harder for consumers to qualify for an extension of credit.Ā  It only seems timely that I spend this blog on reminding everyone the importance of actively managing your c...
That's the issue - Lenders want the housing market to recover before they open up up the lending markets. Mortgage guidelines will not loosen until the housing market and the overall economy shows signs that we are well into a recovery. And the housing market will likely not see a strong recovery...
I must hear this question at least 20 times a day, from past clients to my referral partners and other mortgage brokers. Since I'm an optimist, my answer is always a resounding "yes" and lately I'm believing myself more and more. Although we've been hearing negative news for quite some time now t...

Bradley Gill

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