cardiff real estate: Obama administration revises anti-foreclosure strategy - 03/29/10 01:58 AM
The Obama administration’s newest foreclosure-prevention efforts, expands on the government's marquee foreclosure prevention program, Making Home Affordable. That program was originally expected to reach as many as 4 million borrowers, but it is not on track to help so many.
To reach its goal, the administration is adding tools to help lenders reach struggling borrowers who have lost their jobs or who are "underwater" because home values have plunged and they now owe more than their homes are worth.
 Administration officials said the new efforts are not designed to help all troubled borrowers, but rather those who stand the best chance … (4 comments)

cardiff real estate: MBS Program Nears End - 03/25/10 09:06 PM
In early 2009, the Fed embarked on a $1.25 trillion mortgage-backed securities (MBS) purchase program to help keep mortgage rates low and stimulate the economy. The amount purchased varied from week to week, reaching a peak of $33.2 billion in the week of March 25, 2009. The Fed has been gradually reducing the size of its purchases at a pace consistent with a March 31 conclusion of the program, and the most recent weekly purchases have been down to around $10 billion.
As the date nears, the big question is what will happen when the MBS purchase program ends. This … (2 comments)

cardiff real estate: Are We On The Road To Recovery? Some Housing Experts Say Yes - 03/21/10 05:44 PM
Some of the nation’s top economists believe the housing market has turned and better days are on the way for the housing industry.
  Increases in jobs, credit, and affordable homes will overcome impediments such as rising interest rates, and the expiration of the Federal stimulus program to push the housing market toward recovery, says Dean Maki, chief U.S. economist for Barclays Capital.
  “I would bet even odds that we’re at a bottom and that we’re going to see improvement in the coming months,” says Karl Case, co-creator of the S&P/Case-Shiller Home Price Index and a professor of economics at Wellesley College.

cardiff real estate: New Fed Statement Has Some Positive News - 03/18/10 09:49 AM
Fed Statement Summary: Fed says household spending is increasing at moderate rate, labor market stabilizing and inflation likely to be subdued for some time. The Fed is leaving rates unchanged at 0.25 and said will keep them exceptionally low for an extended period. keep in mind I am referring to the fed funds rate here which is the interest rate at which private depository institutions (mostly banks) lend balances (federal funds) at the Federal Reserve to other depository institutions, usually overnight 


cardiff real estate: Casino's Aren't The Only Place To Lose Your Money In Las Vegas - 03/16/10 08:03 AM
The average home in the USA has appreciated +1.7% (in aggregate, not per year) over the last 5 years (i.e., 2005-09). Homes in Wyoming have performed the best, gaining +26.7% on average. Homes in Nevada have fared the worst, losing 40.4% of their value (source: Federal Housing Finance Agency).


cardiff real estate: Time Is Running Out On First Time Buyer/HomeOwner Upgrade Tax Credits - 03/12/10 12:11 AM
The Worker, Homeownership, and Business Assistance Act of 2009 has extended the federally-supported tax credit of up to $8,000 for qualified first-time homebuyers purchasing a principal residence. It also authorizes a tax credit of up to $6,500 for qualified repeat or move-up homebuyers.The new tax credit expires April 30, 2010 (buyers must be under contract by April 30, 2010, and close on or before June 30, 2010). That means homebuyers should act now. With an estimated cost of $10.8 billion over 10 years (estimated by the Joint Committee on Taxation), it is not likely that the credit will be extended beyond … (0 comments)

cardiff real estate: New Program Will Pay Homeowners To “Shortsale” - 03/11/10 12:56 AM
In another sign of the times (crazy as they may be) on April 5, 2010, in an effort to end the foreclosure crisis, the Obama administration will start paying troubled homeowners to “Shortsale” their home. This latest program, which is still being fine tuned, will allow owners to sell for less than they owe and will give them a little cash to speed them on their way. Reports show more than five million households are behind on their mortgages and risk foreclosure. Only a small percentage of homeowners have been helped by the government’s $75 billion mortgage modification plan. The … (0 comments)

Rob Denny, "Dream Home Specialist" (HomeSmart Realty West)

Rob Denny

"Dream Home Specialist"

Carlsbad, CA

More about me…

HomeSmart Realty West

Address: 900 S. Coast Hwy 101, Encinitas, Ca, 92024

Office: (858) 504-0449

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