Christine's Loan & Loan Modification Blog

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Mortgage and Lending - American Capital Corporation
This blog is for informational purposes regarding California, Orange County, Los Angeles, San Diego, Riverside, San Bernardino Home Loans. It also includes information about loan modifications. None of the information on this site is provided as legal advice, and all loan modifications including California loan modifications are referred out to Attorneys. This site is a site of opinion only.
RECENT BLOG POSTS
Credit Reporting agency Fitch Ratings has reported that default rates in California vary drastically between regions and are largely based on the home values in the area. The report shows that areas that did not have large gains in home values during the housing boom are generally experiencing fe...
05/13/2010
Here are some exciting new events for Laguna Beach, CA for the month of May! Dawson Cole Fine Art Hosts Sculptor Richard MacDonald Sculptor Richard MacDonald will be attending his exhibition "Platinum + Unique: A Body of Work - Exclusive, Rare, Platinum" at Dawson Cole Gallery in Laguna Beach May...
05/13/2010
May 23rd - Help Save the Whales! Make Your Voice Count! ATTEND THE MAIN BEACH DEMONSTRATION TO SAY NO TO KILLING WHALES.   Sign our online petition at: http://www.wanconservancy.org/whale_volunteer.htm   The U.S. has announced efforts to broker an agreement to allow commercial whale hunting for t...
05/13/2010
The National Association of Realtors released figures this week indicating that first time homebuyers made up 47% of all purchases in 2009. With the extensions to the homebuyer tax credit and still historically low mortgage rates, first time buyers took advantage of the benefits and raised the fi...
05/12/2010
In a report on last quarter Fannie Mae has reported almost twice as many foreclosures as the previous quarter. Fannie Mae now holds above $12 billion in single family foreclosures, up from $6.5 billion last year. Additionally, Fannie Mae's foreclosure rate is at 1.36% almost triple from the 2009 ...
05/11/2010
Wells Fargo has annouced that it posted a $2.5 billion profit in the first quarter, despite the fact that home loan originations are down for the year. Overall, Walls Fargo has made $21.4 billion in 2010, up 2% the same time last year. According to the bank, revenue from debit cards, insurance, a...
05/11/2010
I have bloged about this subject before and the political pressures to reduce principal balances for those severely underwater.  As we know in the real estate profession, value are up and down just like the stock market.  Sometimes we are in the black and others in the red, but we just wait out t...
04/19/2010
In an investigation by the Senate Permanent Subcommittee on Investigations, testimony has revealed that the Office of Thrift Supervision, a federal agency tasked with overseeing lenders, had been negligent in its oversight of Washington Mutual’s underwriting of subprime mortgages. Additionally, ...
04/17/2010
  Today Fannie Mae announced the decision to shorten the time a borrower has to wait before they can qualify for a mortgage after a short sale or foreclosure. These new guidelines come a week after the government’s Home Affordable Foreclosure Alternatives (HAFA) program hit the market, and Fannie...
04/17/2010
In a lawsuit backed by the testimony of two former Wells Fargo employees, the bank is accused of targeting minority neighborhoods in Memphis, Tennessee with higher rate loans as opposed to the white neighborhoods in the city. The practice of targeting disadvantaged borrowers with riskier loans i...
04/09/2010
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Christine Hynes

Orange County Senior Loan Consultant
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