David Shafer of Uncommon Financial Wisdon wrote an excellent guest post on Jeff Brown aka the BawldGuy’s Blog about how the current squeeze on middle income families occuring in our country should effect one’s investment decisions. Jeff is a San Diego real estate broker who specializes in finding good investment properties outside California.
I can certainly say we see this trend […]
Entries Tagged as 'Credit Information'
Middle income people are being squeezed!
July 15th, 2008 · No Comments
Tags: Credit Information · Investment Real Estate · Real Estate
Good information for owners considering a short sale
July 14th, 2008 · 2 Comments
Even on the San Francisco Peninsula, short sales do occur.
A short sale occurs when the existing loan balance on the property is greater than the value of the home.
The property is placed on the market and an offer is obtained which is accepted by the owner subject to the lender’s approval. The lender’s approval must […]
Tags: Short Sales · Credit Information · Real Estate Finance
Fed leaves rate unchanged - what will happen with mortgage rates?
June 25th, 2008 · 1 Comment
CNN reports that the Federal Reserve Board leaves its key short-term interest rate unchanged. By a vote of 9-1, the Fed decided to leave the rate at 2%. The sole dissenting vote was from the Dallas Federal Reserve Bank President, Richard Fischer, who voted for an increase.
It is unclear what this decision means for real […]
Tags: Credit Information · Real Estate Finance · Real Estate Data
Mortgage Update
March 17th, 2008 · No Comments
Linda Lunsman of Princeton Capital, a real estate mortgage lender, provides the following information:
“JUST WHEN I THOUGHT I WAS OUT…THEY PULL ME BACK IN.” Al Pacino in the 1990 film, The Godfather III And if Bonds and home loan rates thought they were out of the days of volatility…they got pulled right back in, as last […]
Tags: Credit Information · Helpful Sites · Real Estate Finance
Mortgage Market Update
March 10th, 2008 · No Comments
Linda Lunsman of Princeton Capital writes about a wild crazy ride (UPWARD) for mortgage rates last week.
”I’M GOING OFF THE RAILS ON A CRAZY TRAIN…” OZZY OSBOURNE And speaking of going off the rails crazy…Bonds and home loan rates just experienced one of the most volatile, crazy weeks ever seen, with fixed home loan rates rising […]
Tags: Credit Information · Real Estate Finance
Increase in Conforming Loan Limit may be in Doubt
January 28th, 2008 · No Comments
Inman News reports that the conforming loan limit agreement passed in the House of Representatives may run into opposition from Sentate Republicans.
Stay tuned for up to date information on this current legislative action.
Tags: Credit Information · Real Estate Finance · Real Estate
Potential Change in Fannie Mae Freddie Mac loan limits
January 24th, 2008 · 3 Comments
The House of Representatives has just passed a bill raising the Fannie Mae Freddie Mac loan limit from $417,000 to $625,000. The bill is on its way to the Senate and President Bush has indicated that he will sign the bill should the Senate pass it.
This is a potentially promising development for home buyers and […]
Tags: Pending Legislation · Credit Information · Real Estate Finance · Real Estate
The SF Chronicle finally gets a real estate article right !
January 6th, 2008 · 2 Comments
Carol Lloyd of the SF Chron, in an insightful article, talks about her friends who are first time buyers with a big down payment and how they can’t find a house to buy in San Francisco. Carol talks about how her friend’s experience - actually being out there in the market, looking at houses, trying […]
Tags: Credit Information · Real Estate Finance · Real Estate Data · Real Estate
2008 will bring change to FICO score calculations
December 23rd, 2007 · No Comments
The Wall Street Journal reports that Fair Issac will change the way their credit scores are calculated. The new system will be more forgiving on an occasional late payment but will be harder on repeat offenders. The FICO score developed by Fair Issac is used overwhelmingly my most real estate lenders.
Tags: Credit Information · Sub-Prime Mortgage Issue · Real Estate Finance
Bay Area Foreclosures
December 17th, 2007 · No Comments
The San Francisco Chronicle ran an informative and illiminating article Sunday on Bay Area Homes in Foreclosure.
6,557 Bay Area homes and condos were foreclosed on my lenders in the first 9 months of the year.
Of these, nearly 1 and 6 (a little under 1,000) were owned by individuals who lost more than 1 property to foreclosure […]
Tags: Credit Information · Sub-Prime Mortgage Issue · Real Estate Finance