Bay Area, state foreclosure filings decline
Jan 24th
Foreclosure filings declined in California and the Bay Area in the fourth quarter of 2011 as the housing market improved and lenders evolved their policies for home repossessions, according to a report released Tuesday by DataQuick, a real estate service based in San Diego. More >
FHA tightens rules, penalties for mortgage lenders
Jan 23rd
The Federal Housing Administration will toughen its standards for approving lenders that insure mortgages on its behalf and force more of them to buyback defaulted loans. More >
RCom gets Chinese banks to refinance Rs 6,125 cr loan
Jan 17th
Reliance Communications, the telecom arm of Anil Ambani-led group, on Tuesday said three leading Chinese banks have agreed to refinance its outstanding foreign loans worth Rs 6,125 crore, making it the biggest ever overseas loan refinancing arrangement by any Indian company. More >
Affordable homes for the young is a key requirement
Dec 27th
Only falling house prices failed to prevent first time buyer numbers slumping to an all-time low this year despite home ownership becoming more affordable than it has been for eight years.
Fewer than four years’ average earnings are now needed to buy the typical first-time buyer property in just under half of local authority districts, according to new figures released by the Halifax. More >
FHA loan limit increase benefits sellers
Dec 20th
Just in time for the holidays, the FHA (Federal Housing Administration) loan limit increase back to $729,750 from the $625,500 limit that existed prior to the mortgage crisis and for about half of 2011. More >
Foreclosures and evictions on hold for the holidays
Dec 13th
Families in foreclosed homes are getting a holiday reprieve again this year, as government sponsored mortgage giants Fannie Mae and Freddie Mac, along with major banks such as Wells Fargo are holding off on foreclosures and evictions until 2012. More >
Renting’s edge over homebuying at record low
Dec 6th
Renting’s financial edge over homeownership — at least by one measure — is at a record low in Orange County. More >
New FHA Loan Limits Released
Dec 5th
Recently enacted legislation impacted loan limits on mortgages that are insured by the Federal Housing Administration. Details about the new limits have been released. More >
Call for cheaper car insurance deals
Nov 28th
Young people would pay lower insurance premiums if they just use their cars to get to work or college under proposals put forward by Labour. The “sky-high” cost of car insurance is “pricing young people out of driving”, according to the opposition. More >
U.S. Congress moves to raise FHA loan limits
Nov 15th
Republicans and Democrats in the U.S. Congress on Monday agreed on a measure that would increase the maximum size of mortgage loans that can be insured by the Federal Housing Administration, a key funding source for U.S. home loans. More >
