Monthly Archives: December 2010

Fannie Mae Guidelines Change Monday. Apply Today To Lock In To "Old" Rules.

Fannie Mae rolls out new mortgage guidelines Monday. Therefore, if you’re in the process of applying for a conforming home loan, consider giving your complete application by the close of business Friday. Continue reading

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Posted in Mortgage Guidelines | Tagged | Leave a comment

Home Affordability Reaches Record-Levels… Last Quarter.

Prior to 2009, the Home Opportunity Index rarely topped 65. The index has remained above 70 ever since. Continue reading

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Posted in Home Values | Tagged | Leave a comment

Mortgage Delinquency Rate to Fall 20 Percent in 2011?

The mortgage delinquency rate (the ratio of borrowers 60 or more days behind on mortgage payments) is expected to fall nearly 20 percent by the end of 2011 to 4.98 percent, according to TransUnion. Continue reading

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Posted in California real estate, Coto de Caza real estate, Distressed properties, Foreclosures, Household Finances, Orange County California, South Orange County California | Leave a comment

Industry Completes 1.5M+ Loan Mods in 1st 10 Months of 2010

Far more homeowners are receiving workout solutions — including loan modifications — than are going to foreclosure sale each month Continue reading

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Posted in California real estate, Coto de Caza real estate, Distressed properties, Loan modifications, Orange County California real estate, South Orange County California | Leave a comment

Boost Your 2010 Tax Deductions By Making Your January Mortgage Payment A Little Bit Early

Looking for an extra 2010 tax deduction? Consider making your January mortgage payment a few days early. Continue reading

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Pending Home Sales Index Points To A Budding Seller's Market

The Pending Home Sales Index surged 10 percent in October as low mortgage rates and low home prices spurred buyers into action. The market looks different today, however. Continue reading

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What's Ahead For Mortgage Rates This Week : December 6, 2010

After a spectacular run that drew 30-year fixed rates to near 4.00, mortgage rates have returned to their highest levels since late-June. Continue reading

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Posted in Weekly Review | Tagged | Leave a comment

Understatement : Freddie Mac Says Mortgage Rates Rose Last Week

Mortgage rates are moving quicker than the news can accurately report them. This week’s Freddie Mac mortgage rate survey is an excellent example. Continue reading

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Mortgage Rates Rapidly Rising On Jobs Data; More Risk Ahead For Friday

Mortgage rates are rising, up nearly 1 percent since mid-October. Tomorrow, rates could rise again. Continue reading

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September's Case-Shiller Index Reflects A Slowing Housing Market

Standard & Poors released the September Case-Shiller Index Tuesday. The Case-Shiller Index is a home-value tracker. The report shows home prices down 0.7% from August and values fading, in general. Continue reading

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