Until recently, a credit score of 680 was something to be proud of. It meant you paid most of your bills on time, got dinged when you went shopping for a refi, but in general, had a solid enough record to get a loan at the best rate.
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From Smart Money.com
Friday, October 22, 2010
Mortgage database’s murky legal status adds another wrinkle to foreclosure mess
Major banks and mortgage lenders are coming down with another legal headache in their efforts to seize properties from homeowners in default.
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From the Los Angeles Times
Mortgage rates edge higher after three weeks of declines
Fixed rates on home loans edged higher this week after three weeks of declines, Freddie Mac said in its latest survey.
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From the Los Angeles Times
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From the Los Angeles Times
Real Estate News for week of 10/22/2010 from San Jose Mercury News
Despite low interest rates, home sales are continuing to decline in Santa Clara and San Mateo counties as many prospective homebuyers remain nervous about the economy, according to a new report issued Thursday. Read article »
WASHINGTON -- Rates on 30-year fixed mortgages rose slightly from their lowest level in decades, inching up to a national average of 4.21 percent. Read article »
Home sales in Santa Clara County were down sharply last month from a year earlier, but the median price for a single-family resale house climbed 13.6 percent to $575,000. Read article »
LOS ANGELES -- Home sales in Southern California last month fell 16 percent from a year earlier to reach their lowest September level in three years, a tracking firm said Tuesday. Read article »
Residential transactions in Santa Clara County, San Mateo County, San Francisco and southern Alameda County. ------------------------------
WASHINGTON -- The White House says federal agencies are investigating allegations of widespread errors in foreclosure documents. Read article »
Just 10 days after announcing a nationwide halt to foreclosure sales, Bank of America, the nation's largest bank, said Monday that it would begin resubmitting paperwork on Oct. 25 to restart foreclosures on borrowers who missed their payments in 23 states. Read article »
It seemed too good to be true: You bought a house in foreclosure at a fraction of the former price. Maybe you even knocked out a wall or two and remodeled with all the money you saved.Read article »
WASHINGTON -- Builders are pessimistic about the housing market, but are seeing a little more foot traffic after the worst summer for home sales in a decade. Read article »
LOS ANGELES -- Angelo Mozilo, who presided over the spectacular rise and devastating fall of Countrywide Financial, struck a deal Friday to avoid going to trial next week on accusations of investor fraud and insider trading. Read article »
Monday, October 18, 2010
Brandon Knapp's Market Update 10/18/2010
Last Week in Review: Quantitative Easing is heading our way, but when, why, what will it mean? Many questions remain...
Forecast for the Week: What kind of outlook will the economic reports of the week create?
View: 5 Facebook posts that put you at risk! Do you know what they are?
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