Archive for the 'mortgages' Category

Nationwide foreclosure activity jumps by 12,000 from June to July. One in 397 received a foreclosure filing during the month of July.


FHA has become the new toxic lender of first resort – 4 out of 10 loans made in expensive Southern California are FHA backed. FHA now backing apartments in Manhattan with a price tag of $820,000 to $3 million with a 3.5 percent down payment.


Million dollar California foreclosures – 35 examples of massive upper-tier foreclosures including one home that is underwater by $2.2 million. Santa Monica housing still in a bubble.


5 reasons why the California real estate market will weaken from August to December of 2010: California budget delay, inventory growth, and three other important factors.


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