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Information and commentary to keep buyers and sellers up on the Southern California and Long Beach area real estate.
Recent Posts Tagged With 'subprime loans'
Even A Middle School Student Could Get It
Quote of the week:"Amid the extraordinary financial events of the last few days, the Fed kept monetary policy on hold. In doing so, the Fed made clear its desire, to the extent possible, to separate its monetary policy decisions from the circumstance...
Guidelines for the Interest Rate Freeze
Today's news and guidelines on loans eligible for the interest rate freeze:According to the New York Times, the goal of the President's plan is to convert as many subprime ARMs as possible into "more sustainable loans." However, the freeze applies on...
Interest Rate Freeze on Adjustable Rate Mortgages
More to follow, but today's news, and it should be good news for many people, is that rates for loans initiated January 1, 2005 through July 30, 2007 will stay put. If your rates were scheduled for a "reset" between January 1, 2008 and July 31, 2010,...
CAR: July's California Median Home Price at $586,030
While the sales volume continues to decline, the median price in this state remains strong. July's median price for single family homes (excluding condominiums) is even a little higher than this time last year, according to the California Associatio...
Volatility in the Credit Markets
The world of loans and finance is like a global pile of pick-up-sticks, and this last week demonstrated how one move rolls everything. On August 9th France's largest bank BNP Paribas halted withdrawals on the investment funds it said could not be fai...
How to Read Your Mortgage Documents
This is a great article from YOU Magazine specifically relating to adjustable rate mortgage documents. The links show very explanatory illustrations:Every day you read another horror story about the subprime collapse. Most of the stories focus on the...
Read It All Here: Gary Watts' Mid-Year 2007 Report--Foreclosures, The Media, The Subprime Market and Where It's Going
"I am holding to my original forecast for this year. I knew the 1st and maybe the 2nd quarter would be a rough one. I think the Fed will cut the interest rates later this year, and home prices will begin to firm up and even appreciate in the fall, es...
Clearing Up the Loan Picture
Since I frequently hold open houses I regularly talk to prospective buyers. It's no secret that sales volume has dropped and that predictions abound about the coming drop in prices. I think one of the reasons for buyers holding off is because home sh...
