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Thursday, April 04, 2013 4:18 PM

File Bankruptcy to Avoid Foreclosure? Think Again

Talking Points Some homeowners who are behind on their mortgage payments and other debt obligations may think that filing for bankruptcy will prevent their home from going into foreclosure; but they are mistaken. A Chapter 7 bankruptcy – the most
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Thursday, April 04, 2013 4:16 PM

A mortgage practice gets a closer look by regulators

The New York Times Federal and state regulators are taking a look at the practice in the lending industry of purchasing and billing homeowners for property insurance policies that have lapsed. Read the full story
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Thursday, April 04, 2013 4:11 PM

Loans for a niche market

The New York Times During the height of the real estate cycle, many people complained that lenders issued interest-only loans too freely. Their availability now is restricted to a privileged few. Making sense of the story A staple of the jumbo market,
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Thursday, March 28, 2013 7:58 AM

Fannie Mae and Freddie Mac help 2.7 million with foreclosure prevention actions

Fannie Mae and Freddie Mac completed more than 540,000 foreclosure prevention actions during 2012, bringing the total foreclosure prevention actions to nearly 2.7 million since the start of conservatorship in 2008. These actions, which have helped more
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Thursday, March 28, 2013 7:56 AM

FHFA announces new Streamlined Modification Initiative

The Federal Housing Finance Agency (FHFA) has announced that Fannie Mae and Freddie Mac will offer a new, simplified loan modification initiative to minimize losses and to help troubled borrowers avoid foreclosure and stay in their homes. Beginning July
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Thursday, March 28, 2013 7:52 AM

Short Sale vs Deed-in-Lieu

Talking Points Some homeowners who are having problems making their mortgage payments may think that a deed-in-lieu of foreclosure – in which the lender agrees to take back the keys and let the homeowner walk away – is better than spending
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Thursday, March 28, 2013 7:48 AM

Many underwater homeowners are coming up for air

The Los Angeles Times The Fed reports that Americans have seen the equity in their homes jump nearly $500 billion in the last quarter of 2012 and $1.7 trillion since spring 2011. Read the full story -->
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Friday, March 15, 2013 8:08 AM

Misconceptions Regarding CA Homeowner Bill of Rights

Talking Points One of the most-common misconceptions held by underwater homeowners is that the new California Homeowner Bill of Rights keeps a lender from foreclosing on a home regardless of whether the borrower is pursuing a loan modification or a short
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Saturday, March 02, 2013 9:03 AM

Housing Statistics January 2013

Fast Facts Calif. median home price : January 2013: $337,040 (Source: C.A.R.) Calif. highest median home price by region/county January 2013: Marin, $799,110 (Source: C.A.R.) Calif. lowest median home price by region/county January 2013: Madera, $98,330
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Saturday, March 02, 2013 8:59 AM

Housing Recovery - Myth or Fact?

Talking Points Most housing experts are saying that the housing recovery is moving ahead full steam, while others are warning that we’re getting into another housing bubble, which could end disastrously. Check out these myths about the real estate
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Saturday, March 02, 2013 8:57 AM

How to get help with your down payment

San Diego Union-Tribune Home buyers throughout California now have access to a new tool that will tell them if they’re eligible for any down-payment assistance programs. Making sense of the story Some buyers view coming up with a down payment –
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Saturday, March 02, 2013 8:47 AM

Banks step up efforts to forgive mortgage debt in California

The Los Angeles Times Banks are stepping up efforts to forgive mortgage debt for troubled California homeowners, although more than half of the aid offered under last year’s mortgage settlement is still geared toward getting people out of their
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Tuesday, February 19, 2013 5:44 PM

CFPB warns servicers about legal protections for consumers

The Consumer Financial Protection Bureau (CFPB) issued a bulletin this week advising mortgage companies about their legal obligations that protect consumers during loan transfers between mortgage servicers. When handing over the processing of loans, mortgage
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Tuesday, February 19, 2013 5:41 PM

C.A.R. rebuts LA Times Op-Ed that advocates eliminating MID

Doyle McManus, a columnist with the Los Angeles Times, recently wrote an opinion editorial (Op-Ed) advocating the elimination of the Mortgage Interest Deduction. C.A.R. issued the following rebuttal to the Op-Ed: If Doyle McManus wants to support a tax
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Tuesday, February 19, 2013 5:38 PM

Freddie Mac opens Borrower Help Center in Los Angeles

Freddie Mac recently announced it has partnered with various non-profit organizations in the Atlanta, Las Vegas, and Los Angeles areas to open walk-in Borrower Help Centers where delinquent borrowers can get free and confidential holistic financial counseling
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