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Sunday, September 25, 2011 4:53 AM

C.A.R. releases its 2012 Housing Market Forecast

California home sales and median price are predicted to improve only slightly in 2012, as the continuation of the tepid economic recovery, uncertainty about the future, and funding challenges for residential mortgages are expected to keep the market moving
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Monday, July 11, 2011 1:18 PM

Fannie Mae offers investors new financing option

CNBC Last month, Fannie Mae made a change to its rules for all-cash buyers to apply for mortgages. Currently, Fannie Mae requires a minimum of six months to elapse between the time a borrower purchases a home and subsequently applies for a cash-out refinance.
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Thursday, June 02, 2011 4:00 AM

Weekly fraud alert: Federal audits accuse lenders of defrauding taxpayers

A set of confidential federal audits accuse the nation’s five largest mortgage companies – Bank of America, JPMorgan Chase, Wells Fargo, Citigroup, and Ally Financial – of defrauding taxpayers in their handling of foreclosures on homes
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Thursday, June 02, 2011 3:55 AM

FHA, Fannie to allow qualified owners to refi into new mortgages for green upgrades

FHA and Fannie Mae have partnered to offer Green Refinance Plus, a program that allows owners of existing affordable rental housing properties to refinance into new mortgages that include funding for energy- and water-saving upgrades, along with other
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Thursday, May 26, 2011 2:35 PM

More than half of U.S. adults believe housing recovery unlikely until 2014 or later

An ongoing survey conducted by Harris Interactive on behalf of Trulia and RealtyTrac finds that 54 percent of U.S. adults believe recovery in the housing market will not happen until 2014 or later. In a previous survey conducted six months ago, 42 percent
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Thursday, May 26, 2011 2:30 PM

Housing Affordability Rises to Record Level, Tight Financing Continues to Constrain Sales

NAHB : May 25, 2011 - Nationwide housing affordability during the first quarter of 2011 rose to its highest level in the more than 20 years it has been measured, according to National Association of Home Builders/Wells Fargo Housing Opportunity Index
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Saturday, May 21, 2011 3:06 PM

Freddie Mac Launches Summer Sales Promotion

HomeSteps, the real estate sales unit of Freddie Mac this week launched a nationwide sales promotion for its inventory of foreclosed homes. The HomeSteps Summer Sales Promotion offers up to 3.5 percent of a buyer's closing cost and a $1,200 selling
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Thursday, May 05, 2011 6:00 AM

Fannie and Freddie to Align Guidelines for Servicing Delinquent Loans

C.A.R.’s efforts to address the issues related to the difficulties of the short sale process are starting to gain traction. Late last week, the Federal Housing Finance Agency (FHFA) announced it has directed Fannie Mae and Freddie Mac to establish
Posted by Gail Griffin | 0 Comments
Friday, April 22, 2011 6:23 AM

Weekly Fraud Alert: HUD Campaign Promotes Homeowner Scam Awareness

HUD has launched a new campaign in Miami, Chicago, and Los Angeles called “Know It. Avoid It. Report It.,” a campaign that aims to direct homeowners facing foreclosure to trusted resources and housing counselors, and to solicit the support
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Tuesday, April 19, 2011 2:52 AM

Fannie Mae to Offer 3.5 Percent Buyer Assistance

Fannie Mae recently announced that people purchasing a Fannie Mae-owned HomePath property will receive up to 3.5 percent in closing cost assistance. The initial offer must be submitted on or after April 11, 2011; and the sale must close on or before June
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Thursday, March 31, 2011 6:29 PM

Finance Site Now Offering Mortgage Tool

San Diego Tribune: Users of the popular persona-finance website Mint.com now can get loan offers from several lenders once they plug in specifics that include income, credit score, down payment, ZIP code and years they plan on living in the future home.
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Thursday, March 31, 2011 6:22 PM

Proposed Settlement Would Force Banks to Allow Short Sales for Delinquent Homeowners

LA Times : Major banks may be forced to let severely delinquent homeowners sell their houses for less than the loan amounts owed as part of a broad settlement of federal and state investigations into botched foreclosure paperwork, according to government
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Thursday, March 31, 2011 9:06 AM

Weekly Fraud Alert: Tips to Avoid Loan Modification, Mortgage Relief Scams

The DRE recently issued a new Consumer Alert, providing tips to help consumers avoid falling victim to loan modification and mortgage relief scams. The typical scam involves the promise of a loan modification or other mortgage or foreclosure relief in
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Thursday, March 31, 2011 9:04 AM

First-time Home Buyer Credit and Tax Refunds Update

The IRS recently released information on processing issues that are impacting a small percentage of tax returns involving repayment of the First Time Homebuyer Credit (FTHB), primarily involving 2008 home purchases. While most of these returns are processing
Posted by Gail Griffin | 0 Comments
Thursday, March 24, 2011 7:02 AM

Freddie Mac Videos Dispel Common Foreclosure Myths

Freddie Mac this week launched a series of videos aimed at helping consumers separate foreclosure fact from fiction. Each 90- to 120-second video, which can be viewed on Freddie Mac’s YouTube Channel dispels one of five common myths that may prevent
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