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California Home Mortgage

Home Mortgage and Refinance in California

Fed Hosts Neighborhood Stabilization Summit
Community organizers, state and federal government officials, and representatives from banking, research and educations institutions are currently meeting in Washington at a REO and Vacant Properties Summit sponsored by the Federal Reserve Bank. The two day conference is focused on examining the problems associated with vacant and abandoned property and to explore approaches to neighborhood [...]
S&P/Case-Shiller: Home Prices Rise in June. Tax Credit Hangover Ahead
The Standard & Poor’s/Case-Shiller U.S. National Home Price Index was up 4.4 percent in the second quarter of 2010, more than recovering from the 2.9 percent loss that was suffered in the first quarter, but the index committee warned that recent housing indicators “point to more ominous signals as tax incentives have ended and foreclosures [...]
S&P/Case-Shiller: Home Prices Rise in June. Tax Credit Hangover Ahead
The Standard & Poor’s/Case-Shiller U.S. National Home Price Index was up 4.4 percent in the second quarter of 2010, more than recovering from the 2.9 percent loss that was suffered in the first quarter, but the index committee warned that recent housing indicators “point to more ominous signals as tax incentives have ended and foreclosures [...]
HUD Secretary Tiptoes Around Another Tax Credit, Pushes Balanced Housing Policy
In the wake of a full week full of bad economic news, especially housing indicators, Secretary of Housing and Urban Development (HUD) Shaun Donovan appeared on CNNs Sunday morning news and interview program State of the Union . Host Ed Henry prefaced the interview with July housing numbers – a 27 percent decline in existing [...]
HUD Secretary Tiptoes Around Another Tax Credit, Pushes Balanced Housing Policy
In the wake of a full week full of bad economic news, especially housing indicators, Secretary of Housing and Urban Development (HUD) Shaun Donovan appeared on CNNs Sunday morning news and interview program State of the Union . Host Ed Henry prefaced the interview with July housing numbers – a 27 percent decline in existing [...]
MBA: 30-Day Delinquencies on the Rise Again
While it reported that most delinquency figures dropped substantially in the second quarter, the Mortgage Bankers Association's National Delinquency Survey also carried some dishearting harbingers of what might lie ahead. The report showed the seasonally adjusted delinquency rate for all loans at 9.85 percent, a drop of 21 basis points from the first quarter but [...]
Chicago Fed Explores Effectiveness of Home Buyer Counseling
Federal Reserve Bank of Chicago President Charles Evans pointed directly to a major problem with the economic system in a speech before the Indianapolis Neighborhood Housing Partnership on Wednesday: a serious deficit in the country's financial literacy. His solution, however is aimed less at eliminating that illiteracy than at incentivizing it in appropriate directions. Evans [...]
Chicago Fed Explores Effectiveness of Home Buyer Counseling
Federal Reserve Bank of Chicago President Charles Evans pointed directly to a major problem with the economic system in a speech before the Indianapolis Neighborhood Housing Partnership on Wednesday: a serious deficit in the country's financial literacy. His solution, however is aimed less at eliminating that illiteracy than at incentivizing it in appropriate directions. Evans [...]
July Existing Home Sales: Recap and Charts
The National Association of Realtors today released Existing Home Sales data for July 2010. HERE is the methodology for data collection Excerpts from the release…. Existing-home sales were sharply lower in July following expiration of the home buyer tax credit but home prices continued to gain, according to the National Association of Realtors®. Existing-home sales, [...]
Monthly Housing Scorecard: Administration Touts Increased Price Stabilization
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury have released the August edition of the Obama Administration's Housing Scorecard . The August 2010 Scorecard was marked primarily by how few changes were evidenced since the July Report. Housing prices have been relatively flat on a month to [...]