An agent said it yesterday, and I talked to a loan rep who confirmed it. FHA has expanded their underwriting guidelines for those who have a short sale on their record. They already allow borrowers to come back three years after a foreclosure or short sale, but now...
From CurbedLA: This house was built in the hills of Malibu with parts from a 747. It's also registered with the FAA so pilots flying overhead don't think they've spotted a crash!
No matter who is riding inside, this is always a great sight - photo by Chris Stone: See the rest here.
From the wsj.com: U.S. home prices rose in July from a month earlier with a boost from seasonal demand, but were down from 2010 levels, according to the Standard & Poor's Case-Shiller home-price indexes. The housing market has been struggling to recover due to...
In 2010, there were 19 detached sales over $1,000,000 west of the I-5 freeway in Leucadia. (roughly the area on map page 1147A,B, and half of C) This year, 22 have already closed, and Tyvek Estates and the Leucadia Collection are just getting started for about the...
Hat tip to Michael for finding this youtube of the documentary done a couple of years ago by a Canadian film company about the global financial crisis.A certain part-time blogger is featured at the 3:52-min. mark, with his concerns. Daniel mentioned it again today and...
Although NAR is urging realtors to contact their congress-people to whine about how lowering the loan limits will cause the world to end, it appears that Fannie/Freddie/FHA max loan amounts will be dropping next week. Hat tip to DS for sending this along, from Yahoo...
From HW - with no mention of last year's tax credit: The Standard & Poor's/Case-Shiller 20-city composite home price index, which will be released on Tuesday, likely rose 1.2% in July from the previous month, a Zillow Inc. forecast showed. The Case-Shiller, a key...
Hat tip to SM for sending this along, from Yahoo.com: It's no secret that Bank of America wants to put its mortgage-related woes behind it. But it appears that a key $8.5 billion settlement with large investors is playing a role in pushing many more people into...
Here's our next test of the short sale market. It exemplifies a risk that banks may be considering when deciding how much of the mortgage market they may want, once the government gets out:
