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FHA to toughen rules for borrowers
The Federal Housing Administration (FHA) is proposing raising minimum credit scores for borrowers who receive FHA-backed mortgages, increasing down payment requirements, and limiting the amount of money sellers can provide toward closing costs. The proposed changes are part of an effort to shore up the ...
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One in four borrowers is underwater
Despite recent indicators that the housing market is improving,a new report shows that one in four mortgage borrowers are underwater, meaning they owe more on their mortgage than their home currently is worth. According to First American CoreLogic, nearly 10.7 million households had negative equity in ...
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[photo:listing:7083075]
• 3,031 sq. ft., 3 bath, 5 bdrm 2 story
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$550,000
- Priced To Sell Fast!
Sierra del Oro, Corona
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Luxury Living Orange County Close! You must see this highly upgraded Sierra del Oro, Corona Pool Home! The elegance starts at the gated courtyard ...
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[photo:listing:7083033]
• 3,486 sq. ft., 3 bath, 4 bdrm single story
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$649,000
- Standard Sale!
South Corona, Corona
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Visit me first. Stunning South Corona Pool Home! Standard sale, no long waits! This beautiful 4 bedroom, 3 bath home is on one of the largest lots in ...
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[photo:listing:6918657]
Executive Home, Private Paradise! • 5,941 sq. ft., 5 bath, 5 bdrm 2 story - $1,500,000 - Not A Short Sale!
South Corona, Corona - Welcome to Paradise! Private & Elegant Estate in Crown Ranch, The Premier Destination in Corona. Orange Country Close, You Will Live in Grandeur!. HIghly ...
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Wow! This is the one you have been waiting for! A standard sale in the Sycamore Creek community in Corona, Ca. This home is over 3000 square feet, has 4 bedrooms, 3.5 bathrooms, a 3 car tandem garage, extra large master suite, granite in the kitchen, and so much more. This home has never been lived in, and will sell fast. Not a short sale, not a ...
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Starting July 30, 2009, if the APR on an initial Good Faith Estimate is no longer accurate (within a 0.125% range) at close of escrow, a lender must generally provide a residential borrower with a new disclosure and a three-day right to rescind before consummating the loan. REALTORS(R) are forewarned that, because of this new three-day waiting ...
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Would You Like $8,000? Buy a Home. Soon!
To stimulate the economy,
Washington juiced up the stimulus plan passed last year in February. Two
benefits for FTHBs (First Time Home Buyers) were that the amount of the tax credit was increased from up
to $7,500 to $8,000. And, more importantly, the amount of the credit does not
have to be ...
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CNN is searching for a bottom in the housing market
With consumer confidence rising in May to its highest level in eight months, housing starts increasing more than 17 percent in May compared with the previous month, and sales of existing homes climbing 2.9 percent in April nationwide, it appears that the housing market may be stabilizing.
So ...
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Recent news headlines have caused confusion by mischaracterizing the new California Foreclosure Prevention Act as a 90-day moratorium and incorrectly stating that the lender must modify delinquent loans before it begins foreclosure. In reality, the foreclosure process for certain owner-occupied residential first trust deeds has been extended by 90 ...
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