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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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Calif. median home price - June 09: $274,740 (Source: C.A.R.)
Calif. highest median home price by C.A.R. region June 09: Santa Barbara So. Coast $850,000 (Source: C.A.R.)
Calif. lowest median home price by C.A.R. region June 09: High Desert $108,600 (Source: C.A.R.)
Calif. First-time Buyer Affordability Index - First Quarter 2009: 69 percent ...
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Home owners who are facing foreclosure often dread dealing with the facts that got them to that place. If they think back to when they first bought that home, losing their home was probably the furthest thing from their mind. Few home owners actually plan to go into foreclosure.Reasons For Pending ForeclosureApart from those who knowingly ...
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Calif. median home price - May 09: $267,570 (Source: C.A.R.)
Calif. highest median home price by C.A.R. region May 09: Santa
Barbara So. Coast
$875,000 (Source: C.A.R.)
Calif. lowest median home price by C.A.R. region May 09: High
Desert
$106,210 (Source: C.A.R.)
Calif. First-time Buyer Affordability Index - First Quarter
2009: 69 percent (Source: ...
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We are all trying to find ways to save money, reduce waste, and cut energy usage. Here are some money saving tips that will help you save money, and help the environment.
1. Green up your appliances. Getting rid of that old
refrigerator in the garage could save you as much as $150 a year, according to
the Environmental ...
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Tips for Improving Memory
Have you ever been introduced to someone, only to forget her name two seconds after you shake her hand?
Don't worry. This is NOT evidence that you're losing your mind. Turns out, it's actually an extremely common occurrence for many people. The good news is there is plenty of research on the subject and there ...
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Don't ya just love Fender?! On Saturday June 20th The Fender Center is hosting The Music Sausage Festival. The Woodie Johnson Band and Jody Maroni present a community fair with something for everyon! Music, Carnival Rides, Great Raffle prizes, Exhibits and Food! This event is good for all ages, so come out, bring your family, and ...
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Our local charity, Corona-Norco Settlement House is in need of donations! All donations made will stay local, and you can be sure they get the most out of every donation made.
With these tough economic times, their food and financial donations have been greatly reduced, while the need in our community has gone up ...
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