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Viewing by month: July 2011

Jul 27 2011

What Would U.S. Credit Downgrade Mean for Mortgage Rates?

Mortgage insiders in San Diego County and Southern California are closely watching whether the U.S. government's credit rating will be lowered, as debt-ceiling talks continued on Tuesday.

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55 comments - Posted by Suzanne Baker at 1:41 PM - Categories:

Jul 21 2011

Federal consumer protection agency launching amid lingering controversy

The federal government is unwrapping its most potent weapon yet in the battle to keep businesses from defrauding consumers: a powerful new agency designed to police nearly every type of transaction in hopes of avoiding another financial crisis.

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49 comments - Posted by Suzanne Baker at 10:41 PM - Categories:

Jul 19 2011

Some Hopeful News from CNN Money Regarding the Real Estate Market

 

NEW YORK (CNNMoney) -- New home construction ticked higher in June, the government said Tuesday, as two key measures topped expectations.

Housing starts, the number of new homes being built, rose 14.6

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65 comments - Posted by Suzanne Baker at 8:51 PM - Categories:

Jul 15 2011

Banks to be put on the spot for military foreclosures

A federal oversight committee led by U.S. Rep. Darrell Issa will request documents from the country's largest mortgage-servicing companies in its probe of foreclosure abuses against U.S. servicemembers, committee officials said Thursday.

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45 comments - Posted by Suzanne Baker at 1:07 PM - Categories:

Jul 11 2011

Investors to the Rescue of Housing Market...

Real estate investors will outnumber traditional borrowers 3 to 1 during the next two years, a new survey says, helping clear millions of repossessed properties from banks' books and pave the way for a recovery.

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49 comments - Posted by Suzanne Baker at 12:08 PM - Categories:

Jul 8 2011

Obama Administration Boosts Aid for Unemployed Homeowners

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167 comments - Posted by Suzanne Baker at 5:18 PM - Categories:

Jul 7 2011

The Commercial Financial Protection Bureau Preparing to Impose Rules on U.S. Mortage Servicing Firms

The Consumer Financial Protection Bureau is preparing to impose rules on U.S. mortgage servicing firms, said Raj Date, the bureau’s associate director.

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45 comments - Posted by Suzanne Baker at 7:34 PM - Categories:

     
   
 
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