Tag Archives: Home Mortgages

HomeServices of America, Inc. Announces Acquisition of Fresno, Calif.-Based …

HomeServices of America, Inc., a Berkshire Hathaway affiliate, recently announced the acquisition of Guarantee Real Estate, one of central California’s largest and most respected residential real estate brokerage firms. Headquartered in Fresno, Guarantee serves central California with more than 400 … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

HomeServices expanding in California’s Central Valley

Berkshire Hathaway affiliate HomeServices of America Inc. has expanded its presence in California by acquiring Fresno-based Guarantee Real Estate, whose 400 sales associates closed more than $634 million in sales working out of 13 offices in 2011. HomeServices said the … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

To Stem Losses, FHA Mortgages Get More Expensive

The federal agency that some credit with saving the housing market during the worst of the recent crash, may now be in need of taxpayer help itself. The Federal Housing Administration (FHA), which insures more than $1 trillion worth of … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

REAL ESTATE: Food for thought – Press

In case you’ve ever wondered why banks are tough as nails when it comes to underwriting for home mortgages, here’s some food for thought. This week alone, we reported that: Wanda Coleman, 59, formerly of Pauma Valley, pleaded guilty to … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

REAL ESTATE: CAR says no to eminent domain – Press

The California Association of Realtors has adopted a motion that says it will support any legislation that seeks to ban the use of eminent domain by government entities to acquire underwater home mortgages. Alex Creel, senior vice president of government … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

REAL ESTATE: Industry event explores eminent domain – Press

The California Association of Realtors, as part of its 2012 EXPO at Anaheim Convention Center, held a public policy forum on proposed use by government to use eminent domain to seize underwater home mortgages. San Bernardino County has created a … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Under Pressure, FHA Skews to Wealthier Home Buyers

The Federal Housing Administration, the government insurer of home mortgages, is often credited with saving the home finance market during the worst of the latest housing crash. When no one else would lend to lower-income borrowers, the FHA stepped in, … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Federal reserve report: Home flipping drove housing bubble in Nevada …

More than a third of all U.S. home mortgages granted in 2006 went to people who already owned at least one house, according to the report. In Arizona, California, Florida and Nevada, where average home prices more than doubled from … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Higher US mortgage rates coming for costlier homes

Fri Sep 30, 2011 3:57pm EDT * Government removes support at upper end of home market * New limits on Fannie, Freddie loans from Saturday * Conforming loan limit falls to $625,500 from $729,750 * These borrowers face 50 bps … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Federal Housing Finance Agency Under Inspector’s Fire

Given that the conservator of Fannie Mae and Freddie Mac, the Federal Housing Finance Agency (FHFA) has been wielding incredible power of late in deciding how much the two mortgage giants can and cannot charge in guarantee fees and whom … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment