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Troubled Marin homeowners stand to receive $50.4 million in relief as part of a nationwide settlement with banks over foreclosure abuses, the office of state Attorney General Kamala Harris said Thursday. The settlement with state... Continue Reading »
Wells Fargo ($30.63 0%) will begin implementing the mortgage refinancing requirements under the state and federal foreclosure settlement in March. Wells and the four other largest mortgage servicers, Bank of America ($8.13 0%), JPMorgan... Continue Reading »
Is the “New American Home” is shrinking? Every year at its convention, the National Association of Home Builders highlights the New American Home, a high-end model designed and built to capture emerging trends in residential... Continue Reading »
Mortgage applications soared nearly 10% this past week as record low interest rates lifted refinancing activity, an industry trade group said Wednesday. The Mortgage Bankers Association, which measures loan application volume... Continue Reading »
The Green Street Advisors Commercial Property Price Index remained unchanged in January as investors stayed cautious about the direction of the U.S. economy. Since reaching its low point in May 2009, the index has risen more... Continue Reading »
Things are looking up for the country’s job situation and are even rosier in the Bay Area. And that’s great news for the real estate markets – because a healthy Bay Area job outlook drives consumer confidence, purchasing, borrowing,... Continue Reading »
(CNN) – Whenever a hugely popular and successful company goes public, many people wonder what will happen to all the newly created millionaires. What will they do now that they are financially “set for life”?... Continue Reading »
The consumer outlook for U.S. home prices improved again in January, extending a recent upward trend in housing market sentiment, according to mortgage market firm Fannie Mae. For its monthly reading, Fannie Mae said respondents... Continue Reading »
Following a statewide trend, the number of Marin homes both lost to foreclosure and going into foreclosure dropped in the fourth quarter of 2011, according to figures released Tuesday. A total of 96 Marin properties were foreclosed... Continue Reading »
In a double surprise, the job market may at last have begun to revive, but the double-the-forecast, 243,000-job surge in January has done little harm to mortgages. We are still near 4 percent; with 10-year Treasury notes up from... Continue Reading »
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