Nov 05 2008
The optimism in the housing markets spurred by the federal government’s action to place Fannie Mae and Freddie Mac into conservatorship this summer has been overtaken by the continued stress and panic in the financial markets, according to the Mortgage Bankers Association of America’s (MBAA) latest outlook.
The outlook preceded by [...]
Sep 19 2008
NEW YORK (CNNMoney.com) — As part of the massive housing rescue bill passed by Congress in July, troubled borrowers will be able to refinance their home loans with the backing of the Federal Housing Authority (FHA) starting on October 1.
But at a congressional hearing today in Washington, lenders didn’t seem terribly enthusiastic about the program, [...]
Sep 09 2008
A primer on the two mortgage giants and why you should care about the government takeover.
By Alana Semuels, Los Angeles Times Staff Writer
September 8, 2008
Most borrowers never come into contact with mortgage finance giants Fannie Mae and Freddie Mac. That’s because the companies work with lenders rather than consumers.
Nevertheless, Fannie and Freddie play an [...]
Sep 08 2008
Los Angeles
MarketWatch
Week Ending September 05, 2008
Foreclosures in Lancaster to be Transformed into Affordable Housing
Ann M. Simmons, Los Angeles Times
September 2, 2008
While other cities are hoping for federal aid to help them address the problem, Lancaster is using city funds to buy, renovate and sell vacant homes. So far, Lancaster’s Redevelopment Agency has agreed to spend [...]
Sep 04 2008
Investor Acquires 15-Unit Complex in Los Angeles
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Sep 03 2008
Weekly Market Insight
GDP Vs. Job Growth
September 1, 2008
Gross domestic product, the output of goods and services produced in the U.S., grew at a revised rate of 3.3% annualized in the second quarter. In the first half of the year, annualized GDP rose 2.1% even as the labor market shed 463,000 net payroll jobs through [...]
Aug 27 2008
UNIVERSAL CITY, CA-Speakers at an affordable housing conference sponsored by the US Department of Housing and Urban Development here on Monday called for state, local and federal officials to work together toward reducing regulatory barriers that thwart the production of affordable work force housing. Affordable housing developments throughout the country are “stopped dead in their [...]
Aug 20 2008
By Joel Burslem on Monday, August 18, 2008 Filed Under: Blogging, Internet
Tags: Real-Estate-2.0, Real-Estate-Marketing
In its September 2008 issue, alongside its reviews of tub cleaners and organic produce, Consumer Reports turns its critical eye on the real estate industry.
The publication polled a sample of 3753 readers who sold or tried to sell a home, 4029 [...]
Aug 18 2008
As times and loan conditions change, Milan Properties are ahead of the ball as they adapt with the changing times. With strong relationships with Deutsche Bank and Resource Real Estate and a fantastic credit history, the loan processing is all but guaranteed.
Ken Harney can be reached at kenharney@earthlink.net.
Aug 12 2008
From Bloomberg News
July 17, 2008
Apartment rents in the Western U.S. rose 2.5 percent in the second quarter from a year earlier, slower than the rate of inflation, as unemployment increased and occupancies fell in most areas, according to research company RealFacts.
The average monthly rent in 15 U.S. states, most of which [...]