Baby boomers aren’t helping the real estate boom! Thanks to their sheer numbers, the baby boomers have shaped society, driving social change and the economic expansion since the 1970s. But now they’re influencing society in a new way — by holding onto their homes. The oldest baby boomers are now in their early 70s, an […]
Happy Spring! It’s that time of year again, spring has sprung, flowers are blooming like crazy and people are in full spring cleaning mode. As the renewal period of nature kicks in, more and more people are ready to make changes in their lives as well. For many, spring cleaning means making some moves as […]
We’re almost at the mid-year mark and we’ve already seen the impact of the Fed’s second, of a predicted four, rate hikes of 2017. The new rate brings on a wave of changes including the baseline used to calculate interest rates for credit cards and home loans. For the past 10 years, we’ve seen our […]
Must See FREE events to check out this Summer. From awesome markets to amazing events and outdoor movies, We got YOU covered! 1. Yamashiro Farmers Market May 24 to September 6 5 p.m. The hilltop marketplace next to one of Hollywood’s most visible landmarks is officially back for the summer. Though there are some produce […]
If you missed the President’s “speech” on Zillow.com this morning, or are just looking for some analysis on the conversation, you have come to the right place! At 10 am this morning on Zillow.com/whitehouse, Zillow CEO Spencer Rascoff had the opportunity to sit down with President Obama and host a Q&A session regarding the housing […]
UBS could be the first of the European banks to pay up for misleading mortgage giants Fannie Mae and Freddie Mac over the quality of packaged mortgage backed securities sold leading up to the housing market crash.
Well it seems that what we all suspected was in fact true! According to a former Bank of America employee, Loss Mitigation Specialists were told to delay the Home Affordable Modification Process (aka HAMP) and were even given bonuses for foreclosure initiations!
The story for this month, in finance, is one foretold. Nay, it is a continuation of a story that has been unfolding for several months now. It is a classic good vs. evil battle, and the characters are “all-time low interest rates” and the “inability to access funds”.
When Tom Barrack lost the bid for the Los Angeles Dodgers baseball team, he decided to a leap into one of his largest bulk foreclosure purchases. With contacts high above in the real estate industry, Barrack reached out to Fannie Mae and bid on their bulk for a $176,000,000 purchase.
The federally funded ‘Keep Your Home California’ Program will soon begin efforts to help distressed homeowners. The federal agency that oversees Fannie Mae and Freddie Mac has hesitated to approve the program passing yet sees this as a way to provide a sustainable mortgage payments.
