Financing

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Over the next 6 months, the U.S. Department of Housing and Urban Development is launching a national consumer education campaign urging homeowners to seek free, HUD-approved housing counseling advice. read more

How the world has changed! From simply needing to fog a mirror to qualify for a home loan to today's reality that forces prospective borrowers to leap multiple hurdles and clear dozens of obstacles, even if they have money in the bank, a solid job, and a six-figure income.read more

How can it be a good thing that some prospective homebuyers and current owners are having a difficult time obtaining a loan or refinancing an existing loan? Because, unlike a short while ago, those who do wind up with a loan most likely will be able to afford it.read more

In its recent first quarterly report of 2007, the UCLA Anderson Forecast remained steadfast in its belief that the national economy does not face recession and that California has weathered the real estate slowdown better than originally believed. read more

California is the No. 1 state in the nation when it comes to writing government loans. That's why real estate professionals recently filled the auditorium to capacity at the Southland Regional Association of Realtors to hear all about a very old loan program that now is leading the housing recovery -- FHA-insured loans. read more

Consumer advocates and the California Department of Real Estate urge home owners facing or in the midst of a foreclosure proceeding to be wary of services that charge advance fees for assistance with troubled loans.read more

Something is happening in the residential real estate market -- movement. It's too soon to say that the tide has turned, but it sure is beginning to feel that way. Part of the reason a growing number of prospective buyers are acting and dismissing reports of doom and gloom is because there has been a revival in an all but forgotten housing mainstay -- FHA-insured loans. FHA loan limits have nearly doubled. And, in an era of tighter loan qualification rules, FHA loans are a blessing for buyers with little money for a down payment. read more

Veterans sometimes forget to mention their service in the nation's military branches and that could be an unfortunate, costly oversight in a quest to buy a home. Veterans' Administration loans offer so many advantages that real estate professionals should ask every client if they have military service. read more

Operation Hope provides information on how to negotiate with lenders, apply for loan modifications and avoid foreclosure. read more

Federal bank regulators recently issued tougher standards for high-risk mortgages that may stop some shaky lending practices but also limit the availability of loans to some borrowers with flawed or limited credit history.read more

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