Financing

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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

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

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

Half of the home owners who wind up in foreclosure fail to talk to their lender or seek help early on, perhaps missing an opportunity to rework their loans and keep their home. 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

Predatory lenders prey on people who do not know how good a loan they qualify for. Borrowers can protect themselves by doing the followingread more

While some regions of the nations have more problems than others, Southern California and the San Fernando Valley in particular have seen increases in delinquencies and foreclosures that may seem dramatic for only one reason - both rates had been unnaturally low for so long that any increase would seem like a giant leap.read more

By DAVID R. WALKER, Southland Regional Association of Realtors®
When the market was too hot, there was too much competition with multiple buyers chasing too few properties, so some prospective buyers choose to sit it out and wait for the market to change.read more

The percentage of households who could afford to buy an entry-level home in California stood at 25 percent in the fourth quarter of 2006, compared with 27 percent for the same period a year ago, according to a report released recently by the California Association of REALTORS®.read more

Mortgage application activity rose recently for the first time since mid-May, the Mortgage Bankers Association reported on Wednesday. Hefty declines in refinancings had kept the market composite index - a measure of home loan application volume - in a rut, but last week's rush on lenders pushed the index up 6.6 percent on a seasonally adjusted basis from the week before. read more

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Articles

• MLS Barriers Falling: Local Realtors join new MLS aggregation
• Use an e-Pro, for top Internet service
• Higher loan limit makes FHA popular again
• Tax relief for fire damaged properties
• Seniors need to be wary of con artists
• Opportunities highlight buyers' market
• Despite short-term fluctuations, home values nearly double every decade
• MLS Barriers Falling as Local Realtors join new MLS aggregation
• Automatic reassessment could cut your property tax bill
• If Value declines, reassessment could cut tax bill
• Real Estate -- Always a Hot Topic
• Foreclosure: Free brochure helps strapped homeowners
• Complex R.E. transactions dictate use of mediation
• For top Internet Service, Use an e-Pro
• Internet generates nearly half of Realtors' new clients