Mortgage news wrap-up

Posted by & filed under Stockton Real Estate.

In the final days of 2013, the mortgage and real estate markets are prepping for a year of change and transition. HousingWire already sees companies on the move – tackling new changes and trying new strategies. Compass Point Research & Trading Group highlighted four movers and shakers this week. …read more

CoreLogic: 2013 marks year of rapid transition

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The housing market went through a period of transition throughout 2013, moving from what looked like a possible housing bubble to a sustainable, long-term recovery made up of reduced delinquencies and foreclosure starts as well as rising home values. …read more

2013 Year In Review – Home Value Forecast – Sacramento Bee

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2013 Year In Review – Home Value ForecastSacramento Bee30, 2013 — /PRNewswire-iReach/ — Pro Teck Valuation Services’ December Home Value Forecast (HVF) update looks back at the housing indicators over the last twelve months in a number of residential real estate categories. These include current sales … and more …read more

Fannie inks $591M settlement with Wells Fargo

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As part of the deal, Fannie will receive $541 million in the fourth quarter of this year after adjusting the settlement based on prior repurchases. In addition, the deal releases Wells Fargo from repurchase obligations on toxic loans once sold off to the government-sponsored enterprise. …read more

Flagstar Bancorp reaches $10.8 million repurchase settlement

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Flagstar Bancorp has entered into an agreement with Freddie Mac to resolve substantially all of the repurchase requests and obligations associated with loans originated between Jan. 1, 2008 and Dec. 31, 2008. The deal comes on the heels of several other government-sponsored enterprises reaching substantial settlements. …read more

Where did all the single family homes go? Half of foreclosed homes still occupied and big investors not reselling properties. Investors purchase $1 trillion in real estate since 2011.

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By drhousingbubble The real estate market has slim pickings for traditional buyers. Funny thing that we have to use the “traditional” preface since the market is overrun with a hoard of investors. I am seeing this with my own two eyes. You are seeing it as well. In most ordinary cases a rise in prices […]

Alice Veretto (Escobar) – Stockton Record

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Alice Veretto (Escobar)Stockton RecordIn 1959 they gave up dairy farming and moved to Modesto. John joined an old friend in real estate for a few years and Alice went back to school to become a steno typist. She then went to work for the Bank of California in Modesto. They moved to … …read more

The Secret To Hacking Real Estate Rental Sites – Forbes

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The Secret To Hacking Real Estate Rental SitesForbesIn uber-competitive real estate markets such as New York and San Francisco, by the time an apartment hits a rental listing site, it’s already too late. If the unit appears to be an even halfway decent deal, with well-lit photos and a competently … …read more

Phoenix-Mesa-Scottsdale real estate market makes Forbes’ ‘Best Buy Cities’ for … – KTAR.com

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Phoenix-Mesa-Scottsdale real estate market makes Forbes’ ‘Best Buy Cities’ for …KTAR.comPhoenix-Mesa-Scottsdale real estate market makes Forbes’ ‘Best Buy Cities’ for 2014. Comments | Print. By KTAR.com. Originally published: Dec 28, 2013 – 1:28 pm. KTAR.com. Contact KTAR.com by: Forbes_house_5.jpg. This Phoenix home, valued at …Tampa Bay lands on Forbes list of good places to investTampa […]

Council members reach out to youth – Stockton Record

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Council members reach out to youthStockton RecordHer career path into social work took several detours: obtaining a real estate license, passing tests to become a substitute teacher and working as a waitress. She eventually got a master’s degree in human development and went to law school. … He … …read more

Ending extension for federal unemployment triggers housing concerns

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News that the federal government has decided to fore go an extension of long-term benefits for the unemployed prompted the California Employment Development Department (EDD) to fire off a warning notice to impacted workers. A big underlying concern is what happens to those using these benefits to support mortgages. …read more

LPS: Home price increases slowed in October

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October was a slow month for home price growth, with no state seeing an increase of more than a full percentage point and the Lender Processing Services Home Price Index only showing marginal growth from September. …read more