Lead Story
Reverse Mortgage Program Gets a Makeover (1)
12/04/13 •
The Federal Housing Administration recently announced a cycle of new changes to its reverse mortgage program and most have already taken effect. The changes were made in response to the losses suffered by the FHA in connection with the home equity conversion mortgage (HECM) program. The bottom line is that under these new rules, borrowers […]
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Fidelity’s Disclosure Source Accuses Agent of Negligence for Relying on Disclosure Source’s Own NHD Report (20 Comments)
We were surprised to learn that Disclosure Source would accuse a Century 21 agent of negligence for using and relying on Disclosure Source’s inaccurate report in a real estate transaction. It’s actually even much worse than that. Here’s the story:
Formula for Foreclosure Prevention Program Excludes Richmond’s most Desperate Residences (2)
12/02/13 •
There are new developments in the city of Richmond, where officials have tried to assist those most in need of foreclosure prevention. Richmond’s radical principle reduction program proposes buying or seizing 624 underwater mortgages, possibly through eminent domain, an effort we have covered over the past few months. The program is called Richmond Cares and […]
Will 5% Down Mortgages Bring new Buyers into the Market? (2)
11/29/13 •
Before the housing crisis hit it was considered the American dream to own a home. As the harsh reality set-in during the crisis that many potential homeowners were forced to continue renting as they were not able to come up with the 20% down payment required by lenders for a loan or look elsewhere. Turning […]
Simple Acts of Kindness are the Ultimate Real Estate Career Boost (2)
11/27/13 •
Usually during this time of year it is easy to notice people expressing gratitude for the blessings in their lives. Showing these feelings brings joy to others and in return puts a smile on your face and makes you feel good inside. How much better would life be if we expressed these feelings of gratitude […]
270 Acres in San Francisco under Consideration for Endangered Species Protection (2)
11/25/13 •
Wall Street Journal reporter Jim Carlton recently revealed that 270 acres of San Francisco land could be designated as critical habitat for a new endangered plant. The U.S. Fish and Wildlife Service has targeted a few hundred acres in the heart of San Francisco—including the backyards of some homeowners. Earlier this year we reported that […]
