To understand the real estate market, look at state employment. The quantity of jobs in California directly impacts the percentage of homeownership in California. Without a paycheck, an individual cannot afford to rent an...
Read MoreCongress is just now and six years too late taking up arms again mortgage fraud. Congress recently passed the Fraud Enforcement and Recovery Act of 2009, throwing big bucks at a Financial Crisis Inquiry Commission. This...
Read MoreStatewide, 37,967 homes were sold in April, up 4.8% from March and up 21.9% from one year ago. The statewide median price paid for a home was $221,000, down 0.9% from March. The month-to-month decline in price has been less than...
Read MoreThe Federal Housing Administration (FHA) now allows first-time homebuyers to receive advances on the $8,000 housing tax credit in the form of short-term loans from their mortgage lender. Buyers still have to come up with the...
Read MoreThis article debunks the myth behind the difficulty in obtaining credit after a bankruptcy, digests the motivations of a mortgage lender, the fallacy of the FICO score as basis for credit, and the effects these conditions have...
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