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Real Estate News

TARP interest could help jobless pay mortgages

Wednesday, 18 November 2009 00:00
Rep. Barney Frank said Monday that he is pushing a proposal to use some of the interest the government collects from the financial industry bailout to give loans to unemployed homeowners struggling to pay their mortgages.
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U.S. to aid some local mortgage programs

Monday, 16 November 2009 00:00
A program by the U.S. Treasury Dept. aims to provide $29 billion to state and local housing finance agencies over the next year. Housing finance agencies provide loans to low- and moderate-income borrowers and have faced challenges in recent months as investors have been reluctant to purchase their debt.
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C.A.R. reports July sales up 12 percent, prices declined 19.6 percent

Thursday, 27 August 2009 19:08
Home sales increased 12 percent in July in California compared with the same period a year ago, while the median price of an existing home declined 19.6 percent, C.A.R. reported yesterday.
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Wednesday, 27 May 2009 00:00

C.A.R. Achieves Compromise in AB 957

In multiple discussions with the author, C.A.R. worked with Assemblywoman Galgiani to come up with compromise language that will require fair treatment for real estate owned (REO) buyers in the choice of title and escrow providers.

Wednesday, 20 May 2009 20:39
Q1 entry-level housing affordability reached 69 percent The percentage of households that could afford to buy an entry-level home in California stood at 69 percent in the first quarter of 2009, compared with 46 percent (revised) for the same period a year ago, according to a C.A.R. report released last week.
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Thursday, 21 May 2009 20:14
Treasury Dept. is giving “cash-for-keys” Under the Foreclosure Alternative Program (FAP) announced last week by the Obama Administration, some borrowers may be eligible for the U.S. Treasury Dept.’s deed-in-lieu program, also referred to as “cash for keys.”
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