Foreclosures Prevented with 850K Mods, 422K Short Sales in 2012

by davesingery February 13, 2013 Latest News

For all of 2012, servicers completed more than 850,000 loan modifications, while the industry also continued to push for another foreclosure alternative—short sales, according to recent data from HOPE NOW, an alliance of mortgage servicers, investors, mortgage insurers, and nonprofit counselors. Out of the 850,034 completed mods, 661,363 were proprietary modifications, and 188,671 were through […]

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Survey: Consumers Maintain Positive View Toward Housing Market

by davesingery February 11, 2013 Latest News

In Fannie Mae’s latest housing survey, consumers maintained their expectation for growth in home and rent prices and also expressed more optimism toward the economy. The January 2013 survey found 41 percent of consumers believe homes prices will rise in the next 12 months, down from 43 percent in December, but up from 30 percent […]

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WACC Classic Car Show

by davesingery February 11, 2013 ca events

WHEN: February 23rd, 9:00am – 4:00pm WHERE: WACC, 8100 Colima Road, Whittier 90605 Join us for a Whittier Area Classic Car Show, bring your friends and family! Contact: Tod Linklater, 562-945-4500 X189, WACCcarShow@gmail.com

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Latin & Ballroom Social Party

by davesingery February 11, 2013 ca events

WHEN: February 22nd, 8:30p – 10:30p WHERE: The Historic Imperial Ballroom & Fullerton Dancesport Center Join us for a fun night of latin and ballroom dancing at the beautiful Historic Fullerton Ballroom and Dancesport Center. No partner required. Instructors are available to dance with you. Price will vary $10 Phone (714) 525-5155

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Don’t Over Improve Your House Before You Sell

by davesingery February 8, 2013 Latest News

If you’re considering selling your house, you might be tempted to sink some money into home improvements. After all, gleaming new hardwood floors or a stunning wrap-around deck will make your property sell a lot faster, and for more money. And you’ll more than recover your investment with the higher selling price. Right? Maybe not. […]

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Recent Refis Reduced Interest Rates by Record Amount

by davesingery February 6, 2013 Latest News

Homeowners who refinanced their mortgage loans in the fourth quarter of 2012 reduced their interest rates by an average of 33 percent, a record savings not seen in 27 years of observance, according to Freddie Mac. Fourth-quarter refinances also came close to another record as 84 percent of refinancing homeowners either lowered or retained about […]

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January Unemployment Rate Up to 7.9%; Economy Adds 157K Jobs

by davesingery February 4, 2013 Latest News

If businesses had any reluctance to hire in December because of fiscal cliff concerns, they didn’t make up for it in January: Payrolls expanded by 157,000, down from December, but the unemployment rate moved to 7.9 percent from 7.8 percent a month earlier, the Bureau of Labor Statistics (BLS) reported Friday. Economists had forecast payrolls […]

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Foreclosure Inventory Down Nearly 20% from Year Ago

by davesingery February 4, 2013 Latest News

In December, the number of homes in some stage of the foreclosure process continued to shrink, and fewer homes were lost to foreclosure, according to the National Foreclosure Report from Corelogic. Foreclosure inventory saw a 19.5 percent decrease from a year ago as foreclosure inventory was reduced to 1.2 million homes, down from 1.5 million […]

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Home Price Expectations Vastly Different from Coast to Coast

by davesingery February 1, 2013 Latest News

Capital Economics expects home prices to increase about 5 percent over the year at a national level. However, housing markets across the nation are markedly different, and this 5 percent will not be a constant in all regions. At the two far ends of the spectrum, the Northeast and the West will experience far different […]

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Demand Builds For New Homes

by davesingery January 30, 2013 Latest News

Developers in Orange County can’t keep up inventory; new-home escrows were up 74 percent over 2011. New homes are selling again in Orange County. The problem is, developers aren’t building them fast enough to meet demand. Buyers opened 2,926 new-home escrows in Orange County last year, more than half of them in the last six […]

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