Creditor Objects to Stockton, Calif., Bankruptcy PlanWall Street JournalFranklin criticized city leaders for not demanding lower payments to the California Public Employees’ Retirement System. The city … Stockton’s leaders put the city into bankruptcy on June 28, 2012, blaming the real estate crash that crippled its tax … and more …read more
Monthly Archives:: February 2014
Weibel Family Vineyards opens Downtown Lodi tasting room – Lodi News-Sentinel
Weibel Family Vineyards opens Downtown Lodi tasting roomLodi News-SentinelThe Weibels are among the few California winemakers allowed to have the word “Champagne” on two of their sparkling wine labels. That’s because they were already making the bubbly before 2006, when the wine label law changed to make “Champagne” … …read more
Madera County reports third flu-related death of season – Fresno Bee
Fresno BeeReal Estate Blog will return. BoNhia Lee’s Real Estate Blog will return. … Cathleen Galgiani, D-Stockton, are the latest to. … Hospitals in California are required to contact county health departments about influenza deaths of children and adults … …read more
The One Piece Of Data That Could Pop London’s Housing Bubble – Forbes
The One Piece Of Data That Could Pop London’s Housing BubbleForbesPrices are shooting up at unprecedented rates, with a 10 percent jump recorded in just one month, and supply is so low that dozens of people end up bidding on every property. All the while, real estate agents are rubbing their hands with glee as […]
Freddie Mac predicts moderate multifamily growth
Freddie Mac’s multifamily outlook report projects that growth will be favorable in 2014, but will also moderate and become more in line with long-run historical levels. …read more
Reform opponents worry House measure guts CFPB
Opponents of CFPB overhaul are starting to marshal their efforts as they see major threat to bureau’s effectiveness. …read more
Is Ocwen built on the wrong regulatory foundation?
William Erbey’s lines of businesses are starting to be questioned by those in the industry. Erbey built a servicing empire of mind-aching complexity, but how stable is it? …read more
S&P: 3 reasons REO-to-rental bonds are not triple-A
“Our primary reservations regarding the sector… revolve around the industry’s operational infancy, historical performance, the current business model’s ability to withstand extreme economic conditions,” the company said in a statement. …read more
More rain in central San Joaquin Valley; Sierra snow expected into weekend – Fresno Bee
More rain in central San Joaquin Valley; Sierra snow expected into weekendFresno BeeBoNhia Lee’s Real Estate Blog will return. Click to Continue » … Cathleen Galgiani, D-Stockton, are the latest to. … The northern and central Sierra snowpack normally provides about a third of the water used by California’s cities and farms … and more […]
Caliber Home Loans appoints new EVP
Caliber Home Loans appointed John Bianchi as executive vice president of retail, where he will play a key role in the future expansion. …read more
Find out why pending home sales are flat
January pending home sales were a wash, with gains in the South and Northeast offsetting declines in the West and Midwest. …read more
First Horizon settles reps and warrants claim with Freddie Mae
First Horizon National Corp. entered a definitive resolution agreement with Freddie Mac over the loan repurchases process, settling all representation and warranty claims related to loans sold from 2000 to 2008. …read more
Bad news: 4Q GDP tumbles 25% from initial estimate
GDP growth in all of 2013 is now estimated as lower than 2012, and fourth quarter GDP growth has been revised downward 25%. …read more
Bad news: GDP tumbles 25%
GDP growth in all of 2013 is now estimated as lower than 2012, and fourth quarter GDP growth has been revised downward 25%. …read more
Did Fed actions lead to the housing bubble? Greenspan shrugs
With the publication of Alan Greenspan’s new book we get to see that it’s not just the current crop of central bankers who can be book-smart but range-blind. …read more
Guaranteed Rate adds three firms
Guaranteed Rate purchased the assets of Sun State Home Loans, Nationwide Direct Mortgage and Arbor Mortgage, expanding the lenders footprint in three states. …read more
2014 Crowdfund Trends: Top 20 Wall-Breakers Of Real Estate Investing – Forbes
ForbesTake the case of the real estate problem in the USA. The real estate crunch caused the downfall of many big names in the U.S. capital and banking industry, but it does not mean the collapse of the whole system. It just signifies that we need to, as … …read more
The 100 most innovative technology firms
The inaugural HW TECH100 list is first to look at technology spanning the entire U.S. housing economy. …read more
Landlords responsible for safety of tenants and guests, appellate court says
By [email protected] (Denny Walsh) Absentee landlords are legally responsible for the safety of tenants and their guests on rental property, a state appellate court has ruled. …read more
1 in 5 homeowners still underwater at year’s end
Just under 1 in 5 homeowners are still underwater, according to the latest Zillow negative equity report, meaning they still owe more on their mortgage than their home is worth. …read more
GUEST POST: Mortgages, now in the hands of specialty servicers, means trouble for homeowners and investors.
By Mandelman By Marc Dann, Attorney at Law Homeowners and investors in mortgage backed securities and mortgage servicing companies need to be wary of a new development in the mortgage meltdown that has now plagued this nation for nearly six years. This new development comes in the wake of the 2007 mortgage crisis and has […]
3 Often Overlooked Real Estate Tax Breaks – Forbes
ForbesLots of people make lots of moves – real estate and otherwise – to minimize what they owe and maximize what they get back on their taxes. The first step is to make sure you’re not actually missing any tax deductions and breaks you already qualify for … …read more
Where do lenders need to watch their backs?
Mortgage fraud might need to be higher on lenders’ radar. According to the latest report, the Mortgage Fraud Risk Index value hit 101 for the final quarter of 2013, which is 2% higher than a year ago. …read more
House passes CFPB reform bill
The Consumer Financial Freedom and Washington Accountability Act, sponsored by House Financial Services Committee member Rep. Sean Duffy, R-Wisc., passed on a largely party line vote Thursday evening. …read more
CFPB reform bill hits the House floor
The Consumer Financial Freedom and Washington Accountability Act, sponsored by House Financial Services Committee member Rep. Sean Duffy, R-Wisc., went to the floor of the House Thursday afternoon. …read more