Monthly Archives: January 2008

A provision in the new economic stimulus package that would make it cheaper and easier to buy or refinance a home – a boon in the pricey Bay Area – might be terminated almost as soon as it begins.President Bush … Continue reading →

One of the features of the economic stimulus package fashioned yesterday by Congress and the Bush administration would provide guarantees to more — and much larger — mortgages in an effort to boost the housing market. But it also would … Continue reading →

California Governor Arnold Schwarzenegger yesterday extended his efforts on behalf of the hurting housing market by sending a letter to Congressional leaders asking them to raise the darn conforming loan limit for California, already! He asked that it be increased … Continue reading →

The number of California homeowners who fell behind on their mortgage payments surged in the fourth quarter of 2007 to a 15-year high, heightening the possibility of a jump in foreclosures, a real estate research firm said Tuesday. A total … Continue reading →

A wave of lawsuits is beginning to wash over the troubled mortgage market and the rest of the financial world. Homeowners are suing mortgage lenders. Mortgage lenders are suing Wall Street banks. Wall Street banks are suing loan specialists. And … Continue reading →