Monthly Archives: March 2008

Jumbo Loan by Fannie Mae & Mac

Your IRS rebate check from the economic stimulus legislation won’t be arriving until sometime in May, but the stimulus plan’s new super-sized jumbo loans for buyers in high-cost housing markets have just begun hitting the marketplace. Depending on the location … Continue reading

Posted in California Home Loan Rates, City of Valley Village | 1 Comment

Fremont General Corporation Given 60 Days to Raise Money or Close Up Shop!

Regulators who forced Fremont General Corp. out of the sub-prime lending business last year have given the financial company until May 26 to find a buyer for its bank, Fremont Investment & Loan, or raise more capital, Fremont said Friday. … Continue reading

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Creative California Home Loans

After a foreclosure, former homeowners can expect bad credit and almost no options for buying another home without years of rebuilding their credit. What lender would take a chance on people with marginal credit and who have already lost a … Continue reading

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Local Banks Showing Little Love Locally

March 27 (Bloomberg) — Marjorie Killian is eager to buy a home in San Diego and is pre-approved for a mortgage. She won’t make an offer on a property until she can get a fixed rate of 5.5 percent, she … Continue reading

Posted in California Home Loan Rates, City of Valley Village | 8 Comments

Let Cities Borrow Without Paying Bond Insurers? Sure, Why Not?

Municipal governments and hospitals swept up in the credit crisis are pressing Congress to let them borrow money without having to make costly payments to troubled bond insurers.They back legislation to let thousands of banks nationwide that are members of … Continue reading

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