Monthly Archives: April 2008

Countrywide Reports More Losses in California

April 29 (Bloomberg) — Countrywide Financial Corp., the mortgage lender that Bank of America Corp. plans to buy, reported a third straight quarterly loss as late payments and home foreclosures escalated. The net loss was $893 million, or $1.60 a … Continue reading

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First Time Buyers – Buy This Year in California

La Mesa, CA — (SBWIRE) — 04/28/2008 — Southern California based Mortgage Expert finally unveils an all-inclusive first time home buyer program for prospective San Diego County homeowners. http://www.sandiegofirsttimebuyer.info It is quite simple to find out more information. If you … Continue reading

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Politicians Legislatation for Foreclosure Future Act!

In every crisis lies opportunity – for politicians to pass new laws.The nation’s escalating foreclosure cataclysm is no exception. Federal and state legislators are scurrying to craft bills that aim to help struggling homeowners stave off foreclosure, buoy the sagging … Continue reading

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California Adjustable Rates Up $100 NOT $1,000!

 The great mortgage reset of 2008 isn’t turning out quite as advertised. Thanks to interest rate cuts by the Federal Reserve, payments on sub-prime loans with expiring “teaser” rates are going up only modestly when the loans start adjusting — … Continue reading

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Homeowners With Money Convert to Fixed Loans

April 25 (Bloomberg) — Mortgage refinancing in the U.S. is increasing as record numbers of homeowners dump their adjustable-rate mortgages for the security of a fixed loan. The amount of refinanced home loans will reach $321 billion by the end … Continue reading

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