Monthly Archives: May 2008

Bank America #1 – Country Last in Customer Satisfaction!

Bank of America Corp. ranks highest in satisfying customers who recently obtained a home-equity product, according to J.D. Power and Associates 2008 Home Equity Line/Loan Origination Study. Charlotte, N.C.-based BofA took the top spot from rival Wachovia Corp., which ranked … Continue reading

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Default V. Current is 2 to 1 Defaults Rule in California

May 30 (Bloomberg) — Newly delinquent mortgage borrowers outnumbered people who caught up on their overdue payments by two to one last month, a sign that nationwide efforts to help homeowners avoid default may be failing. In April, 73,880 homeowners … Continue reading

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Community Development Financial Institute – Yurok Alliance – 1st to Give Home Loans in USA!!!

The local Yurok Alliance for Northern California Housing and Community Development Financial Institution (CDFI) can now generate home loans.The Yurok Alliance is the first CDFI to be granted the ability to do Section 184 home loans in the country. The … Continue reading

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Standard Pacific Gets Cash Infusion for Building

The hefty capital infusion announced today for battered home builder Standard Pacific Corp. was a surprise to Wall Street — and a particularly nasty surprise to short-sellers who have been betting that the Irvine-based company was headed for bankruptcy. Standard … Continue reading

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Foreclosures Fuel Home Sales in Some Communities

Good trend-spotting by the Wall Street Journal: “Home sales are rising in some U.S. metropolitan areas where lenders have slashed prices on foreclosed properties.” Metro areas such as? Such as Sacramento: “In California’s Sacramento County, sales of single-family homes totaled … Continue reading

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