Monthly Archives: August 2008

California Banks Wait to Foreclose on California Homes

Some homeowners in the area have gone months without paying their mortgages and have yet to receive a foreclosure notice —- a development that suggests banks are overloaded and that also might mean foreclosure reports are understating the region’s housing … Continue reading

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California Mortgage Bonds by Lehman Rated by Fitch

NEW YORK, Aug 29, 2008 (BUSINESS WIRE) — Fitch rates Lehman Mortgage Trust’s residential mortgage pass-through certificates, series 2008-6, as follows: –$129,332,000 classes 1-A1, 1-A2, 2-A1, 2-A2, 2-A3 and 2-AIO senior certificates ‘AAA’; –$6,614,000 class B1 ‘AA’; –$2,792,000 class B2 … Continue reading

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California Shoppers Have Online Opportunities

LOS ANGELES – Mortgage lenders have raised the bar on what it takes to qualify for a home loan the past couple of years, but shopping for a loan online has actually gotten a bit easier, if not necessarily less … Continue reading

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Riverside County Homes Getting a AA from Fitch

SAN FRANCISCO, Aug 27, 2008 (BUSINESS WIRE) — Fitch Ratings confirms the ‘AA-’ rating on approximately $37.4 million County of Riverside’s certificates of participation (COPs) (Public Safety Communication and Refunding Projects), 2007 series B and assigns an ‘AA-’ rating to … Continue reading

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Ventura County Home Sales Up

Homes sales ticked up in July as many buyers, lured by deep discounts and rising interest rates, decided to pounce. “Right now, I would buy until I ran out of money,” said Michael Oliver, a real estate investor from Ventura. … Continue reading

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