Monthly Archives: May 2009

Thousand Oaks Mortgage Watching Bank America

By David Mildenberg May 25 (Bloomberg) — Bank of America Corp., the largest U.S. bank, modified more than 64,000 home loans for borrowers between December and March after settling charges over predatory lending in an agreement with 42 states. The … Continue reading

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Thousand Oaks Mortgage Looking at Less Agents Selling Today

The housing crunch and Internet are shrinking the ranks of agents. By Peter Y. Hong - L.A. Times.com 9:53 PM PDT, May 24, 2009 Marco Huerta and Youngmin Bae bought their Burbank home without ever meeting their real estate agent. Instead, … Continue reading

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Thousand Oaks Mortgage Listening to President Obama’s Comments

WASHINGTON — President Obama has rolled out several initiatives since mid-February to stem the rising tide of foreclosures by slowing the supply of homes coming onto a down market. Now there’s a growing clamor for him to do more to … Continue reading

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Thousand Oaks Mortgage Looking at Freddie Mac

By PRABHA NATARAJAN Housing-finance giant Freddie Mac is expected to sell nearly $1 billion of commercial-mortgage bonds backed by multifamily loans Tuesday in an attempt to bolster the battered apartment sector, according to a person familiar with the deal. This would be the … Continue reading

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Thousand Oaks Mortgage Keeping Watch for Ponzi Schemes

wo Sonoma Count men are facing charges in what local authorities call a massive real estate Ponzi scheme. Gary Armitage and Jeff Guidi were arrested after a year-long investigation of the now-defunct investment firm AGA Financial. The pair, and a … Continue reading

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