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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
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
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
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
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