Friday Nov 13 | via Los Banos Enterprise
The federal Neighborhood Stabilization Program has started in Los Baños, allowing city officials and the local chapter of Habitat for Humanity to begin decreasing the number of unoccupied foreclosed homes in town.Habitat Westside and the city of Los Baños are hoping to use $2.4 million to get 50 families into foreclosed homes by June, the ... Comment?
Cathleen Galgiani, "The way legislation happens...
Thursday Oct 29 | via Merced County Times
It all started on a folded napkin at a Crab Feed in Atwater. Last week the idea was hatched into a piece of legislation which was signed by the Governor of the State of California in Merced. Comment?
Banks See Fewer Foreclosures in Riverside County
Wednesday Oct 28 | via KESQ-TV Palm Desert
Fewer Riverside County homes fell into foreclosure in the third quarter of the year compared to the prior three months, but the foreclosure rate was still up by double digits from a year ago, a real estate tracking firm reported today. Comment?
Valley faces unique set of challenges
Monday Oct 26 | via Atwater Signal
In many ways the Central Valley's 19 counties are a land apart. What applies to the rest of the state often does not apply to this 25,000-square mile-region. Culturally, geographically and economically, this region runs by its own rules. Comment?
Oct 22, 2009 | via Merced County Times
Gov. Arnold Schwarzenegger made a symbolic trip to Merced this week to sign eight bills that he said will protect homeowners and buyers, and restrict fraudulent lending practices. Comment?
Home prices up - but for how long?
1 hr ago | via Whittier Daily News
At a time when home sales traditionally wane for the year, buyers are swooping in for deals and taking advantage of a federal tax credit for first-time homebuyers. Comment?
Few mortgages have been permanently modified
2 hrs ago | via Los Angeles Times
In October 2008, JPMorgan Chase & Co. shaved 25% off Rick Mullen's mortgage payment by lowering his interest rate, helping him to stay in his Valencia home despite a downturn in his small business refurbishing large shipments of damaged shoes. Comment?
State considers foreclosure mediation program
Yesterday | via SFGate
The program would allow borrowers at risk of losing their homes to request a mediation process with the lender, who would be legally bound to participate in talks to work out a home loan modification that would avoid foreclosure of the property. Comment?
New home sales up 6.2% nationwide in October, but do...
12 hrs ago | via Denver Business Journal
Sales of new homes rose 6.2 percent nationwide from the previous month, but were down 5.1 percent in the western region, including Colorado, the U.S. Department of Commerce reported Wednesday. Comment?
California's unsold home backlog falls to 4 months
13 hrs ago | via Residential Real Estate
The unsold inventory index for existing homes in October was 4 months, down from 6.1 months for the same period a year ago, the California Association of Realtors reported Wednesday. Comment?
Paulson's Future Performance: No Guarantees
5 min ago | via Seeking Alpha
There were two reactions I got to my column last week on Greg Zuckerman's new book The Greatest Trade Ever about John Paulson's $20 billion bearish housing trade in 2007: "He was lucky" and "He won't do it again." Even though these comments are mostly sour grapes, here's the problem with overanalyzing winners -- for the financial media, potential ... Comment?
Onward, Christian Subprime Lenders?
Yesterday | via Barron's
The Atlantic magazine falls for the false gospel of prosperity preachers. The truth is Jesus threw the money changers out of the temple. Comment?
Outpouring of support makes Yakima family thankful
17 min ago | via Yakima Herald-Republic
Last year, Jackie Seaton, right, went to the hospital with a headache and discovered she had a brain tumor and an aneurysm. Comment?
Mom's salary won't stretch to cover basic clothing f...
18 min ago | via Yakima Herald-Republic
A single mother of five is experiencing a difficult holiday season. With the poor economy, her job in sales is not providing enough income to make ends meet. Comment?
20 min ago | via Omaha World-Herald
Sales of new homes rose last month to the highest level in more than a year as strong activity in the South made up for weakness in the rest of the country. Comment?