Portola Valley Real Estate News
Real Estate news for Portola Valley, CA continually updated from thousands of sources.
Thursday Sep 11 | via Marin Independent Journal
The median price of a Marin home ticked up 2 percent in August, to $912,409 compared with last August, and sales dropped nearly 10 percent, a data service reported Thursday. A mere 248 single-family dwellings sold in Marin this August, compared with 275 in August 2013, according to Irvine-based CoreLogic DataQuick. Comment?
Aug 15, 2014 | via San Jose Mercury News
San Francisco Federal Reserve Bank President John Williams in San Francisco, Calif., on Friday, July 18, 2014. John Williams is in charge of the largest territory -- and the largest economic unit -- in the Federal Reserve System. Comment?
Thursday Sep 11 | via Silicon Alley Insider
Prices for homes in Northern California are notoriously steep, with tech money contributing to a somewhat inflated real estate market. The team at Point2Homes helped us gather data on the most expensive homes for sale in 13 cities in and around Silicon Valley: Palo Alto, Atherton, Cupertino, Menlo Park, Woodside, Saratoga, Portola Valley, Los Altos, Los Altos Hills, Los Gatos, Hillsborough, Morgan Hill, and San Jose. Comment?
Thursday Sep 11 | via SiliconValley.com
The Bay Area's housing market is cooling off after a red-hot spring and summer, according to an August sales report released Thursday by real estate information company CoreLogic DataQuick. Steady price increases have made the region one of the hottest markets in the nation, but sales have been constrained by a lack of inventory. Comment?
Thursday Sep 11 | via WTHR-TV Indianapolis
From Apple's new smartwatch that tracks heartbeats to contact lenses that measure blood sugar - Silicon Valley is pouring billions into gadgets and apps designed to transform health care. But the tech giants... From Apple's new smartwatch that tracks heartbeats to contact lenses that measure blood sugar - Silicon Valley is pouring billions into gadgets and apps designed to transform health care. Comment?
2 hrs ago | via Business Journal
Comstock, which has 16 offices and 180 employees, originated $600 million in mortgages in 2013. For the past several years, Comstock has been acquiring other mortgage companies. Comment?
6 hrs ago | via Finance and Commerce
Advertised as a path to an affordable retirement, federally insured reverse mortgages are showing signs of a rebound, drawing the scrutiny of regulators seeking to reduce historically high default rates that have cost the government billions. Industry analysts expect strong growth as the housing market improves, particularly in once hard-hit Sun Belt areas including Phoenix, Miami and San Diego, and aging Americans find value in growing old in their homes. Comment?
Thursday | via LA Daily News
Southern California has been called the Silicon Valley of toxic lending since many of the mortgage companies that originated problematic mortgages were headquartered here. Now the successor of one of the biggest culprits of the financial crisis that devastated California communities is poised to take part in a $70 billion bank merger. Comment?
Monday Sep 15 | via Daily Chronicle
Myles Griffin, 74, poses for a photograph Sept. 11 in front of his home in Philadelphia. Comment?
Monday Sep 15 | via San Jose Mercury News
A Brentwood man has been found guilty of defrauding more than 1,000 homeowners by promising to help them keep their homes after they fell behind on their mortgage payments, the U.S. Attorney's Office said Monday. Prosecutors say Alan Tikal, 46, ran a mortgage company called KATN that targeted immigrants who did not speak English, promising to reduce their outstanding debt in return for fees. Comment?
17 min ago | via Independent.ie
THE European Central Bank has been called on to force banks here to stop charging "rip-off" interest rates on mortgages, personal loans and funding for small firms. Fianna Fail 's Michael McGrath said the main banks were defying the efforts of the ECB to cut the cost of loans and mortgages. Comment?
17 min ago | via Independent.ie
THE Insolvency Service has admitted that over-borrowed families are finding it difficult to get a financial expert to take on their cases. Now it is set to launch an information campaign to promote its services because the take-up of the new debt deals has been very low. Comment?
23 min ago | via SFGate
One area of the financial services industry that has seen little innovation over the past five years is home lending. That's not surprising, considering it was an overabundance of creativity in this sector that nearly wrecked the world's financial system. Comment?
26 min ago | via Monterey County Herald
SAND CITY >> Responding to news reports about the impending foreclosure on land slated for a luxury eco-resort, developer Ed Ghandour issued a press release Friday stating he intends to seek more than $300 million from the lenders who are suing him. New York-based Fourth Third LLC and its agent Medley Capital Corp. had filed a foreclosure suit in Monterey County court against Ghandour's company Security National Guaranty, Inc., saying he defaulted on a $29.5 million loan payoff due in June. Comment?
32 min ago | via WBTV
The U.S. government is opposing Bank of America's request that a federal judge throw out a jury verdict that found it liable for fraud over mortgages sold to mortgage giants Fannie Mae and Freddie Mac. The government's opposition comes after the Charlotte bank last month requested a judgment in its favor or a new trial in the so-called "Hustle" case. Comment?
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