Rosemead Real Estate

Featured Article

• Do New Mortgage Rules Make Borrowers Safer?

  Wednesday Jul 16 | via Realty Trac 

  You could hardly miss the headlines this week: More than 1,000 news outlets covered new rules from the Federal Reserve designed to "protect" America's mortgage borrowers.

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  Related Topix: Home, Foreclosures, Mortgage, Mortgage, Personal Finance

Local Headlines

• House Hunt: For Some, Now May Be the Right Time

  14 min ago | via Hispanic Business 

  Hispanics are expected to drive the first-time homebuyer market in the coming decade.

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  Related Topix: Home Buying, Home, Mortgage, Real Estate, Los Angeles County, CA

• Home foreclosures hit record high

  2 hrs ago | via LA Daily News 

  Home foreclosures across the San Fernando Valley hit another record high during the year's second quarter as the housing crisis intensified, a research center said today. 1 comment

  Related Topix: Glendale, CA, Calabasas, CA, Northridge, CA, Education, Housing, Los Angeles County, CA

• Spelling's widow buys condo for $47 million

  14 hrs ago | via Pleasant Hill Record 

  The top two floors of a residential tower still under construction have been sold for a record $47 million to Candy Spelling, the widow of TV mogul Aaron Spelling.

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  Related Topix: Housing, Foreclosures, Los Angeles County, CA, Beverly Hills, CA, Home Listing, Home

• Jonas Brothers buy house in Dallas-Fort Worth area

  20 hrs ago | via WIBW-TV Topeka 

  The Jonas Brothers reportedly bought a house in a Dallas-Fort Worth suburb - and some young neighbors sound thrilled.

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  Related Topix: Tarrant County, TX, Jonas Brothers, Home Listing, Home, Real Estate, Entertainment

• Jonas Brothers buy house in Dallas area

  Yesterday | via Daily Herald 

  The Jonas Brothers reportedly bought a house in a Dallas-Fort Worth suburb -- and some young neighbors sound thrilled.

  Comment?

  Related Topix: Tarrant County, TX, Jonas Brothers, Home Listing, Home, Real Estate

Regional Headlines

• Report: Grand jury investigating subprime lenders

  1 hr ago | via The Record 

  A federal grand jury reportedly is investigating the nation's largest subprime mortgage lenders, Countrywide Financial Corp., New Century Financial Corp.

  Comment?

  Related Topix: Financial Services, Countrywide Financial, Home, Mortgage, California

• Don't Let Them Slash Your Credit-Card Limits

  4 hrs ago | via WTVF Nashville 

  As big banks such as Wachovia, Citigroup and Bank of America continue to post multimillion-dollar writedowns to cover mortgage loan losses and other bad investments, credit-card holders are increasingly getting ...

  Comment?

  Related Topix: Mortgage, Personal Finance, Home, Mortgage, California

• Resets begin peaking on subprime loans

  5 hrs ago | via Ledger Dispatch 

  The number of homeowners facing an increase in their subprime adjustable-rate mortgage payments will peak this summer, testing the efforts of lenders and others to keep those people out of foreclosure and ...

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  Related Topix: California, Home, Mortgage, Mortgage, Personal Finance

• Subprime Today: National City posts record loss

  9 hrs ago | via MarketWatch 

  Each morning, Subprime Today provides a summary of MarketWatch's financial coverage as well as stories from other news outlets, providing links to those original articles.

  Comment?

  Related Topix: National City Corporation, Banking, Financial Services, MarketWatch, Startups, Home, Mortgage, Mortgage, Personal Finance, California

• Focus on foreclosures

  10 hrs ago | via San Bernardino County Sun 

  Help may be on the way for homeowners, banks and communities hit hard by the mortgage crisis after the House of Representatives approved a relief package on Wednesday. 1 comment

  Related Topix: Claremont Graduate University, Claremont Consortium of Colleges, California, Home, Mortgage, Mortgage, Personal Finance

National Headlines

• Existing home sales fall 2.6% in June

  4 min ago | via Butler Eagle 

  Sales of existing homes fell more sharply than expected in June as the housing industry continued to be bruised by the worst slump in more than two decades.

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  Related Topix: Housing, Real Estate, Home Selling, Home

• Report: Foreclosure sales up in Maricopa County

  4 min ago | via KTAR / Local / Stories 

  A new report shows that more than 40 percent of Maricopa County home sales in June were foreclosures.

  Comment?

  Related Topix: Foreclosures, Housing

• Fauquier Foreclosure Sales

  5 min ago | via Times Community Newspapers - Fauquier County 

  I let you all know, not long ago that the Fauquier numbers for June looked pretty good.

  Comment?

  Related Topix: Foreclosures

• ASB follows Bollard's lead, cuts fixed rate - Cullen approves

  5 min ago | via NZ Herald 

  ASB has moved quickly to cut its two year fixed home lending rate, after Reserve Bank Governor Alan Bollard cut the Official Cash Rate to 8 per cent from 8.25 per cent.

  Comment?

  Related Topix: Mortgage, Home

• Stocks tumble after sales of existing homes fall

  5 min ago | via NY Daily News 

  Wall Street abruptly ended an earnings-driven rally and closed sharply lower Thursday after a steeper-than-expected decline in existing home sales and worries about the financial sector chilled the market's ...

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  Related Topix: Real Estate, Home, Housing, Home Selling, Financial Markets, Mortgage, Mortgage, Personal Finance