Tag Archives: LA Times

New Federal Home Loan Rules are too Much of a Good Thing

Posted on July 19, 2009 by ShortSense

Starting on July 30th, lenders and brokers will have to begin providing borrowers with a whole slew of new disclosures – some good, most bad.  One of the worst of the new requirements, as reported by Ken Harney in the … Continue reading →

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Mortgages in Default Increase Sharply in California

Posted on July 16, 2009 by ShortSense

According to First American CoreLogic, Inc., 9.5% of California mortgages in May were in default, up sharply from 5.8% in May 2008.  This will ultimately result in more foreclosures, short sales and bank owned properties coming on the market, assuming … Continue reading →

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Get Ready for Late Summer Deals on Short Sale Homes

Posted on July 7, 2009 by ShortSense

A recent article by Don Lee in the LA Times titled Another wave of foreclosures is poised to strike highlights the wave of foreclosures that is likely to start breaking onshore by late summer.  He cites that the most of … Continue reading →

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