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Los Angeles Foreclosure

Real Estate and Mortgage Market Update for Monday 04-30-2012

The bond market opened a little better this morning with slightly weaker stock indexes. The 10-Year Note at 1.91% and MBS prices up +4/32 (.12 bps)...
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Foreclosures cost L.A. County Millions; Assessor under Fire

  • Los Angeles County Tax Assessor
  • April 11, 2012
A reality of the 2007 housing crisis has been the glut of foreclosed properties. The impact of this dilemma reared its ugly head yesterday, as Los...
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California to Receive $18 Billion in Mortgage Settlement

On February 9, Attorney General Kamala D. Harris announced that California secured up to $18 billion for its distressed homeowners as part of a $25...
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VA home loan program continues to lead mortgage industry

On January 40, the Department of Veteran Affairs (VA) announced that VA-guaranteed home loans continue to have the lowest serious delinquency and...
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Market Update for Thursday 02-02-2012

It was generally a quiet open this morning with Treasuries fractionally weaker but MBS prices with a minor improvement. At 900am the 10-Year Note...
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Notice of Defaults Drop in Los Angeles Region

Most of the nation saw Notice of Defaults (N.O.D.) drop to levels not seen since 2007. In the Los Angeles region, there were 11,250 filings...
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Your Mortgage: What is a Strategic Default?

The housing crisis which started in 2007 has lingered longer than most would have imagined. As reported today by CBS News, approximately 25% of...
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Bin Laden’s U.S. home for sale - Anyone looking for a Fixer-Upper Mansion?

The bin Laden we’re talking about Khalil bin Laden, was the brother of recently killed United States of America, FBI’s number one on...
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Deutsche Bank – Foreclosed properties make it one of top Slumlords in L.A.

According to what’s being reporting in the news Deutsche Bank (pronounced Doi-Sha) is having a tough week with negative publicity regarding...
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Loan modifications, a solution or a nightmare?

Ever since the housing crisis erupted in 2007 homeowners across the nation became more familiar with the term Loan Modification. While it seemed...
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