The government program that gives homebuyers that have not owned a home in the past three years an $8000 credit is set to expire on November 30th. Since the purchase of homes is critical to the recovery of our economy; much more so than giving $4500 for...

The government and the journalists seem to leave out some of the important stuff when they tout the "wonderful" lending opportunities of Fannie Mae and Freddie Mac government backed loans. We need to remember that Fannie and Freddie are in the...

The median price for all So. Cal homes combined last month was $250,000- This is down 10.1% from $278,000 in December- and down a whopping 39.8% from January 2008 when the median price was $415,000. All total Southern California is down 50.5% from it's...

The basic principles for Hope Now; a program overseen by a board made up of Secretary of HUD, Secretary of Treasury, Chairman of the Federal Reserve Board and the Chairman of the Federal Deposit Insurance Corp; were that: Lender permission needed for...

In an effort to stop homeowners from purchasing a new home and then defaulting on their current home (termed 'Buy & Bail' in the industry); the FHA is making it harder to qualify for a federally insured loan to make the new home purchase....