Home Value less than your mortgage balance? There is HOPE.

If you, or someone you care about, are struggling with monthly payments for a home that is now worth far less than what you owe, then the new government program HOPE may be a solution for you. This program uses the current value of your home. How? A mortgage professional would order an appraisal on your current home. This appraisal is used to renegotiate the amount of money you currently owe (current mortgage balance). Just by examining your current payments and estimating the monthly payments from a reduced mortgage can tell you if HOPE is beneficial …

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Rate Cuts

Friday’s Jobs Report was brutal and would typically nudge the Fed to cut their benchmark rates in an effort to spur on the economy. But with the Fed Funds Rate already at 1%, the Fed doesn’t have much more room to cut. This means that Stocks, which worsen on poor economic news, will likely continue to struggle as a result.

Speaking of rate cuts, the Bank of England, the European Central Bank and a few other countries central banks all lowered interest rates last week to help their economies. The good news is that these cuts should have a positive effect …

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Fannie Mae Announcement on new PERMANENT HIGH-COST AREA LOAN LIMITS

Good Morning!

FannieMae posted their announcement on the new PERMANENT HIGH-COST AREA LOAN LIMITS. The highlights are below (entire announcement attached):

High Cost Loan Limits:
· 1 Unit - $625,500
· 2 Unit - $800,775
· 3 Unit - $967,950
· 4 Unit - $1,202,925

· UW via DU
· 90% Loan To Value Purchase /Rate & Term for SFR OO
· 75% LTV Purchase /Rate & Term for 2 Unit OO
· 75% LTV Cash Out 1-2 Unit OO
· 75% LTV Purchase 2 Unit NOO
· No cash out on 2nd Home and NOO
· No Adjustable Rate Mortgages with credit

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So are CD’s still Safe?

In all significant market drops over the past 20 years, CDs have been the single most likely place for investors to feel safe. This time feels no different…but it is! Why? Because the stock market is not the problem this time, it is merely the symptom of a much larger banking problem. So, buying CDs is more like running into the burning building to avoid the smoke in the street. Yes, they are “guaranteed” to certain limits by the FDIC. However, the FDIC is not stronger than the U.S. Government, so short-term U.S. Treasuries, …

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The Latest in Fannie & Freddie

The U.S.government has announced that it is taking over control of Fannie Mae and Freddie Mac. Consumers are now wondering how this change will affect them.

Treasury Secretary Henry M. Paulson said in his announcement, “Our economy will not recover until the bulk of this housing correction is behind us. Fannie Mae and Freddie Mac are critical to turning the corner on housing.” Herbert M. Allison will now head Fannie Mae and David M. Moffett has taken the reins at Freddie Mac.

The two companies, who have funded 70% of home loans in the past few months, have been placed …

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43510 Sheephorn Rd. 92315

Finish This Custom Full Log Home & Find Equity! Possibilities are endless. Will not last at this price! Ski slope views from every South side window. Contractors can complete home this summer and you could be living, skiing, & renting out this wonderful property in plenty of time for winter fun! Home is designed to accomodate 2 rentals simotaneously or rent out one floor & live or vacation in the other 2 floors! Other homes in the area sold for over 1,000,000.00 2 Fireplaces are not yet finished. For more information call listing …

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Blog Probes Real Estate Models

www.REALonomics.net is a blog that is asking serious questions about where the real estate industry is going. More specifically, REALonomics poses challenges to the broker/owners to adopt models that will allow their organizations to become more transparent.REALonomics.net advocates that the industry open up the property information portals to consumers and upgrade its approach to how it is interacting with the consumer by implementing more social networking such as www.CityBlogUSA.com, a community blogging network for every city in the USA.Visit www.REALonomics.net.

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Hospitals and Physicians

When someone relocates they often seek information about physicians, specialists, hospitals and other types of health care, such as extended care. Is there a resource in Westlake Village for health care information?

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Community Sports

Living in Westlake Village, California is a lot like living in any home town, with local sports being a big part of the lifestyle. Families look for T-Ball, Little League, soccer and of course, junior high and high school sports. What is sport organizations are in Westlake Village, California? Are their sport opportunities for adults? Is there a parks and recreation department in Westlake Village?

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City Lifestyles

What are the lifestyle opportunities in and around Westlake Village, California. Are there hiking clubs, biking trails, civic clubs, golf clubs, local arts and theater, lakes, streams, fishing, boating, camping or other types of lifestyle opportunities?

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