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CA. Homeowners get big bucks from banks

by Phyllis Rockower | Feb 11, 2012 | Economic News, Housing News, Real Estate News

Banks have to fork over lots of money to struggling homeowners. The problem is its onlky a few banks and IT DOES NOT INCLUDE FHA OR FANNIE MAE LOANS. Huh? That’s 60% of Ca. loans Read the...

Home Loan Aid program to expand

by Phyllis Rockower | Jan 29, 2012 | Economic News, Housing News, Real Estate News

I read an article yesterday that said home owners are getting more help. It also said that the program will include investors. I have no idea what that means but they need to get investors involved and make it easier for them. The govt is also going to increase...

Home Sales fell last month in So. Cal.

by Phyllis Rockower | Jan 22, 2012 | Economic News, Housing News, Real Estate News

No surprise- it was Dec. Most of the sales were investors buying low priced properties. So the median price dropped. It’s still too difficult for most people to get a loan. Banks still are making record earnings without lending so the incentive to loosen is not...

Banks don’t want you

by Phyllis Rockower | Jan 6, 2012 | Economic News, Real Estate News, Uncategorized

Many banks are discouraging customers. They don’t want low income people and so there are more than 30 million people who are looking elsewhere. Read the story...
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