by Phyllis Rockower | Sep 10, 2013 | Uncategorized
FHa announced plans to cut the max amount of loans that can be backed by Fannie Mae and Freddie Mac. Right now it’s 417 for most of the country and 625 for Ca.How much is not clear. this will take place Jan 1. It may not make a big deal for the high end since...
by Phyllis Rockower | Feb 10, 2013 | Real Estate News
An ambitious project is underway for Jordan Downs which has been a crime ridden housing project. Govt money is available so of course it has to be spent. The plan is to transform Jordan downs into a mixed income community with apts., condos, shops and restaurants. If...
by Phyllis Rockower | Jan 18, 2013 | Uncategorized
Colony capital made a deal with the banks to buy 970 foreclosed homes. They made a deal with the govt to rent them out so the real estate market would not tumble. These homes are in Ca, nevada and az- the worst hit states. They paid an average of 112% of value. And...
by Phyllis Rockower | Feb 27, 2012 | Phyllis Says, Real Estate News
CA is seeking to suspend all FHA and Fannie foreclosures. Are we ever going to get out of this mess? The longer they delay the process the worse it is going to get.I thought we were moving forward with the process and had cleared up the robo signing mess.They want to...
by Phyllis Rockower | Jan 24, 2012 | Economic News, Housing News, Real Estate News
They were down from the same time last year, according to the LA Times. Don’t know yet what that means. I thought banks were gearing up the foreclosures now that they are not worried about robo stuff. la times,foreclosures,real estate market? Read the...
