CitiApartments Is No More! Well, Sort Of…
A plugged-in tipster reports: Just finishing up escrow on our first condo purchase and trying to get out of…CitiApartments. This morning called them and a receptionist answered “First Apartments how…
The Seven Samurai Deadly Sins New Mortgage Laws
Governor Schwarzenegger has approved seven new mortgage related laws. As a plugged-in reader summarizes: The gist: Negative-amortization loans are banned…residential loan originators must now be licensed…it is now a felony…
RandomRumors: All About San Francisco…Except Soma?
As a tipster notes, “ord is Zephyr is closing their Soma branch” which is at least partially true. According to our sources Zephyr’s Soma lease is up at the end…
Scoop: Examiner’s Move To Corner Weekend Open House Readership
You probably won’t read about it in the Chronicle, but the scoop according to a plugged-in source is that the San Francisco Examiner is a week away from announcing the…
50 UN Plaza: The British Aren’t Coming! The British Aren’t Coming!
The U.S. General Services Administration (GSA) has backpedaled on their original decision to award a $121 million stimulus-funded contract to renovate San Francisco’s 50 United Nations Plaza to British firm…
There’s Nothing Like A Good Fannie
“The Obama administration is considering an overhaul of Fannie Mae and Freddie Mac that would strip the mortgage finance giants of hundreds of billions of dollars in troubled loans and…
9% Of HAMP Eligible Delinquent Loans Modified, 91% To Go
Out of an estimated 2,705,302 sixty plus day delinquent loans currently eligible for modification under the government’s Home Affordable Modification Program (HAMP), offers for 406,542 trial modifications have been extended…
JustQuotes: Citi Draws Deposit Ire (And Lawsuits)
“Rental security deposits held by were funneled into an array of bank accounts and plundered, potentially affecting thousands of tenants, according to lawsuits.” ∙ Lawsuit alleges CitiApartments drained tenant deposit…
Radiance: Positioning For Phase II (And To Close Out Phase I)
As we reported last week, Phase I of Bosa’s Radiance at Mission Bay is down to 12 condos to sell on price cuts of up to 27%. As the San…
In The Words Of A Plugged-In Reader: It’s About Time
“The U.S. title-insurance industry faces increasing pressure from regulators to justify the fees charged to consumers for ensuring they have clear ownership of their homes.” ∙ Title-Insurer Fees Draw Scrutiny