We’ve Heard Local Contractors Are Getting More Responsive Too
“Nibbi Brothers’ Larry Nibbi said he has seen a flood of résumés from construction workers who were previously employed by home-builders like KB Homes and Centex. The sudden jump in…
San Francisco real estate tips, trends and the local scoop: "Plug In" to SocketSite™
“Nibbi Brothers’ Larry Nibbi said he has seen a flood of résumés from construction workers who were previously employed by home-builders like KB Homes and Centex. The sudden jump in…
“Regulators for Fannie Mae and Freddie Mac cut the companies’ surplus capital requirement in an effort to expand their combined $1.5 trillion in mortgage investments and revive the U.S. home-loan…
From a broker update passed along by a plugged-in tipster: Countrywide, America’s Wholesale Lender will begin accepting loan submissions under the temporary “jumbo conforming” loan limit increases of the Economic…
“Rising real estate values over the past few years threatened to price new homebuyers out of the market and led some to attempt purchases before they were creditworthy. The higher…
“Merrill Lynch & Co. will eliminate 650 jobs and record a $60 million charge as it stops making new home loans through First Franklin Financial, the subprime lender that former…
Thornburg Mortgage, one of the premier jumbo ARM and Alt-A mortgage lenders, has at least one analyst raising the specter of bankruptcy as the lender failed to meet its latest…
Remember that little comment we made a few weeks ago regarding increased prepayment risk associated with increasing conforming loan limits? From the Securities Industry and Financial Markets Association (SIFMA) on…
∙ JustQuotes: Is The Subprime Sickness Spreading? ∙ Quicklinks: Countrywide “Materially Tightens” Underwriting Standards ∙ From Rumor To Reality: Up To 12,000 Layoffs At Countrywide ∙ Countrywide Secures Another $12…
According to a plugged-in tipster, First American Title Co. is closing their branch at 565 Castro Street. The unofficial reason: “market conditions.”
As a number of reader’s have either asked or emailed, Pacific Union has in fact closed down their South Beach/SoMa office.