San Francisco real estate tips, trends and the local scoop: "Plug In" to SocketSite™
“Three months after Fannie Mae and Freddie Mac won the freedom to step up home-loan purchases, the government-chartered mortgage-finance companies are doing what critics in the Federal Reserve and Congress…
While “Operation Malicious Mortgage” has nabbed over 400 individuals over the past three months, none of the mortgage-fraud related arrests have occured in the Bay Area. Then again, it has…
Despite what some might sell, TICs financed with fractional (or “individual”) loans are not substantively the same as condominiums. While fractional financing does mitigate a large portion of the commingled…
A plugged-in reader reports (and posits): I was on a conference call today with the National Association of Home Builders (NAHB) CEO Jerry Howard and Chief Economist David Seiders where…
Thornburg Mortgage reports “modestly increasing delinquencies” and a loss of $3.31 billion in the first quarter (“because of writedowns on securities linked to real estate”). It’s interesting to note as…
“Fannie Mae and Freddie Mac’s agreement to restrict banks from using in-house appraisal companies may violate federal law, U.S. Comptroller of the Currency John C. Dugan said in a letter…
The for sale signs have been hung on 1500 Franklin, home to Keller Williams Realty in San Francisco. And if our tipster is correct, the franchise (in San Francisco) is…
As of June 1, Fannie Mae will drop its blanket “bigger down payment in declining market policy” as it rolls out a new algorithm to better screen loans at the…
Freddie Mac, the second-largest U.S. mortgage finance company behind Fannie Mae, announced that it will raise $5.5 billion in capital following a lower than expected first-quarter loss of $151 million.…
“The has opened an office at 660 Mission St., an “urban division” that will push legislation and policies that help foster the sort of dense, urban, infill housing that is…