A “Gut Check” Then And Now? (869 Alvarado Facing Foreclosure)
Described as a “gut check for SF realtors” when it sold on 6/1/2005 (establishing a new Noe Valley neighborhood comp at $1,500,000), 869 Alvarado appears to have been refinanced a…
Fannie Mae To Market: It’s Not Getting Better, But Rather Worse
Fannie Mae lost $2.19 billion in the first-quarter, about four times that of average analyst expectations. And the largest U.S. mortgage company will now raise $6 billion in order to…
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…
JQ: Capital Requirements Follow The Asset Caps For Fannie/Freddie
“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…
Now Accepting Jumbo-Conforming Loans Submissions At Countrywide
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…
JustQuotes: Mortgage Bankers Report On Mortgage Fraud (It’s Up)
“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…
JustQuotes: Talk About Terrible Timing (And Why He’s A Former)
“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…
Premier Lender Thornburg Mortgage Headed Towards Bankruptcy?
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…
Savings From Increased Conforming Loan Limits Get Shaved
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…
QuickLinks: SocketSite’s Countdown To Countrywide’s Sale Today
∙ 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…