California Mortgage News

California Mortgage News - Wachovia to convert World Savings Bank branches late next year

Administrator — Fri, 12 May 2006 07:07:45 +0000

Wachovia to convert World Savings Bank branches late next year
Wachovia Corp. will begin converting California branches of Golden West Financial subsidiary World Savings Bank in the fourth quarter of 2007, nine to 12 months following the close of its acquisition of the Oakland-based thrift.

Toll Brothers Rises to No. 370 in the 2006 Fortune 500
Toll Brothers, Inc. , the nation’s leading builder of luxury homes, has jumped 107 positions and now ranks No. 370 in the recently released Fortune 500 list of America’s Largest Companies.

RISMedia Midyear Power Broker Forum is Thursday, May 18 Register Now!
RISMEDIA, May 11, 2006Space is still available for real estate broker/owners interested in attending RISMedias first annual NAR Midyear Power Broker Forum, How to Make Things Work: Grow, Integrate, Enable, on Thursday, May 18, 2006 from 3-5 p.m. at the Marriott Wardman Park Hotel in Washington, D.C.

California Mortgage News - Creative Mortgage Loans for Diverse Needs: Technology Credit Union Introduces Customized Home Loan Choices

Administrator — Tue, 02 May 2006 07:08:12 +0000

Creative Mortgage Loans for Diverse Needs: Technology Credit Union Introduces Customized Home Loan Choices
Just like every home, every homebuyer isunique. Tech CU recognizes that each home loan needs to be customized tothe buyer’s individual situation, from first-time buyers to establishedreal estate investors. To better serve this unique and ever-changingCalifornia market, Tech CU has rolled out a line of NEW home loan products.

Popkey: Laws, even ballot initiatives, should be hard to enact
Though it’s become tougher for the people to make law directly at the ballot box, Idaho has struck a fair balance.

Owning home longer increases likelihood of making a profit
Anybody thinking about buying or selling a house this spring probably is asking the same questions: In terms of historical real-estate cycles…

KENNETH HARNEY: Long years in a home make a profit likely
WASHINGTON — Anybody thinking about buying or selling a house this spring probably is asking the same question: In terms of historical real estate cycles, is this a smart time for me to be in the market?

California Mortgage News - On The Move

Administrator — Sun, 23 Apr 2006 07:08:15 +0000

On The Move
William Anfin joined CC Communications as senior developer.Susan Austin joined FWA’s Construction Administration group.

Farmer suicide on rise as India’s rural crisis deepens
Despite failed crops and mounting debts, the family of Indian cotton farmer Chandrakant Gurenule never believed his suicide threats until he set himself alight and fled their home in flames.

Sudan’s refugees may be its hope
Eighteen years after civil war pre-empted his childhood, African “Lost Boy” Khor Bher finally found his way back home from Denver to reunite with his mother. A Russian pilot ferried him and Denver volunteer Carol Rinehart to a ravaged village in southern Sudan.

California Mortgage News - All workers are in sales

Administrator — Tue, 18 Apr 2006 07:07:51 +0000

All workers are in sales
Most of us think about sales as a transaction. You swipe your credit card, you sign a mortgage, you drive away in a new car. But selling is also part of everyone’s lives as consumers, employees, parents and spouses. We sell our ideas and we even sell ourselves, especially when we’re pursuing a job or wooing a romantic partner. The experience of promoting yourself can be eerily similar to peddling

Financial Identity Fraud
They’re accused of creating a false 1040 income tax form and using the document to try and obtain a mortgage. Here are the suspects being sought. They are 39-year-old Mark Louis Evans and 37-year-old Susan Lynn Peterson. The last known address for both of them was 738 Turner Road in Columbus.

In the home-buying frenzy, renters could reap bargains
The long-term trend toward ownership is making the ‘bubble’ look fairly solid.

First Trust/FIDAC Mortgage Income Fund Declares Monthly Distribution for May of $0.085 Per Share
LISLE, Ill.—-April 17, 2006–First Trust/FIDAC Mortgage Income Fund today declared the Fund’s regularly scheduled monthly distribution, payable on May 15, 2006 to shareholders of record as of May 3, 2006.

California Mortgage News - Tax Tip 55: Deduct home refinancing

Administrator — Thu, 13 Apr 2006 07:07:32 +0000

Tax Tip 55: Deduct home refinancing
Taxpayers who refinanced their homes may be eligible to deduct some costs associated with their loans. The term “points” is used to describe certain charges paid to obtain a home mortgage.

California Mortgage News - Focus on the safety factor

Administrator — Tue, 11 Apr 2006 07:07:48 +0000

Focus on the safety factor
HOMEBUYERS are embarking on their biggest investment decision and they should avoid some common mistakes in choosing the right home loan.

Avoiding a tax hit can be tricky when selling home
Five consecutive years of double-digit home-price increases, including a 14 percent rise in 2005, make it essential for homeowners to develop tax-savvy strategies to avoid a big tax hit when it’s time to sell.

Monday’s Money Rates
Monday’s Money Rates

California Mortgage News - Market for second homes likely to stay hot

Administrator — Thu, 06 Apr 2006 07:07:49 +0000

Market for second homes likely to stay hot
If you are thinking about buying a second home this spring — or you bought one in the last couple of years — you are part of a major transformation under way in the real estate market.

Easing interest-rate fears spark home-builder rally
Shares of home-building stocks traded sharply higher Wednesday as investors reacted to comments from Thomas Hoening, Kansas City Federal Reserve president, who said interest rates are “very close” to where they need to be after a series of quarter-point hikes.

Help with housing
Washington County’s human resources director asked the County Commissioners on Tuesday to support a program that would help county employees with down payment or closing costs toward a home.

California Mortgage News - Bank likely to pull plug on loans to illegal aliens

Administrator — Sat, 01 Apr 2006 08:07:38 +0000

Bank likely to pull plug on loans to illegal aliens
HAMMOND | A controversial home loan program for illegal immigrants likely will end when Bank Calumet changes hands on Saturday.

CLARKE INELIGIBLE FOR PLYMOUTH
Plymouth will be without on-loan Wolves striker Leon Clarke for their home Championship game against Glenn Hoddle’s play-off chasers. Part of the loan agreement was that 21-year-old Clarke, who started in Argyle’s goalless draw at Preston, would not figure in Saturday’s match.

California Mortgage News - Countrywide to aid injured vets at home

Administrator — Tue, 28 Mar 2006 08:07:48 +0000

Countrywide to aid injured vets at home
Veterans who returned from Iraq and Afghanistan with incapacitating wounds got a $1 million pledge from Calabasas-based Countrywide Financial Corp. on Monday that will help make their homes liveable.

California Mortgage News - Housing is still affordable in the right spots

Administrator — Wed, 22 Mar 2006 08:07:39 +0000

Housing is still affordable in the right spots
Only 14 percent of California’s people can afford a median-priced home, but you can get a great home at the right price if you look in the right places.