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Gov. Schwarzenegger's "90 Days of Hope" campaign has rolled out a series of ads and public service announcements encouraging homeowners to fight to save their homes, according to a Tuesday press release.
“It wasn't easy, but we worked with our lender and we got to keep our...
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Oh, how times have changed.
This ad caught my eye in this morning's paper: "Bakersfield's Refi Guy" has re-invented himself. Now, in a nod to the retro-hot FHA loan, he's calling himself the "FHA Guy".
Probably a good move. But, alas, no catchy rhyme.
In April, we wrote...
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Kern County had the nation’s ninth riskiest residential mortgage market during the first three months of the year, according to a Monday report by First American CoreLogic, a Santa Ana-based real estate data company.
At the end of 2007, the county ranked No. 8 among the 100 large...
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The New York Times and other media outlets have reported that Countrywide may be under investigation for misrepresenting their financial position at a time when the sub prime mortgage melt down was looming.
Meanwhile, Countrywide CEO Angelo Mozilo was one of three mortgage industry executives...
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New loan limits from the federal government may help locals buy, or refinance their homes.
The U.S. Department of Housing and Urban Development is temporarily raising Federal Housing Administration loan limits in some parts of the country — including Kern County, according to a Wednesday...
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Here's what assistant editor John Cox dug up today:
Bakersfield’s median price for an existing home declined by 5 percent last month to $227,000, which represents an 18 percent drop from January 2007, the California Association of Realtors reported Monday.
Are we in trouble?
Read his...
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Just this morning President Bush urged Congress to do more to help people and businesses hurt by the housing market and credit crunch, according to the Associated Press.
The AP went on to report, "Bush said that other steps need to be taken to strengthen the economy, and he exhorted...
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As expected, President Bush announced a plan today to provide homeowners some relief from foreclosures.
Read Bloomberg's report, with all the details, here. Basically, strapped homeowners will be allowed to refinance into FHA-insured loans if they have good credit, according to Bloomberg.
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