The worst mortgage loans were made in 2006, according to research by data provider MDA DataQuick. And those loans are begining to blow up now. According to DataQuick’s numbers, the lenders with the most foreclosure related filings in this year’s third quarter in California—-a hot bed of dicey loans were:

Countrywide (now Bank of America) with [...]

Don’t expect a rebound in home construction anytime soon.
New building permits for single-family homes fell 3% in September, the Commerce Department said today. Builders are likely anticipating a drop in demand with the expiration of the $8,000 first-time home buyer credit on Nov. 30 and are planning accordingly.
The good news is that single-family [...]

Don’t expect a rebound in home construction anytime soon.

New building permits for single-family homes fell 3% in September, the Commerce Department said today. Builders are likely anticipating a drop in demand with the expiration of the $8,000 first-time home buyer credit on Nov. 30 and are planning accordingly.
The good news is that single-family [...]

Don’t expect a rebound in home construction anytime soon.
New building permits for single-family homes fell 3% in September, the Commerce Department said today. Builders are likely anticipating a drop in demand with the expiration of the $8,000 first-time home buyer credit on Nov. 30 and are planning accordingly.
The good news is that single-family [...]

California Governor Arnold Schwarzenegger signed a flurry of bills designed to reign in abuses in the mortgage market today.
The new laws eliminate the use of negative amortization features in “high-priced loans,” which are those charging more three percentage points above a U.S. Treasury bond of the same duration.
Neg am (also known as [...]

California Governor Arnold Schwarzenegger signed a flurry of bills designed to reign in abuses in the mortgage market today.
The new laws eliminate the use of negative amortization features in “high-priced loans,” which are those charging more three percentage points above a U.S. Treasury bond of the same duration.
Neg am (also known as [...]

Shasta County Real Estate Statistics:

Available residential listings: 1,407 (down from 1,408 last week and 1,419 two weeks ago)
Homes in escrow: 523 (up from 506 last week and down from 533 two weeks ago)
Homes closed escrow so far in October: 92
Homes closed escrow in September: 213
Homes closed escrow in August: 174
Homes closed escrow in July: 181
Homes closed escrow in [...]

There’s more empty space in U.S. office buildings, shopping malls and industrial parks, says CBRE Econometric Advisors. The good news the rate of increase is slowing.
“Like with job losses, the worst period of vacancy increases is behind us,” says Jon Southard, Director of Forecasting at CBRE. “Still, this is of little comfort when ‘less bad’ [...]

There’s more empty space in U.S. office buildings, shopping malls and industrial parks, says CBRE Econometric Advisors. The good news the rate of increase is slowing.
“Like with job losses, the worst period of vacancy increases is behind us,” says Jon Southard, Director of Forecasting at CBRE. “Still, this is of little comfort when ‘less bad’ [...]

Ron Largent is announcing his candidacy for Shasta County Assessor-Recorder in 2010 and would like to extend a personal invite for you to join him at a press conference to be held at the Sundial Bridge at 12:00pm today, October 15th, 2009. You can visit his website for more information about Ron and his [...]