Tag Archives: neighborhood housing services

Cash Sales At Record Highs In California

In January 2009, I went back to school. The school did not take credit cards. I could not get loans for my education. So I turned to my family for loans and they came through for me. Report: With the … Continue reading

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Loan Modification Scams

There seems to be an abundant numbers of these scams in Southern California and there’s also a new education campaign to warn homeowners. How do most of these scams work? They charge people thousands of dollars for credit mediation and … Continue reading

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Recession Reshapes California’s Housing Market

Americans are no longer thrilled to extend their debts. For the last six months, the amount we owe on credit cards, auto loans and other forms of consumer loans dropped, according to the Federal Reserve. That’s the longest decline since … Continue reading

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Housing Costs Increase

From the AP: Traditionally, the government and most lenders consider a homeowner spending 30 percent or more of their income on housing costs to be financially burdened. But that definition now covers almost 38 percent of American homeowners with a … Continue reading

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Home Owners Seek More Aid

Report: The reason: Some observers believe the help will do little to stem the steady rise in foreclosures, which have now spread from subprime loans to the more conventional borrowers, potentially undermining the market stability the financial bailout aims to … Continue reading

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Subprime – Word Of The Year

From the New York Times: Exploding ARM sounds violent and is for many families. It describes an adjustable-rate mortgage for which the interest rate goes up so fast that borrowers, who could afford the monthly payments for the original mortgage, … Continue reading

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Help For Home Owners

From the Chicago Tribune: This Federal Housing Administration program allows owners who have good credit but are expecting their mortgage rate to spike to refinance into an FHA loan. Owners who’ve missed a payment don’t qualify for FHASecure, but the … Continue reading

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Foreclosure Rescue In Pennsylvania

From Pittsburghlive.com: Hoye is one of an estimated 25,000 homeowners in Pennsylvania who could face foreclosure — potentially 5,000 in Allegheny County — when their mortgage payments increase this year, according to some estimates. It is for homeowners who may … Continue reading

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Foreclosure On Staten Island

From the New York Times: “IF you’re in New York City and you want to learn about the rest of America, you should come look at Staten Island,” says Jonathan R. Peters, an associate professor of finance at the City … Continue reading

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