Tuesday, January 19, 2010

MARKET UPDATE

This week's new articles on California real estate:

Do not be caught unprepared: new licensing requirements for mortgage brokers
The Legislative Watch reviews Senate Bill (SB) 36, which subjects residential loan originators to additional regulation by the DRE . . . . Read More »

Wells Fargo: 'leading the way' in cramdowns?
After acquiring $117.3 billion dollars worth of option adjustable rate mortgages (ARMs) in its acquisition of Wachovia last year, banking giant Wells Fargo is now . . . .
Read More »

The House rejects "cramdown" measure: more foreclosures on the way
The US House of Representatives votes 188-241 to reject a measure that would have given bankruptcy judges the ability to . . . .
Read More »

Analysts see unemployment peaking this month
The UCLA Anderson School of Management predict California's unemployment will top out in December of 2009 at . . . . Read More »

Wait for revised IRS Form 5405 to claim extended housing tax credit
The IRS will be releasing a new version of Form 5405, the First-Time Homebuyer Credit Form, for homebuyers looking to . . . . Read More »

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