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The decrease in the cost of borrowing doesn’t spur an increase in homeownership

Nov 212012

Banks have done a great of keeping prices up. Homeownership Remains Low Despite Decreasing Burden of Owning 11/16/2012 By: Krista Franks Brock The landscape of homeownership has undergone significant changes in recent years: The homeownership rate has declined, but so has the cost burden of owning a home. Both of these trends are most prevalent among young homeowners, according to a recent report from Fannie Mae. The national homeownership rate has declined in each of the past four years, according to the most recent Census data, which extends through 2011. The 2011 homeownership rate of 64.6 is 2.6 percentage points lower than the 2007 rate. The decline among those 25 to 44 years of age is more than twice the [Read More...]

JP Morgan reached a settlement to purchase bank more of it’s bad loans from investors

Nov 132012

These were some of the loans that JP Morgan acquired when they purchased some of the assets of the old Indy Mac bank. JPMorgan to Settle SEC Mortgage-Bond Probes, Resume Buybacks Zachary TracerNov 08, 2012 8:58 am ET Nov. 8 (Bloomberg) — JPMorgan Chase & Co., the biggest U.S. bank, reached a settlement with regulators to resolve claims tied to its home-loan business and said it would buy back as much as $3 billion of shares. The agreement in principle with the U.S. Securities and Exchange Commission covers two investigations related to mortgage-backed bonds handled by JPMorgan and Bear Stearns Cos., which the bank acquired in 2008, New York-based JPMorgan said today in a filing. “The firm has reached an [Read More...]

Justice Depart sues BofA, while the Federal Reserve gives them cheap loans

Oct 302012

These are legacy loans from Country-wide and I think this just for good Public Relations. In a past article only .22% of of the total bad in deficiencies have been collected. Justice Department Sues BofA for Over $1B, Alleging Mortgage Fraud 10/24/2012 By: Esther Cho The U.S. Department of Justice sued Bank of America for over $1 billion for alleged mortgage fraud related to the sale of loans to Fannie Mae and Freddie Mac, Manhattan U.S. Attorney Preet Bharara announced in a release Wednesday. According to the release, the civil fraud suit is a first for the Justice Department for mortgage loans sold to the GSEs. The lawsuit stems from origination practices from Countrywide, which BofA acquired in 2008. [Read More...]

We’ll sell your property in 49 days or we’ll pay you $2,500! List with us today!

Oct 282012

Market your home with Akason Realty Consulting and OC Housing News Why partner with Akason Realty Consulting and OC Housing News to market and sell your home? We likely have a buyer for your home now. We are so confident, we will sell your home 49 days or less we will pay you $2500 if we don’t! Real estate has changed. Eighty-two percent of buyers find their homes online, Akason Realty Consulting has been the number one team out of over 900 agents at Evergreen Realty for the past three years in a row. No local team has a stronger Internet presence. People choose to hire a professional when they want to sell their home faster, for more money, and [Read More...]

Frustrated by low inventory? Find tomorrow’s listings today with our exclusive pre-MLS search tool.

Oct 272012

If you are searching for a home in today’s market, you know how difficult it is to find the right property. Inventory is extraordinarily low, and there is little sign that the banks are going to release more properties to the market soon. There is still a tremendous inventory of distressed properties, and our foreclosure search too can prove it. This tool is useful for more than just indulging idle curiosity. If you are searching for your next home, this tool can help you find properties before they hit the MLS. With our fundamental value reports, we can help you research bank-owned properties before they are released so you can be ready to pounce if it meets your needs. Have [Read More...]

Wouldn’t you be embarrassed to overpay by $100,000? Our report saves you money.

Oct 242012

Don’t bid on a house until you see our report! It’s that important. Are house prices inflated or undervalued? What should house prices be in your search area? Are the neighborhoods and cities you are looking in overvalued? Are you missing opportunities in nearby communities? Our report has those answers. Are you better off renting instead of buying? Will your cost of ownership be more or less than a comparable rental? Is it currently cheaper to own or rent? Has it always been that way? Our report has those answers too. Save thousands on your next home. Be smarter than bubble era sheeple who overpaid and lost their homes. Get the OCHN newsletter right now. You can’t afford to wait. [Read More...]

Only fools buy houses without knowing neighborhood values. Don’t be a fool.

Oct 202012

Smart buyers find undervalued neighborhoods. Our report shows you how.

Oct 172012

Don’t suffer the pain of an underwater mortgage. Get this report before it’s too late.

Oct 132012

Fed Governor: Vacant homes are blocking

Oct 092012

Finally, the vacant are now at least on the radar. I suspect because rent are increasing and banks, Fannie/Freddie, and FHA are sitting on vacant homes. Elizabeth Duke: House vacancies block full economic recovery By Kerri Ann Panchuk October 8, 2012 • 10:50am Vacant properties are stalling a true housing and economic recovery, but the solutions for addressing the issue are going to be largely dependent on where the distressed properties are located, according to Federal Reserve board governor Elizabeth Duke. The number of vacant homes across the United States fell to 1.6 million units in the second quarter of 2012, which is well below the peak of 2 million units in 2010 and in the first half of 2011, [Read More...]