TUSTIN

WSJ discusses what implications of the coming FHA bailout

Nov 232012

FHA is the remaining subprime lender after the housing bust. How FHA’s Weak Finances Could Shape Housing Policy November 19, 2012, 1:14 PM By Nick Timiraos The prospect that the Federal Housing Administration may finally require taxpayer assistance threatens to complicate efforts by the agency to provide additional housing market stimulus. On Friday, the agency reported that its current reserves aren’t enough to cover potential losses, leaving a net worth deficit of $16.3 billion. Already, Obama administration officials have said they will increase insurance premiums that future borrowers will have to pay, and they’ll require borrowers to pay those premiums for a lot longer than in the past. But Friday’s report could have other ramifications. Here are three: 1) The FHA’s [Read More...]

Tustin rates a 10, it’s 27.5% undervalued

Nov 042012

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

Wells Fargo less worried about the purchasing back bad loans, according it’s books

Oct 162012

Even with new of more potential lawsuits to these giant banks, they don’t seemed worried about it. Wells Fargo lightens contributions to mortgage putback risk buffer By Kerri Ann Panchuk October 12, 2012 • 12:23pm The provisions set aside to cover potential loan repurchase requests at Wells Fargo & Co. ($33.90 -0.35%) grew 15% during the third quarter, according to the company’s earnings report. At the beginning of the period, the company put repurchase liability at roughly $1.8 billion. By quarter’s end, that number grew roughly 15% to $2.03 billion. Still, the bank added fewer reserves to hedge buyback risk in 3Q, increasing its reserve only $462 million during the period. That’s down from the $669 million buffer added to [Read More...]