News You Can Use

Hi everyone! Check out our March edition of Property Lines hot off the press!  Click on the link below http://www.foleypub.com/epapers/cvarmar/index.html

by Dean Hartman on March 8, 2012 There have been a few developing (and some already existing) programs that are worth mentioning, as the newspaper headlines applaud the opportunity. With interest rates remaining at near historic lows for quite some time, many people have been unable to take advantage of these rates because of problems [...]

Americans’ economic fears are starting to subside with attitudes about personal finances, housing and employment improving, Fannie Mae said. Fannie ties this upswing in confidence to job gains made in recent months. A report from Automatic Data Processing Wednesday shows the private sector added 216,000 jobs last month. Respondents to Fannie’s national housing survey in [...]

By Don Thompson Associated Press SACRAMENTO — State Attorney General Kamala Harris promoted legislation Wednesday to reform the mortgage process in California and provide more protections for homeowners, three weeks after she secured $18 billion for California in a nationwide bank settlement. The six-bill package would write the terms of the settlement into state law, [...]

Washington, D.C. – Today, Congressman Jerry McNerney (CA-11) was joined by over a hundred of his colleagues in sending a letter to Ed DeMarco, the Acting Director of the Federal Housing Finance Agency (FHFA).  The letter calls on him to allow underwater homeowners to receive principal reductions.  DeMarco has resisted calls to take action to [...]

By Joe Goldeen STOCKTON – Cash is king when it comes to buying a home in San Joaquin County. And a lot of those kingmakers are coming from outside the county, the state and even the country. Savvy investors have known for some time that the place to pick up a bargain investment in property [...]

January California home sales, median price dip, C.A.R. reports   LOS ANGELES (Feb. 15) – California home sales declined from both the prior month and year in January, according to data from the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.).  The median price also was lower, primarily due to a sales increase in the distressed market. “Record [...]

For release: February 9, 2012 California housing affordability improves, matching previous record high, C.A.R. reports LOS ANGELES (Feb. 9) – California’s housing affordability rose to its highest level in fourth-quarter 2011, matching a record high set in 2009, thanks to lower home prices and record-low interest rates, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today. The percentage [...]

FOR IMMEDIATE RELEASE                                                                                 CONTACT: January 31, 2012                                                                            Sean Trambley 202-225-6131   ICYMI: NPR: Freddie Mac Betting Against Struggling Homeowners   In Case You Missed It… Today, National Public Radio exposed that taxpayer-owned mortgage giant Freddie Mac has invested billions of dollars betting that struggling U.S. homeowners won’t be able to refinance their [...]

Tracy Notice of Intent Tracy Map