Belmont Real Estate

Featured Article

• Do New Mortgage Rules Make Borrowers Safer?

  Wednesday Jul 16 | via Realty Trac 

  You could hardly miss the headlines this week: More than 1,000 news outlets covered new rules from the Federal Reserve designed to "protect" America's mortgage borrowers.

  Comment?

  Related Topix: Home, Foreclosures, Mortgage, Mortgage, Personal Finance

Local Headlines

• 4-20-2 boldy hed goes here

  Wednesday | via Inside Bay Area 

  Home loans in default rocketed higher during the second quarter in the East Bay and elsewhere, and housing starts plunged to new depths.

  Comment?

  Related Topix: Real Estate, Foreclosures, San Mateo County, CA, Alameda County, CA, Contra Costa County, CA, Brentwood, CA

• Levee funds are still dry

  Wednesday | via San Francisco Examiner 

  San Mateo County does not have enough money to fix a levee that was deemed unsafe by the federal government, a county official said Tuesday, putting thousands of southern Peninsula residents much closer to the ...

  Comment?

  Related Topix: Mortgage, Personal Finance, San Mateo County, CA, Redwood City, CA, Natural Disasters, Flood, US News, Federal Aviation Administration

• Foreclosures rise in state, Bay Area

  Wednesday | via Almanac 

  Foreclosure proceedings were brought upon a record-number of California homeowners last quarter, a real estate information service announced Tuesday.

  Comment?

  Related Topix: San Mateo County, CA, Marin County, CA, San Francisco, CA, Foreclosures, Home, Mortgage

• Hope for housing market grows despite painful numbers

  Tuesday | via Inside Bay Area 

  The housing market remains trapped in a quagmire, according to two reports released Tuesday, but some signs emerged that hint the sector could start to see daylight before long.

  Comment?

  Related Topix: Real Estate, San Mateo County, CA, Alameda County, CA, Contra Costa County, CA, Solano County, CA, Foreclosures

• 8. Housing pinch hits county

  Tuesday Jul 22 | via San Francisco Examiner 

  San Mateo County homeowners are selling their houses for an average of $105,000 less than they were at this time last year, new data shows, proving that even the state's second-wealthiest county is not immune ...

  Comment?

  Related Topix: Foreclosures, Home, Mortgage, Mortgage, Personal Finance, San Mateo County, CA, San Mateo, CA

Regional Headlines

• Merced Sun-Star: Governor takes bold action

  5 hrs ago | via Los Banos Enterprise 

  Gov. Arnold Schwarzenegger appears to have taken a bold step in finding a solution to one segment of the state's housing crisis.

  Comment?

  Related Topix: Arnold Schwarzenegger, Merced Metro, Merced, CA, California, California Government, Home, Mortgage

• Home sales in June plunge 2.6%, a 10-year low, but West sees rise /...

  8 hrs ago | via SFGate 

  With an already huge glut of homes on the market, median prices fell compared with a year ago and analysts predicted prices would keep falling until next spring as tighter credit, a slipping job market and ...

  Comment?

  Related Topix: Housing, Real Estate, Foreclosures, California

• Foreclosure Effect on Renters

  Monday Jul 14 | via Voice of San Diego 

  I've been meaning to post this stat for a while. One-quarter of all foreclosed single-family homes in the state are occupied by renters, the California Apartment Association estimates.

  Comment?

  Related Topix: Foreclosures, California Government, California

• Report: Grand jury investigating subprime lenders

  19 hrs ago | via The Record 

  A federal grand jury reportedly is investigating the nation's largest subprime mortgage lenders, Countrywide Financial Corp., New Century Financial Corp.

  Comment?

  Related Topix: Financial Services, Countrywide Financial, Home, Mortgage, California

• Don't Let Them Slash Your Credit-Card Limits

  22 hrs ago | via WTVF Nashville 

  As big banks such as Wachovia, Citigroup and Bank of America continue to post multimillion-dollar writedowns to cover mortgage loan losses and other bad investments, credit-card holders are increasingly getting ...

  Comment?

  Related Topix: Mortgage, Personal Finance, Home, Mortgage, California

National Headlines

• Washington Mutual Bond Risk Rises as Credit-Default Swaps Climb to Record

  3 min ago | via Bloomberg Business News 

  The cost to protect Washington Mutual Inc. bonds from default rose for a third day to a record amid concern that the biggest U.S. savings and loan won't be able to weather the worst housing crisis since the ...

  Comment?

  Related Topix: Financial Services, Stamford, CT, Stamford Metro, New Haven Metro, Financial Markets, Home, Mortgage

• Foreclosure Filings More Than Double

  3 min ago | via KNBC Los Angeles Channel 4 

  The number of households facing the foreclosure process more than doubled in the second quarter compared to a year ago, according to data released Friday.

  Comment?

  Related Topix: Irvine, CA, Stockton Metro, Stockton, CA, Housing, Foreclosures

• Housing rescue on track to pass Senate by Saturday

  4 min ago | via WAND-TV Decatur 

  The Senate has cleared the last hurdle to passing a massive housing rescue bill.

  Comment?

  Related Topix: US Politics, US News, 2008 Presidential Election, George Bush, Foreclosures, Mortgage, Personal Finance

• Michigan ranks 7th in foreclosures

  5 min ago | via MLive.com 

  Michigan ranked seventh in the country in foreclosures during the second quarter of this year, according to data released July 25 by RealtyTrac.

  Comment?

  Related Topix: Foreclosures, Stockton, CA, Stockton Metro

• More people are out of work than expected this month

  7 min ago | via WBIR-TV Knoxville 

  A domino effect on Wall Street. A down day triggered by dismal earnings posted by Ford, a steep drop in existing home sales, and a spike in jobless claims.

  Comment?

  Related Topix: Home, Home Selling, Housing, Ford, Mortgage