Archive for the ‘News’ Category

Freddie, Fannie shares sink on bailout concerns

Friday, July 11th, 2008
July 11, 2008 2:29 PM EDT
WASHINGTON – Shares of Freddie Mac recovered from a gut-wrenching plunge Friday on speculation that the mortgage company could soon see its finances stabilized with access to emergency Federal Reserve lending.

Speed of price correction is ‘almost unprecedented’

Tuesday, July 1st, 2008

USC economists present some bad news, some better news
By Glenn Roberts Jr., Friday, June 27, 2008.

Inman News

SAN FRANCISCO — The bad news: It’s “almost unprecedented” that home prices are falling “this swiftly and this steeply in this short period of time” in some California market areas.

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US home prices tumble in April at record rate

Tuesday, June 24th, 2008
June 24, 2008 3:23 PM EDT
NEW YORK – U.S. home prices tumbled in April at the fastest rate since a widely followed index was begun in 2000 with all 20 metropolitan areas surveyed posting annual declines for the first time.

Lenders pledge speedy response on loan help

Tuesday, June 17th, 2008
Mortgage companies, facing criticism that they aren’t doing enough to stem the housing crisis, are pledging to let troubled borrowers know whether they’re approved for help within 45 days of receiving a homeowner’s application.
The promise is expected to be announced Tuesday by the Hope Now alliance, a Bush administration-backed industry group, as part of a new set of guidelines for mortgage companies participating in the effort. The Associated Press obtained a copy of the guidelines.

It’s a buyer’s market in S.F.

Sunday, March 16th, 2008

When my wife and I sold our Santa Fe townhouse in 2006 and moved to Austria to spend some time with her family, we didn’t think we’d be able to afford to live in Santa Fe again. The price of housing was just too high for us.

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Fed Action Helps Fannie, Freddie

Tuesday, March 11th, 2008

Ability of Fannie and Freddie to Raise Capital Boosted by Fed’s $200B Intervention, for Now

March 11, 2008: 05:01 PM EST

NEW YORK (Associated Press) – The ability of Fannie Mae and Freddie Mac to raise capital _ which hit rock-bottom last week _ has been boosted by the Federal Reserve’s latest market intervention.

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Raising conforming loan limit not a simple task

Tuesday, February 12th, 2008

Monday, February 11, 2008

By Matt Carter
Inman News

While Fannie Mae, Freddie Mac and the Federal Housing Administration will soon be allowed to dive into what until now has been the jumbo loan market, it remains to be seen how many borrowers will benefit.

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Despite economy, many considering home improvement

Tuesday, February 12th, 2008

Inman News

Despite the weak conditions in the housing market, more than two-thirds of Americans said they would complete a home improvement project in 2008, according to a recent poll by ServiceMagic.com.

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Chase, Wells Fargo say they can weather subprime storm

Wednesday, January 16th, 2008

Standard & Poor’s warns of bigger losses on 2006 loans

Wednesday, January 16, 2008

Inman News

Investors showed renewed confidence that financial markets will weather the subprime mortgage crisis after JPMorgan Chase & Co. and Wells Fargo & Co. reported write-downs on mortgage-related investments dented fourth-quarter profits but that the firms remain adequately capitalized.

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10 Mimosa Road

Tuesday, November 13th, 2007

Remodeled home with views. Two story with master suite on second level with office or den. New stucco, carpets and kitchen. Passive solar design. Wood stove in large living room.
Click Here to view the complete listing

Gary Wallace Photo

GARY WALLACE Santa Fe Realtor of the Year 2006

Gary Wallace, Santa Fe Properties with over 34 successful years as a realtor in Santa Fe. Specializing in pueblo style adobe homes, affordable homes for first time buyers and land for sale in Santa Fe. 2006 Realtor of the Year for Santa Fe, 2008 Vice President of Santa Fe Association of Realtors, 2008 Chair of the Community Services Committee, Board member on the State and Santa Fe Association of Realtors.

Direct: (505) 984-7335
Mobile: (505) 577-0599
Home: (505) 466-1242
Office: (505) 982-4466
Toll Free: (800) 374-2931
Fax: (505) 982-9744
gwallace@sfprops.com