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Within the last year conventional lending programs have lessened their strict lending requirements, but that doesn't mean that obtaining a conventional home loan has become any easier. In fact, conventional lending is just as unaffordable and inaccessible as it has ever been to the average American which has led many to either avoid homeownership altogether

Watching the U.S. home market struggle to rebound is like listening to children in the back of a car. No, we're not there yet. The National Association of Realtors reported that ten real estate markets are "leading the nation toward a general recovery and stability of the housing sector," but myriad problems are going to weigh down the housing market for

President Obama flew to Las Vegas, ground zero of the housing crisis, to unveil a revamp of the Home Affordable Refinance Program.

With mortgage interest rates at near historic lows, millions of homeowners have refinanced to rates as low as 4 percent for a 30-year fixed-rate mortgage or 3 percent for a 10-year fixed-rate mortgage.However, millions of other

SANTA CRUZ --" The median sales price for a single-family home in Santa Cruz County in September was $490,000, the same as in August. The median, which is the midpoint of what sold, has topped $500,000 only one month this year unlike last year, when the median topped half a million for most of the year.

There were 145 sales in September, about the same as a

U.S. home prices may get a boost from an unlikely source: a pickup in sales of properties in default before they reach the stage where they are repossessed by the bank and sold. There has been a "dramatic shift" in banks' willingness to sell a property for less than the mortgage balance to avoid foreclosing, said Ron Peltier, chairman and chief executive

In spite of the mild economic recovery we’re experiencing, the percentage of homeowners who are underwater on their mortgages — that is, they owe more than their homes are worth — has barely budged. 

According to new data from CoreLogic, 22.7 percent of homes with mortgages were underwater in the first quarter of this, versus 23.1 percent in the

California filings were down to levels not seen since late 2008, when governmental intervention caused a temporary but massive drop in activity. Foreclosure sales saw similar declines throughout our coverage area, except Washington. Notably, cancellations were up significantly across the board, leaving fewerpropeties scheduled for trustee

 When the homeowners do not make payment to the lenders, foreclosure takes place. It really is that simple. The reason for why home owners may not be able to make the payments, however, can be anything but simple.   

The worst thing home owners can do when they cannot make their home loan payments is to ignore the problem and to ignore the lender. In many

The number of financially distressed California homeowners who were dragged into the formal foreclosure process declined again last quarter, the result of turmoil and policy changes within the mortgage industry as well as shifts in the economy, a realestate information service reported.                                                         

 A total of

Mortgage rates continued to rise this week, with the benchmark conforming 30-year fixed mortgage rate rising to 5.08 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.41 discount and origination points.

The average 15-year fixed mortgage inched to 4.27 percent, and the larger jumbo 30-year