| Brenda Singletary |
| 559.816.6532 |
| brsingletary@yahoo.com |
CAR NEWSLINE UPDATES: PER CAR AND OTHER SOURCES
“Free home inspection with any
close of escrow for my clients!!!"
close of escrow for my clients!!!"
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3.6 percent of prime mortgages, an increase of 20 percent from the previous quarter and more than double a
year ago.
Other findings from the report included:
•More than half of all modified loans re-defaulted within six months of modification, with re-default defined as
60 or more days delinquent or in foreclosure.
•Servicers implemented nearly 274,000 trial plans under the administration’s “Home Affordable Modification
Program” (HAMP) during the third quarter.
•Servicers implemented nearly twice as many home retention actions as new foreclosures.
•More than 80 percent of the loan modifications in the third quarter reduced monthly principal and interest
payments.
The complete report can be downloaded from the OCC and OTS Web sites, www.occ.gov and www.ots.gov.
Fast Facts
Calif. median home price - October 09: $297,500 (Source: C.A.R.)
Calif. highest median home price by C.A.R. region October 09: Santa Barbara So. Coast $970,000 (Source: C.
A.R.)
Calif. lowest median home price by C.A.R. region October 09: High Desert $118,580 (Source: C.A.R.)
Calif. First-time Buyer Affordability Index - Third Quarter 2009: 64 percent (Source: C.A.R.)
Mortgage rates - week ending 12/24/09 30-yr. fixed: 5.05 Fees/points: 0.7% 15-yr. fixed: 4.45% Fees/points:
0.6% 1-yr. adjustable: 4.38% Fees/points: 0.6% (Source: Freddie Mac)