Irvine loan owners pose highest risk of strategic default

Dec 5th, 2011 by IrvineRenter 

Borrowers with jumbo loans -- most of Irvine -- are most likely to strategically default a recent study shows.

Home Address ... 23 TIOGA Irvine, CA 92602
Asking Price .......  $850,000

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Banks will delay some foreclosures and evictions during the holidays

Dec 2nd, 2011 by IrvineRenter 

In order to prevent another public relations nightmare, lenders are holding off on some foreclosures or evictions during the holiday season.

Irvine Home Address ... 134 ECHO Run Irvine, CA 92614
Resale Home Price ......  $215,000

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Foreclosure settlement talks continue without California

Dec 1st, 2011 by IrvineRenter 

Despite California's withdrawal from the foreclosure settlement talks, the negotiations are continuing with other states.

 

Irvine Home Address ... 3 ABETO Irvine, CA 92620
Resale Home Price ......  $699,900

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Mortgage bankers admit to many more years of foreclosure pain ahead

Nov 30th, 2011 by IrvineRenter 

The Mortgage Bankers Association issued a new report projecting foreclosures will take three or four years to work through the system.

Irvine Home Address ... 36 CALAIS Irvine, CA 92602
Resale Home Price ......  $798,000

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House Democrats lobby to give free money to loan owners

Nov 29th, 2011 by IrvineRenter 

In what can only be described as buying votes, Democrats in the House of Representatives are lobbying to forgive principal on GSE held mortgages.

Irvine Home Address ... 27 SHEARWATER Irvine, CA 92604
Resale Home Price ......  $725,000

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FHA loan limits go back up to $729,750 in Irvine

Nov 28th, 2011 by IrvineRenter 

In an effort to support prices of expensive homes, Congress has voted to increase the FHA loan limit to $729,750 through the end of 2013.

Irvine Home Address ... 3531 PECAN St Irvine, CA 92606
Resale Home Price ......  $639,900

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Falling prices and faltering economy causes rise in mortgage delinquencies

Nov 25th, 2011 by IrvineRenter 

Mortgage delinquencies are on the rise again because of a faltering economy and strategic default from falling prices.

Irvine Home Address ... 63 LEMON Grv #279 Irvine, CA 92618
Resale Home Price ......  $149,000

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