Home Loans San Jose

More mortgage relief from the White House -- but congressional OK doubtful

President Obama announced a sweeping plan Wednesday to help underwater homeowners refinance into lower interest loans, but funding for the proposal must be approved by a combative Congress, lowering the possibility that it will help anyone soon.

Regional Roundup – Helping Responsible Homeowners

Last week in his State of the Union Address , the President laid out his blueprint for an economy built to last, where everyone gets a fair shot, everyone does their fair share, and everyone plays by the same set of rules. He believes this is a make or break moment for the middle class and those trying to reach it. He knows what’s at stake: the very survival of the basic American promise that if ...

Subprime Debt Insured by FHA Climbs in Bet on Housing Recovery: Mortgages

In Honolulu, on the southern coast of the island of Oahu, there’s a four-bedroom home priced at $785,000 that has views of the sun setting over the Pacific Ocean. The beaches of Waikiki are 15 minutes away.

Lennar 4Q net income falls, new orders rise

(01-11) 03:53 PST MIAMI, (AP) -- Lennar Corp.'s fiscal fourth-quarter net income dropped 5 percent, partly on higher expenses, but revenue rose as the homebuilder delivered more homes. Lennar also said Wednesday that...

FHA Raises Subprime Debt Insured for Housing Rebound: Mortgages

In Honolulu, on the southern coast of the island of Oahu, there’s a four-bedroom home priced at $785,000 that has views of the sun setting over the Pacific Ocean. The beaches of Waikiki are 15-minutes away.

CA couple expecting first baby wins $208M lottery jackpot

San Jose, California, resident Daniel Bruckner visited relatives in New York for the holidays last month and came home with quite a souvenir: a $208 million winning lottery ticket.

Mortgage rate drop sparks refinancing wave

Historically low interest rates coupled with a strengthening economy are getting the new year off to a fast start, stirring hopes that the Bay Area’s dormant housing and mortgage markets may finally come to life in 2012.