…expect a big pickup in Bay Area real estate activity.
from SFgate:
Besides its core purpose of providing tax refunds, the tentative package - which still has several hurdles to clear - essentially rewrites the definition of “jumbo” loan, raising the cap from its current $417,000 to as high as $729,750 in high-cost areas for one year.
The [...]
Big waves continue to ripple across the mortgage & real estate industries, as people begin to digest the news that Bank of America agreed to buy Countrywide for $4.1 Billion in Stock.
I know what you’re thinking… $4 MORE billion after basically throwing $2billion down the drain a few short months ago. Don’t worry, they [...]
Follow Me on Twitter
