The FHA is nearly broke. It appears that another massive bailout is on the horizon: The FHA insurance program is materially undercapitalized and will require a capital infusion of $50 billion to $100 billion in the next few years – even if housing markets do not deteriorate any further. The study was written by Joseph [...] Read more

Redding, CA: California Attorney General Kamala Harris reportedly sent subpoenas to Fannie Mae and Freddie Mac, requesting information about their servicing, foreclosure, and property leasing actions in the state. The LA Times was the first to report the action Thursday, reporting comments from an anonymous source “familiar with the matter” but who “was not authorized [...] Read more

Courtesy of RealEstateInsiderNews.com Redding, CA: Among the outpouring of eulogies, analysis and other post-mortem offerings about Steve Jobs, the one authored by his sister, novelist Mona Simpson, is the most poignantly rendered. While the world continues to debate the genius of Jobs and how he applied that gift in delivering life-altering personal technology, Simpson’s remembrance [...] Read more

Reprinted from Real Estate Insider News Redding, CA: In the animal kingdom it’s ironic that we glorify predators, like the lion, while we vilify scavengers, like the vulture, that clean up the mess left behind. Even the great Benjamin Franklin was unable to fight this prejudice in his preference of the turkey over the eagle [...] Read more

Redding, CA: In a typical home inspection, an inspector goes through the house looking for obvious problems and checking integral parts of the home like the foundation, exterior, electrical, plumbing and roof, structure, heating, garage, etc. While the home inspector will tell you whether items like the heater or stove work and if the plumbing [...] Read more

By Robert Freedman, Senior Editor, REALTOR® Magazine Redding, CA: Well, there’s at least one big Wall Street banker that’s betting on the United States becoming a “rentership” society: Morgan Stanley. The company released a report just a few weeks ago saying now is a great time for institutional investors to snap up distressed single-family homes [...] Read more

By Guest Blogger: Douglas Pryde: Redding, CA. This is the first of three articles. In some seller financed real estate situations, the property owner may have an immediate need for more cash than is available from the down payment, scheduled principal and interest payments. This situation may come about when the seller needs to have [...] Read more