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San Diego County Mortgage Loans News

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OVERVIEW Background: More than 23,600 homes in the county have been subjected to foreclosure since 2005. Chula Vista claims about 14 percent, double its share of the county's housing stock. A closer look: A San Diego Union-Tribune analysis pinpointed ...

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People of modest means hitched hopes on Little Lake Street - San Diego Union-Tribune

They were extravagant purchases for a man who barely scraped by each month, running a small group home for mentally disabled men. Lured by persuasive mortgage brokers, Guevarra pulled equity – $380,000 – out of his houses in Valencia Park and on ...

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Guevarra: Luxuries lost - San Diego Union-Tribune

The Sacramento-area housing market did it again. Thanks to continually falling prices and a large supply of bank repos, sales held strong in October. That makes it a seventh month in which sales in the region have been stronger than the same time ...

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November 2008 (25) - Sacramento Bee

ATLANTA — Hundreds of lenders told federal housing officials today that a $300 billion mortgage aid program requires too many losses for consumers and lenders to realistically help 400,000 Americans avoid foreclosure. "This program is extremely ...

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Lenders criticize government mortgage aid program - San Jose Mercury News

NEW YORK (CBS News) ― Wall Street and Main Street have been caught up in credit market turmoil, which began in 2007 with rising defaults on mortgages made to financially shaky borrowers and spread to corporate bonds and other kinds of debt. May 17 ...

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Timeline: U.S. Credit Crunch & Financial Failures - KNx 1070

Take Lesley McAllister, for example. An assistant law professor at the University of San Diego, McAllister lives with her husband and two children in a rented home in Mission Hills. The family moved to San Diego three years ago and decided to rent ...

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THE ECONOMIC FALLOUT The Stakes of Mortgage Rescue Plans - Voiceof San Diego

In this program we take tax dollars from those responsible citizens who spent responsibily and arranged fixed rate mortgages in homes they … read more could afford and give it to those with low-paying jobs or who went bankrupt because of credit ...

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Lenders criticize government's $300 billion mortgage aid program at ... - Minneapolis Star Tribune

Tuesday, Nov. 18, 2008 | San Diego plans to spend $9.4 million to help homebuyers purchase foreclosed homes, and buy foreclosed homes itself to rent out to low-income families, as part of a federal grant program intended to stabilize neighborhoods ...

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Foreclosure Aid Dwarfed by Foreclosure Trouble - Voiceof San Diego

For example, last week the federal government abandoned a key component of its $700 billion rescue effort for the financial system and will not use the money to purchase troubled bank assets. Those assets include bad home loans. Treasury Secretary ...

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Federal government bails out on help for struggling homeowners - Los Angeles Daily News

For more real estate news, please visit: DQNews.com . And check out BankingMyWay to compare mortgage rates. LA JOLLA, CA--- Southern California home sales rose unseasonably last month from September as buyers shook off gloomy financial news and took ...

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