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Do You ever Recover the Cost of Remodeling? Every year Remodeling magazine looks at what’s hot in renovations to calculate how much owners get back from it when they sell their homes. Sal Alfano, editorial director for Remodeling Upkeep is more popular than upgrades these days. These are the projects that often recoup the biggest [...]

The Feds are preparing lawsuits against a dozen or so big banks, accusing them of misrepresenting the quality of mortgage securities they assembled and sold at the height of the housing bubble, and seeking billions of dollars in compensation.The Federal Housing Finance Agency suits, which are expected to be filed in the coming days in [...]

Like GMAC and JPMorgan Chase, The New York Times reports that BOA is “reviewing documents in all foreclosure cases now in court”. Bank of America intends to “amend all affidavits in foreclosure cases that have not gone to judgement.” What this means is that tens of thousands of foreclosure cases would stall in the system [...]

Zillow reported yesterday that as many as one third of Americans can’t qualify for home mortgages. Credit scores under 620 won’t qualify for 30-year mortgages even with down payments as high as 25 percent. The say that 29.3% of Americans have a credit score of 620 or less. They also report that 47% of Americans [...]

The average 30-year fixed mortgage rate in California, as reported by Zillow Mortgage Marketplace is currently at 4.25 percent, down seven basis points from 4.32. This is the lowest rate reported (surprise) since Zillow Mortgage Marketplace went online in 2008. The rates Zillow reports are real-time mortgage rates based on mortgage quotes submitted daily by [...]