Bob's Coto Blog

  As the federal home buyer tax credit nears its April 30 end-date, there's a lot of would-be home buyers still working to get under contract. A piece of advice for all of them : If your pre-qualification and/or pre-approval letter is more than 8 weeks old, it would be prudent to have your lender...

Finally, thousands of people across all of California can relax a little. They no longer face a double whammy of losing their homes - and then a big state tax bill on the forgiven debt. Hours ago California state lawmakers passed legislation that will exempt borrowers who lost their homes to fore...

  Mortgage markets improved yesterday after the Federal Reserve released its March 16, 2010 meeting minutes. It's good news for home buyers and rate shoppers -- rates could have just as easily gone the other way. The Fed Minutes is a detailed recap of the debate and discussion that shapes the nat...

  As expected, the Pending Home Sales shot higher in February, boosted by the federal home buyer tax credit's April 30 deadline. Versus the month prior, February's index rose 8 percent but remains well off the highs set last October. For today's home buyers and seller, the Pending Home Sales Inde...

Mortgage markets performed terribly last week as losses piled up day by day.  It marked the second straight week of sell-offs. Pricing was influenced on several fronts including better-than-expected economic data, the end of the Federal Reserve's mortgage buyback program, and a short trading week...

In its 12-month home price forecast issued Wednesday, Veros Real Estate Solutions said it had “continued bad news for Florida.” Markets in the Sunshine State claimed the top five spots on the collateral valuation company’s list of areas where prices are expected to drop the most over the next yea...

In its 12-month home price forecast issued Wednesday, Veros Real Estate Solutions said it had “continued bad news for Florida.” Markets in the Sunshine State claimed the top five spots on the collateral valuation company’s list of areas where prices are expected to drop the most over the next yea...

In its 12-month home price forecast issued Wednesday, Veros Real Estate Solutions said it had “continued bad news for Florida.” Markets in the Sunshine State claimed the top five spots on the collateral valuation company’s list of areas where prices are expected to drop the most over the next yea...

HOPE NOW announced Wednesday that its members completed an estimated 95,586 proprietary loan modifications in February 2010, which is almost double the 52,905 modifications completed under the government’s Home Affordable Modification Program (HAMP) during the same month. Of the proprietary loan ...

There's just 30 days remaining to use the federal home buyer tax credit. The credit ranges up to $8,000 for first-time homebuyers, and up to $6,500 for existing homeworkers who have lived in their main home for 5 of the last 8 years. Claiming the federal tax credit is a two-step process. First, y...