Yet another "Extreme Makeover" recipient is in trouble, this one in Encinitas, Calif. Brian Wofford, a widowed father of eight, faces foreclosure five years after his home was transformed for the popular television show, the San Diego Union-Tribune reports.
This is a bi-weekly newsletter to keep you up to date with the ever changing Mortgage and Real Estate industry. Please let me know if there are particular subjects you would like me to include.
Wells Fargo Paying Back TARP; HAMP Resources; ARM Index Websites; HUD & Form 1004D
by Rob Chrisman
Wells Fargo joined the other large banks in announcing plans to pay back our TARP money. Banks are complaining that they can't attract top talent with their compensation structures capped. This is good news, since Wells called me the other day to offer me a high paying job (they said I could spel good) but I turned them down since their pay was capped. Who needs that?
Homebuilder sentiment index dips in December
by Alex Veiga, AP Real Estate Writer
Even a holiday gift from Uncle Sam couldn't brighten the homebuilders' outlook in December.
The National Association of Home Builders said Tuesday its housing market index fell by one point to 16 this month, reflecting concern that job losses and a slow economic recovery will continue to stifle demand for new homes despite the extension of a federal tax credit for buyers.