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Fitch Rates Southern California Edison's $500MM First & Rfdg Mortgage Bonds 'A+' (Business Wire via Yahoo! Finance)
NEW YORK----Fitch Ratings has assigned an 'A+' rating to Southern California Edison's $500 million 5.5% issuance of first and refunding mortgage bonds due March 2040. The securities were priced on Monday, March 8, 2010 and are expected to settle on March 11, 2010.
Tue, 09 Mar 2010 15:05:00 GMT.
Fewer foreclosures despite mortgage trouble (The Press-Enterprise)
Foreclosure activity in Inland Southern California and the nation declined in February, compared to a year earlier, which may reflect the efforts of government and banks to prevent a new avalanche of repossessed houses from flooding the market and depressing home prices.
Thu, 11 Mar 2010 07:08:01 GMT.
CashCall Mortgage Explains Why You Should 'Never Pay Closing Costs'... Traditional Lenders Upset That Industry Secret ... (Business Wire via Yahoo! Finance)
ANAHEIM, Calif.----A recent radio ad by CashCall Mortgage seems to have struck a nerve with many competitors in the lending business. The commercial urges consumers ?never to agree to pay closing costs,? particularly for those refinancing at the same outstanding balance.
Thu, 11 Mar 2010 11:15:00 GMT.
US Loan Auditors Applauds California Attorney General Jerry Brown?s Crack Down on Phony Loan Audit Scammers (PRWeb via Yahoo! News)
US Loan Auditors announced today that they are endorsing California Attorney General Jerry Brown?s crack down on ?phony loan audits? and ?loan modification? scam artists by warning California families that scammers are out to steal their hard earned homes and money.
Thu, 11 Mar 2010 13:00:00 GMT.
Fannie Mae Mortgage-Bond Spreads Fall to Record: Credit Markets (Bloomberg)
March 9 (Bloomberg) -- Yields on Fannie Mae and Freddie Mac mortgage securities that guide U.S. home-loan rates fell to the lowest relative to Treasuries on record, even as the scheduled end of Federal Reserve purchases approaches.
Tue, 09 Mar 2010 21:47:42 GMT.
Bay State Mortgage Rates Decline From A Week Ago (Banker & Tradesman)
The average rate for a 30-year fixed mortgage in the state dropped to 4.79 percent last week, down from 4.9 percent the prior week, according to online mortgage tracker Zillow.
Wed, 10 Mar 2010 16:10:55 GMT.
First-Time Buyers, Distressed Properties Drove California's Housing Market in 2009, C.A.R. Reports (Marketwire)
LOS ANGELES, CA--(Marketwire - March 10, 2010) - Affordable home prices, tax credits for home buyers, historically low interest rates, and a large number of distressed properties prompted many first-time home buyers to enter the market in 2009, according to the CALIFORNIA ASSOCIATION OF REALTORS' (C.A.R.) 2009-2010 "State of the California Housing Market" report released today.
Wed, 10 Mar 2010 19:40:54 GMT.
First-Time Buyers, Distressed Properties Drove California's Housing Market in 2009, C.A.R. Reports (Marketwire via Yahoo! Finance)
LOS ANGELES, CA--(Marketwire - 03/10/10) - Affordable home prices, tax credits for home buyers, historically low interest rates, and a large number of distressed properties prompted many first-time home buyers to enter the market in 2009, according to the CALIFORNIA ASSOCIATION OF REALTORS' (C.A.R.) 2009-2010 "State of the California Housing Market" report released today. The percent of first ...
Wed, 10 Mar 2010 19:19:00 GMT.
Foreclosures drop for 2nd month in February: RealtyTrac (Reuters via Yahoo! News)
U.S. mortgage foreclosure filings dropped for a second straight month in February, and notched the smallest annual increase in four years as housing-rescue efforts contained activity, a report released on Thursday showed.
Thu, 11 Mar 2010 12:20:14 GMT.
(AFX UK Focus) 2010-03-08 21:07 New Issue-Southern California Edison sells $500 mln in bonds (Interactive Investor)
March 8 (Reuters) - Southern California Edison Co, a unit of Edison International on Monday sold $500 million of first and refunding mortgage bonds, said IFR, a Thomson Reuters service.
Mon, 08 Mar 2010 21:12:02 GMT.