All posts by Broderick Perkins


Latest real estate scam turns for sale homes into ‘for rent’ homes

Is it time for the real estate industry to cut ties with Craigslist and other websites that don’t police their ads or take action against violators? It the industry moving to fast with digital marketing?

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Storage space seeking skills

Storage facilities are coming in handy these days, in the tough housing recovery market. Given the low inventory of homes for sale, there can be a forced or strategic


Mortgage ‘borrower health’ on the mend

One of the primary reasons the housing recovery is hot to trot in some states is that those states have home buyers with the financial prowess buyers don't


Apartment developers target Millennials

The apartment housing sector isn't about to be left out of the Millennial movement. A huge demographic group, 80 million strong and aged about 13 to 35, is now


Department of Justice sues Bank of America for $850 million in investor fraud case

U.S. DEPARTMENT OF JUSTICE - Attorney General Eric Holder and U.S. Attorney for the Western District of North Carolina Anne M. Tompkins recently announced the United States has


Silicon Valley home prices up 15.7% in July

"Home owners can rejoice that their homes and condos are worth more than they were a year ago." Average home sale prices in Santa Clara County continued to rise


Mortgage rates mixed, mostly flat

The 30-year fixed-rate mortgage (FRM) was 4.40 percent, with an average 0.7 point, the week ending Aug 8, according to Freddie Mac's weekly Primary Mortgage Market Survey. Last


CFPB busts Castle & Cooke Mortgage for violating new mortgage rules

The nation's consumer watchdog took a bite out of an alleged new mortgage rules violator in a recent federal district court filing. The filing seeks to force the mortgage


Wells Fargo circles the wagons amid mortgage reform

Wells Fargo Bank is getting out of the mortgage broker joint venture business, withdrawing due to mortgage reform. Wells Fargo Ventures, LLC, a wholly-owned operating subsidiary of Wells Fargo


Infographic: Two debt-to-income ratios

To your mortgage lender, debt-to-income (DTI) ratios are as important as your credit score. DTIs clue the lender (and you) to how well you are financially able to cover


California home prices up a record 28.5%, sales tumble 3.5%

The median price paid for a home in California last month was $352,000, skyrocketing by a record 28.5 percent from $274,000 in June 2012. The state's June median


Yum! July 21 is National Junk Food Day

Celebrating the gastronomical gunk we send down our gullet, July 21 is National Junk Food Day And you don't even have to change your couch potato position to partake


Silicon Valley ‘second bubble’ a drop in a bucket of booming home prices

Drooping inventories, heavy demand, the lure of a major tech-mecca economy – and, yes, the weather – have combined to resurrect Silicon Valley's housing market. And it's off to


SF Bay Area home prices rise, sales fall as distressed share shrinks

San Francisco Bay Area home prices haven't been higher since 2008, but market conditions are less favorable for home sales. SF Bay Area home prices continued to rise in


National Mortgage Settlement compliance failures laced with 60,000 consumer complaints

Consumer advocates already knew banks were failing to comply with provisions of the $25 billion National Mortgage Settlement, an agreement between mortgage lenders, states and the federal government

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