San francisco Mortgage News

San Francisco Area Home Prices Drop Record 44 Percent (Update1) (Bloomberg)
Dec. 18 (Bloomberg) -- Home prices in the San Francisco Bay Area plunged a record 44 percent in November and the median fell to the lowest since September 2000 as foreclosure sales pushed down values, according to MDA DataQuick.

San Francisco Home Prices Lowest in Decade (TheStreet.com)
Allure of discounted foreclosures continued to drive sales in affordable inland markets.

Paul Pelosi, Jr., the fresh green prince of San Francisco [Field Guide] (Valleywag)
Speaker of the House Nancy Pelosi loves to talk up her folksy grandmotherhood. But what's her record at raising kids? This much we know: Son Paul Pelosi Jr. is dating a lingerie model. And more: ...

Walking away from a mortgage no longer unthinkable (AP via Yahoo! News)
Diane Shackle found it gut-wrenching to walk away from a mortgage she took out in times that were better for both her and the U.S. economy.

Walking away from a mortgage no longer unthinkable (San Francisco Chronicle)
Diane Shackle found it gut-wrenching to walk away from a mortgage she took out in times that were better for both her and the U.S. economy. But the reality was undeniable: While she was keeping up with the monthly payments, she said she could no longer afford...

National New Markets Fund Closes $9 Million Investment With U.S. Bank for Redevelopment in San Francisco's Mission ... (Marketwire via Yahoo! Finance)
National New Markets Fund, LLC -- a New Markets Tax Credit fund created by Los Angeles-based Strategic Development Solutions and Boston-based Economic Innovation International -- has closed $9 million in NMTC financing to redevelop an underutilized warehouse in San Francisco's Mission District into a resource center with tenants that will provide much needed services to the community.

Mortgage woes causing some to walk away (Las Vegas Review-Journal)
You know the financial outlook is glum when the mortgage brokers who arrange loans have quit paying their own debts.

Freddie Mac: 30-year Fixed Mortgage Rate At 37-year Low (Fox News)
Freddie Mac: 30-year Fixed Mortgage Rate At 37-year Low

Walking away from mortgage no longer the unthinkable (The Nashua Telegraph)
CHICAGO -- Diane Shackle found it gut-wrenching to walk away from a mortgage she took out in times that were better for her and the U.S. economy. ... - By DAVE CARPENTER The Associated Press