San jose Mortgage News

Khamis, Braunstein lead in San Jose District 10 campaign money
Campaign disclosure forms showed financial adviser Johnny Khamis and sportscaster Robert Braunstein lead a pack of seven contenders to succeed San Jose City Councilwoman Nancy Pyle in the Almaden Valley area.

Mesa West Capital Acquires $30M Loan
SAN JOSE, CA- Mesa West Capital has acquired a $30.3-million first mortgage loan from an affiliate of AllianceBernstein US Real Estate Partners secured by America Center in North San Jose, CA. America Center is made up of two new class A office buildings totaling 426,663 square feet.

Mortgage rate drop sparks refinancing wave
Historically low interest rates coupled with a strengthening economy are getting the new year off to a fast start, stirring hopes that the Bay Area’s dormant housing and mortgage markets may finally come to life in 2012.

Will mortgage writedowns increase under new plan?
The government late last week announced changes to its main foreclosure prevention initiative, the Home Affordable Modification Program.

Real Estate Weekly: Apartment rents march higher
Apartment rents rose in 2011, with Northern California markets including San Francisco, San Jose and Oakland, posting the largest rent hikes, according to a new report.

Case-Shiller Home Price Index is standard, but poor
Multistate loan officer for Waterstone Mortgage Corporation of Cincinnati speaks out against the reliability of a commonly used home price index.

Fitch Withdraws CE Rtg on San Jose (CA) (San Jose Int'l Airport) CP Notes Sers A-4A, A-4B, & B-4
NEW YORK--(BUSINESS WIRE)--Fitch Ratings withdraws the credit enhanced (CE) 'F1' rating assigned to the following commercial paper (CP) notes, which were based on the support of a direct-pay letter of credit (LOC) provided by Citibank, N.A. that was terminated on Jan. 12, 2012: -- San Jose (CA) (San Jose International Airport) subordinate CP notes (AMT) series A-4a; -- San Jose (CA) (San Jose ...

CA couple expecting first baby wins $208M lottery jackpot
San Jose, California, resident Daniel Bruckner visited relatives in New York for the holidays last month and came home with quite a souvenir: a $208 million winning lottery ticket.

More mortgage relief from the White House -- but congressional OK doubtful
President Obama announced a sweeping plan Wednesday to help underwater homeowners refinance into lower interest loans, but funding for the proposal must be approved by a combative Congress, lowering the possibility that it will help anyone soon.