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Southern California Mortgage Blog has existed for eighteen months now, but that is the first hosting by TypePad.

We hope that you will come back regularly as we will plan to keep you in touch with the mortgage and real estate market in San Diego.Orginal post by Mary Supinger

The Office of Federal Housing Enterprise Oversight, or OFHEO, recently announced that the conforming loan limit for a FHA loan would not be reduced for 2008.  that is excellent news for the FHA loan community and potential borrowers.
Some in the industry speculated that the decreased home prices du…

A Democratic New York legislator is working on closing a loophole in the tax cipher that continues to penalize borrowers.
In a strange twist of legislative folly, a provision of the U.S. tax cipher winds up putting struggling homeowners under more pressure. Typically, homeowners unable to meet th…

For years adjustable rate mortgages (ARM’s) have been the preferred loan for both lenders and borrowers with less than perfect credit or low-moderate income.  The interest rates on ARM’s change after a few years sometimes more than once, getting higher.  Many of the interest rates on these loa…