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Phil & Gayle Valenti

Agent Member Since December `04

Agent Statistics

Avg Photos per Listing: 10

Carlsbad, CA  
United States

Phone: 949-887-3886
Cell: 760-429-5600

1/23/2012 3:03:00 PM

Mortgage lenders, states reach draft settlement over deceptive foreclosure practices

The nation's five largest mortgage lenders have agreed to overhaul their industry after deceptive foreclosure practices drove homeowners out of their homes, government officials said Monday. A draft settlement between the banks and U.S. states has been ...

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1/20/2012 1:05:00 PM

Housing taxed to pay for extension of existing tax, Medicare, and unemployment benefits

NAR recently reported on legislation signed into law by President Obama that taxes housing to pay for the extension of the payroll tax, and maintain Medicare payments and unemployment benefits. Despite NAR's strong opposition to the diversion of housing ...

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1/18/2012 9:06:00 PM

Independent Foreclosure Review process.

The Federal Reserve Board issued enforcement actions against four large mortgage servicers --GMAC Mortgage, HSBC Finance Corporation, SunTrust Mortgage, and EMC Mortgage Corporation--in April 2011. Under those actions, the four servicers were required to retain ...

Views: 31       Comments: 0       Comment
1/13/2012 7:25:00 PM

Freddie Mac Now Permits Up To 12 Months Forbearance To Unemployed Borrowers

MCLEAN, Va., Jan. 6, 2012 -- Freddie Mac (OTC: FMCC) today announced it is giving mortgage servicers expanded authority to provide six months of forbearance to unemployed borrowers without Freddie Mac's prior approval and up to an additional six months ...

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1/8/2012 12:44:00 PM

Five issues for housing in 2012

Trying to figure out where the housing market is headed in 2012 offers a strong sense of déjà vu: The market feels just as it did at the beginning of 2011, when many pundits optimistically predicted that housing would finally hit bottom. The ...

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1/5/2012 12:23:00 PM

An Inconvenient Truth

There is so much about Fannie Mae and Freddie Mac that we should be angry about. In their heyday, these strange hybrids — part corporation, part government agency — were the biggest bullies in Washington, quick to bludgeon critics who dared suggest ...

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12/29/2011 2:43:00 PM

FHA extends waiver of anti-flipping regulations

The Acting FHA Commissioner has extended a temporary waiver of FHA’s anti-flipping regulation through 2012. “This extension is intended to accelerate the resale of foreclosed properties in neighborhoods struggling to overcome the possible effects ...

Views: 18       Comments: 0       Comment
12/14/2011 11:42:00 PM

Flawed Appraisals Killing Home Sales, Hampering Housing Recovery

December 8, 2011 - One out of three builders are reporting losing signed sales contracts during the preceding six months because appraisals on their homes are less than the contract sales price, according to a recent nationwide survey conducted by the National ...

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12/1/2011 9:07:00 PM

When a Co-Borrower Has Poor Credit

In most cases it is easier to qualify for a home mortgage by applying with another person — be it a spouse or partner, or even a close friend or sibling. But problems may arise if the other person’s credit score is less than stellar. A recently ...

Views: 33       Comments: 0       Comment
11/28/2011 8:56:00 PM

More Than 95 Percent of Refinancing Borrowers Choose Fixed-Rate Mortgages!!!

Trend Toward Shorter Loan Terms At Highest Share Since 2003 MCLEAN, Va., Nov. 15, 2011 / PRNewswire / -- In the third quarter of 2011, fixed-rate loans accounted for more than 95 percent of refinance loans, based on the Freddie Mac (OTC: FMCC) Quarterly Product ...

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