PPI Blogs

The Los Angeles County Assessor's office is alerting homeowners that various private companies are sending mailings to property owners offering their services to pursue a reduction in the owner's property taxes. The companies may charge hundreds of dollars to file for a reduction in value on beha...

Consumer confidence fell in January to a new historic low and now stands at 37.7 (1985=100), down from 38.6 in December, according to the most recent Conference Board report. The Present Situation Index declined slightly to 29.9 in January compared with 30.2 the previous month and the Expectation...

Freddie Mac announced February 3rd a new Workout Strategy For High Risk Loans pilot program designed to keep more at-risk borrowers in their homes by employing third-party servicers that specialize in servicing Alt-A and other types of higher risk mortgages.Under the new pilot, a selected portfol...

Fannie Mae announced Friday it will extend its suspension of evictions from Fannie Mae-owned single-family properties through Feb. 28. The suspension applies to all single-family properties, including owner-occupied properties that have been foreclosed upon as well as foreclosed properties occupi...

Another 6 Weeks of Winter...  The Legend According to legend, if Punxsutawney Phil sees his shadow, there will be six more weeks of winter weather. If he does not see his shadow, there will be an early spring. Great News! Punxsutawney Phil, the Grand Master Groundhog saw his shadow at Sunrise thi...

C.A.R. on Sunday announced that CALMLS, the statewide Multiple Listing Service (MLS) initiative, has selected Rocklin, Calif.-based Concentric as its technology partner in California. Concentric was selected following an extensive vetting process that included input from REALTORS® and other stake...

Last night, the U.S. House of Representative passed H.R. 1, the Economic Recovery Package, by a 244 to 188 vote.The bill contains a number of issues critical to REALTORS® and the industry, including the extension, until the end of 2009, of all Metropolitan Statistical Area's (MSA's) 2008 Fannie M...

If it wasn't obvious already, we're finding out more and more through conversation with consumers how little they know about their options regarding their distressed home. Let us remind everyone, that Section 1403 of the new housing bill that was signed into law on July 30th, 2008(HR 3221 - effec...

This week, it has come to Coldwell Banker's attention that various solicitations have appeared with increased frequency on such posting boards as Craigslist.com encouraging consumers to deposit escrow funds to secure an apartment via payment through Western Union payable to www.ColdwellBanker.com...