Tag:

爱上海RI

Higher risk has lenders wary

first_img The stressed areas are the ones where buyers are stretching their finances the most to get into a house. Stepped-up scrutiny means lenders could be asking for more financial information from borrowers and seeking more detailed appraisals of property. Ela says it also means consumers now need to do more homework to find out whether they might be buying in a stressed area. The company’s site offers free education information and sells other information such as valuation reports. John Karevoll, an analyst at La Jolla-based DataQuick Information Systems, said this does not signal a major market turn. “This just means that more loans are now being flagged for further scrutiny than was the case six or nine months ago,” he said. “The loan applications may go through just fine.” Gregory J. Wilcox, (818) 713-3743 [email protected] 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREGift Box shows no rust in San Antonio Stakes win at Santa Anita The risk is based on a scale of 1, the lowest, to 100, the highest. At 6.72 the risk is highest in the Hanford and Corcoran area. The lowest is 0.80 in Orange County and San Diego. The risk factor in the Los Angeles, Long Beach and Glendale area is 1.44, and in Oxnard, Thousand Oaks and Ventura it is 1.12. The biggest jumps came in the Salinas and Santa Cruz-Watsonville areas, while the trend was down in rural areas north of Sacramento such as Chico and Yuba City, the company said. “While the levels may not look excessive, you have some markets where the risk is on the rise,” Ela said. Mortgage lenders in California are more critically scrutinizing loan applications now because of higher default risk resulting from a shift in sales patterns as the real estate market nears the end of its boom cycle, an industry tracker said Monday. During the second half of 2005, risk levels for new mortgages statewide increased 28.6 percent across California from the prior six months, said San Juan Capistrano-based HomeSmartReports.com. The risk factor is lowest in coastal Southern California and the Bay Area, the company said. The highest risk factor is in rural Central Valley communities. This is the first time the company issued a risk report, so a historical comparison is not available, said company President Mike Ela. Previously, this information was only available to the industry. last_img read more

FUNDING IS ‘CHILD’S PLAY’ FOR THREE DONEGAL PROJECTS

first_imgA total of €5,000 has been granted for three playgrounds in Donegal.Dinny McGinley, T.D. has been informed by Dr James Reilly, T.D., Minister for Children & Youth Affairs the money has been awarded for the upgrading and purchase of equipment for three playgrounds in Donegal South West.The three playgrounds are in Glenties, Stranorlar and Donegal Town. Deputy McGinley said “Play is the work of children and improving the quality of play and recreational facilities to children will reap dividends in years to come. I would also like to pay tribute to the commitment of the community groups and Local Authorities who are working together to achieve this goal.”FUNDING IS ‘CHILD’S PLAY’ FOR THREE DONEGAL PROJECTS was last modified: May 21st, 2015 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more