Take a gander at the California Association of Realtors weekly real estate update. If you are working on a loan modification and think you are beating your head against the wall, you won't feel so alone.

C.A.R. Mortgage Update contains information about lawmakers urging Fannie Mae and FreddieMac to relax standards for mortgage on new condominiums, the Mortgage Bankers Association cutting its forecast of home-mortgage lending for the year, challenges homeowners face in reaching approval for loan modifications, and how mortgage lending rules will impact real estate.

This week’s C.A.R. Mortgage Update is ready for your review.

By Sharyn & Victoria Crown, Downtown San Diego real estate brokers

This is part of a series of articles entitled, New Condos, Downtown San Diego Style

All lenders are currently working on their portfolios with the intent to limit their mortgage losses as much as possible. We are going to update you with lender information as we receive it. Our first lender is J.P. Morgan Chase. If you have a loan with Chase, or Washington Mutual, you might want to read this information we received from the California Association of Realtors. Owners of Downtown San Diego condos are prime candidates for loan modifications. If you have another lender and would like to know their modification policies, just let us know and we will research for you. Click here for the Chase documentation.

By Sharyn & Victoria Crown, Downtown San Diego real estate agents

This is part of a series of articles entitled, New Condos, Downtown San Diego Style