Monthly Archives: December 2013

New mortgage rules may favor the wealthy

New mortgage rules that go into effect Jan. 10 are designed to protect borrowers and lenders from the ills of the last housing crash. If lenders apply the rules, they are protected from legal recourse by borrowers or investors should … Continue reading

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Which home will sell for $100 million in 2014?

Yet most homes priced at $100 million or more end up selling at a fraction of that price. The Versace mansion in Miami, also known as Casa Casuarina, was on the market this year for $125 million. It sold at … Continue reading

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Hindsight could help new SF America’s Cup bid

San Francisco plans to submit a letter Monday to Team Oracle formally offering to host the America’s Cup sailing competition again – only this time, city officials won’t be offering any big subsidies or real estate as part of the … Continue reading

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US bond market selloff weighs on mortgage apps

“Following the Federal Reserve’s taper announcement, mortgage application volume dropped again last week, with rates increasing and refinance application volume falling to its lowest level since November 2008,” Mike Fratantoni, MBA’s vice president of research and economics, said in a … Continue reading

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SF developer ducked fees on house that collapsed

The former president of the San Francisco Building Inspection Commission saved himself at least $15,000 in permit fees when his business partner provided a lowball estimate of the construction costs for renovating an aging Twin Peaks home that collapsed last … Continue reading

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