Is the Obama administration failing the housing market? Maybe.
California’s attorney general is suing mortgage giants Fannie Mae and Freddie Mac, demanding that the government-backed companies respond to questions in a state investigation.
The California Association of Realtors will hold their state convention at the San Jose Expo Center. But according to the group, the state housing market is only expected to improve marginally in the next year.
Bay Area homeowners are rushing to take advantage of mortgage rates that have hit another record low.