Even though the Federal Reserve kicked up the Fed Funds rate by 1/4% in December, January had very solid numbers for California real estate. It’s normal for fence sitters to jump when there is a interest rate increase trend becoming obvious to the population, but given the ongoing low inventory, ... » Learn More about California Real Estate Market at a Glance
Los Angeles Measure S Town Hall Tuesday FEB 7 at El Camino High
An initiative to change the city's laws governing changes to the general plan and development projects, Measure S, will be on the ballot for voters in Los Angeles, California, on March 7, 2017. The Neighborhood Integrity Initiative, also known as Measure S, is a ballot measure set to change the ... » Learn More about Los Angeles Measure S Town Hall Tuesday FEB 7 at El Camino High
Trump Already at Work – Suspends FHA Mortgage Insurance Premium Reduction
[cherry_row] [cherry_col size_md="12"] HUD announced 1 hour after President Trump was sworn in that the recent reduction of the FHA Mortgage Insurance Premiums(MIP) has been suspended. This falls in line with what I indicated could happen in my blog FHA Drops Mortgage Insurance Rates – But ... » Learn More about Trump Already at Work – Suspends FHA Mortgage Insurance Premium Reduction
FHA Drops Mortgage Insurance Rates – But Will It Stick?
FHA took a bold step into 2017, announcing that they will reduce the annual mortgage insurance premiums most borrowers will pay by a quarter of a percent. What was really bold is they decided to do it a month after HUD Secretary Julian Castro indicated that even though the FHA reserves were at 2.3%, ... » Learn More about FHA Drops Mortgage Insurance Rates – But Will It Stick?
TransUnion and Equifax Fined for Giving Consumers Useless Credit Scores
I've been saying it for years when I give credit seminars, I recommend that everyone pulls their own credit from the credit bureaus once a year to verify the accuracy of the information in the system, but ignore the credit scores they supply. I've been calling those scores "toys". Now the ... » Learn More about TransUnion and Equifax Fined for Giving Consumers Useless Credit Scores