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
Mortgage Rates Finally Get Better
After a parabolic increase in interest rates since the BREXIT vote in July, the rates have backed off a fair amount over the past few days. I expected this since the bonds and mortgage backed securities needed to take a break, and the investors that had capital gains over the past year held off on ... » Learn More about Mortgage Rates Finally Get Better
Top 10 Markets for Housing in 2017 (Infographic)
Being #2 we try harder :-) If you are in the Los Angeles area, have any questions or real estate sales or financing needs, feel free in contacting me. Ron Henderson GRI, RECS, CIAS President/Broker Multi Real Estate Services, Inc. Gov’t Affairs Chair – California Association of Mortgage ... » Learn More about Top 10 Markets for Housing in 2017 (Infographic)
Fed Increases Rate 1/4% – Mortgage Rates Jump
The Federal Reserve increased their overnight Fed Funds rate by .25% to .50-.75%. The bond market seemed more concerned about Fed Chair Janet Yellen's press conference, and if the Fed is behind the curve, and moving too slow. Yellen indicated that they are planning three more rate adjustments in ... » Learn More about Fed Increases Rate 1/4% – Mortgage Rates Jump
HERO and PACE Loans Get a New Disclosure Jan 1 – For Good Reasons
As I blogged and gave presentations on over a year ago (Think Twice About Using a HERO Energy – Water Conservation Financing Program), the PACE (Property Assessed Clean Energy) and HERO (Home Energy Renovation Opportunity) loans pitched by the government and sold by contractors to make energy and ... » Learn More about HERO and PACE Loans Get a New Disclosure Jan 1 – For Good Reasons