The qualified mortgage (QM) rule was implemented in January of 2014. It is the one of the rules that originated from the Dodd-- Frank Wall Street Reform and Consumer Protection Act that will affect the housing market. This law is meant to protect consumers by strengthening underwriting standards, ... » Learn More about Lenders Leery of non-QM Lending
FHFA, S&P / Case-Shiller Home Price Measures
Last week NAR released existing home sales and median home price information that showed gains of 9.1 percent in prices in February 2014 compared to February 2013, significantly slower than trends in early summer/fall 2013 when price growth topped a double-digit pace. Today, both the FHFA and ... » Learn More about FHFA, S&P / Case-Shiller Home Price Measures
Unchanged National Home Prices Raises Questions
The Data & Analytics division of Black Knight Financial Services (BKFS) stated no monthly adjustment in its Home Price Index (HPI) for January, highlighting the problem as to where other home price reports-- including the monthly Case-Shiller Home Price Indices-- will land for the year's first ... » Learn More about Unchanged National Home Prices Raises Questions
2014 Home Sales Depend on Strong Job Market
Growing optimism in the housing purchase market comes from faith in a strengthening job market nationwide. Latest snapshots of the national housing economy by Fannie Mae and Zillow cite job growth as a spur for more durable markets, particularly in western states, where new employments and ... » Learn More about 2014 Home Sales Depend on Strong Job Market
Presentation on 203k Rehabilitation Loans this Friday
I'll be conducting a seminar Friday March 21 on the 203K Rehabilitation Loan at the Outwest Marketing Meeting for realtors and affiliated businesses in the West San Fernando Valley. The meeting is open to anyone in real estate affiliated businesses for education and networking. The 203k allows the ... » Learn More about Presentation on 203k Rehabilitation Loans this Friday