During the traditionally "hot" real estate season, pending sales are "cold". Latest Update on COVID-19 Affect on Real Estate Sales and Mortgages 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, ... » Learn More about Southern California Pending Real Estate on a Decline Due to COVID-19
Market Updates
Latest Update on COVID-19 Affect on Real Estate Sales and Mortgages
Real estate transactions, mortgage underwriting and loan program availability has been affected substantially by a combination of the local health orders attempting to fight the populations exposure to COVID-19, and the economic fallout caused by the “Stay in Place” lockdown. This a moving target, ... » Learn More about Latest Update on COVID-19 Affect on Real Estate Sales and Mortgages
COVID-19 Real Estate Sales and Temporary Loan Guideline Changes From Freddie and Fannie
The local multiple listing service has eliminated the ability to note an open house in the system. This is in reaction to guidance from the California Association of Realtors to meet the "Stay at Home" order. Property showings should be done using technology, avoiding personal physical ... » Learn More about COVID-19 Real Estate Sales and Temporary Loan Guideline Changes From Freddie and Fannie
Potential Issues Funding Home Purchase and Refinance Loans Due to COVID-19 & the Stay at Home Order
I’ve heard “I didn’t think of that” from several real estate professionals lately. Time to wake up. The COVID-19 virus scenario is going to put purchase loans and refinances at risk in several ways. The Ability to Repay Act portion of the Dodd Frank Regulations requires that the lender of a ... » Learn More about Potential Issues Funding Home Purchase and Refinance Loans Due to COVID-19 & the Stay at Home Order
Corona Virus Drops Interest Rates to New Lows
Nothing like a bug in Asia to send our rates lower. The interest rates were already substantially lower than they were a year ago, because of economic weakness in Europe and the China trade malfunctions. Now since the China Phase 1 trade deal has been signed, the Corona Virus is replacing trade as ... » Learn More about Corona Virus Drops Interest Rates to New Lows