The following is a release from the Los Angeles Controller on the inefficient spending of funds allocated to take care of the homeless issues in Los Angeles. Los Angeles Controller Ron Galperin is the taxpayers’ watchdog at City Hall, making sure public dollars are spent efficiently and effectively. ... » Learn More about Los Angeles Controller Calls Out Slow Progress and Inefficient Spending On Emergency and Affordable Housing
Regulations and Laws
Double Hit on Mortgage Rates From Fed and FHFA
As you can see in the chart of the 10 year note, the long term rates have jumped pretty hard starting just before Christmas. Today the Federal Reserve's meeting notes shows their aggressive approach to normalizing interest rates. The Fed already announced they will be doubling tapering amounts ... » Learn More about Double Hit on Mortgage Rates From Fed and FHFA
What the Higher Conforming Loan Limits Means For New Mortgages
Some of my wholesale lenders are being aggressive and funding conforming loans on a higher conforming maximum loan limit of $625,000 for a one-unit property, which is $75,000 above the current FHFA limit of $548,000.The new limits generally are released for Freddie and Fannie loans by the Federal ... » Learn More about What the Higher Conforming Loan Limits Means For New Mortgages
Latest CFPB Rules to Transition Mortgages Out of Forbearance
The Consumer Financial Protection Bureau (CFPB) issued new federal mortgage servicing regulations as the foreclosure moratoria and forbearances are phased out. The rules will establish temporary special safeguards to help ensure that borrowers have time before foreclosure to explore their options, ... » Learn More about Latest CFPB Rules to Transition Mortgages Out of Forbearance
Federal Reserve Acknowledges Inflation and Rates to Go Up Sooner Than Originally Planned
The recent Federal Reserve statements convey that the high inflation being realized presently may more lasting, and not be as transitory as originally predicted. Now they’re expecting to raise rates sooner than previously perceived. There’s a lot of Fed banter now about starting with the scaling ... » Learn More about Federal Reserve Acknowledges Inflation and Rates to Go Up Sooner Than Originally Planned