The other day I had an in-district meeting with San Fernando Valley Congressman Tony Cardenas (D-CA 29th District) with some of my associates from the Southland Regional Association of Realtors Government Affairs Committee. Even though the congressman works on the federal elements of the ... » Learn More about Meeting with Congressman Cardenas Recap
Regulations and Laws
California Water Use Laws and Cost – Here’s the Correct Information
There's been a lot of incorrect information being bantered around regarding new water costs. The water police will not be smacking our wrists for taking a long shower... but a bill was signed into law May 2018 tightens water use efficency use on the states water agencies. It will be the agencies ... » Learn More about California Water Use Laws and Cost – Here’s the Correct Information
FHA Makes it Easier to Get Loans on Condos – Including Reverse Mortgages
It’s been bantered around for years, finally the Federal Housing Administration announced long awaited changes to the guidelines to approving condominiums for FHA loans. This will help in several areas. FHA loans allow for low down payments, and easier borrower qualifying guidelines than ... » Learn More about FHA Makes it Easier to Get Loans on Condos – Including Reverse Mortgages
Federal Reserve’s New Keyword is Patience – No More Hikes for a While
The Federal Reserve has reversed their previously conveyed interest rate plan. Fed Chair Jay Powell indicated there are too many crosscurrents , and the appropriate policy will be to stay pat on the present Fed Funds Rate of 2.25-2.5% for a undetermined period. Only 6 weeks ago the perceived Fed ... » Learn More about Federal Reserve’s New Keyword is Patience – No More Hikes for a While
How a Partial Gov’t Shutdown Can Affect Real Estate Transactions and Mortgage Originations
Several of the Federal Government departments and agencies already have had their budgets approved by Congress. So they won't be affected by the looming potential gov't shutdown. A few areas of the government that may get caught up in a shutdown can have a direct effect on closing a mortgage. The ... » Learn More about How a Partial Gov’t Shutdown Can Affect Real Estate Transactions and Mortgage Originations