CNBC is now reporting some of the problems the mortgage industry is now having because of the virus, and Federal Reserve actions. This is a moving target. As I've been blogging about, this is much deeper than just an overabundance of refinances hitting the system at once, there are systematic ... » Learn More about Mortgage Issues are Now Hitting the Media
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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
Virus Sends Interest Rates to Historic Lows
The Corona Virus had its way with the financial markets over the past week. The flight to safety of capital is going into fixed income (i.e. US treasuries, and mortgage backed securities). Mortgage rates generally mirror the moves of 10 year notes. As you can see visually the rates have dropped ... » Learn More about Virus Sends Interest Rates to Historic Lows
Los Angeles County Real Estate Report Card November 2019
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 Professionals ... » Learn More about Los Angeles County Real Estate Report Card November 2019
North Hills Home w/Large Lot and Potential
Spacious 3 bedroom 2 bathroom North Hills single story home with a large lot ready for your updates and touches. A large family room leads out to a covered patio, perfect for entertaining. Indoor laundry, kitchen with breakfast area, central air & heat, master bedroom with full bath. Double ... » Learn More about North Hills Home w/Large Lot and Potential