The media is dwelling on the existing "national" home sales increasing month over month by almost 5%, when California's sales slowed by .6% month over month, and almost 10% year over year. This is prime time during the year when most sales are coming together. The statewide inventory level stayed ... » Learn More about California Housing Market at a Glance
95% LTV PMI vs FHA – PMI Wins
The recent coverage cost changes on both FHA and PMI have tilt the scales, in opposite directions, on the payment on high loan to value (LTV) loans. Private Mortgage Insurance (PMI), Federal Housing Administration (FHA), and the Veterans Administration (VA), don't make loans. They insure the ... » Learn More about 95% LTV PMI vs FHA – PMI Wins
Basics of Ability to Repay Mortgage Regulation
The Ability to Repay mortgage rule section of the Dodd Frank Regulations works in conjunction with the Qualified Mortgage (QM) regulation. At a minimum, creditors generally must consider eight underwriting factors: (1) current or reasonably expected income or assets; (2) current employment ... » Learn More about Basics of Ability to Repay Mortgage Regulation
Mortgages For Every Scenario – FHA-VA-Stated-Investor
With all the changes being made in the mortgage industry, and new government regulations being a moving target, it's advantageous to have access to the wholesale divisions of numerous big, small, private, and credit union lenders. 30 years experience can help structure deals that can close. ... » Learn More about Mortgages For Every Scenario – FHA-VA-Stated-Investor
Ron Henderson to Give Presentation on the Equity Holding Trust June 27
Ron Henderson, President & Broker Multi Real Estate Services, Inc will be conducting a presentation on the "Equity Holding Trust" for the OutWest Marketing Meeting (Southland Regional Association of Realtors) on Friday June 27, 2014 at 8:30 am. Meeting is at Coco's Bakery & Restaurant 22200 ... » Learn More about Ron Henderson to Give Presentation on the Equity Holding Trust June 27