The Consumer Financial Protection Bureau (CFPB) just issued final rules related to the Ability to Repay portion of Qualified Mortgage (QM). This will allow for some compensating factors for qualifying for a Freddie or Fannie loan, instead of the 43% Debt to Income (DTI) ratio. This change from ... » Learn More about Big Changes and Flexibility On Mortgage Qualifying Coming
FHFA Regional House Price Index
The Federal Housing Finance Agency's price index reflects substantial price increases throughout the nation month over month and year over year. The FHFA index covers single-family dwellings in the price range that would utilize Freddie Mac and Fannie Mae loans. Generally, that would include low to ... » Learn More about FHFA Regional House Price Index
Los Angeles Real Estate Report Card November 24 2020
Property values continue to appreciate with an imbalance between the quantity of available inventory and the motivated buyer base. This report card reflects a substantially lower year over year inventory, an inadequate amount of new housing construction to keep up with the number of new housing ... » Learn More about Los Angeles Real Estate Report Card November 24 2020
New Fannie Mae and Freddie Mac Loan Limits for 2021
The substantial appreciation of residential real estate values in 2020 has helped the Federal Housing Finance Agency (FHFA) push the maximum loan amounts allowed for conforming loans to new highs. On a national level, the base loan amount increased from $510,400 (2020) to $548,250 (2021). The limits ... » Learn More about New Fannie Mae and Freddie Mac Loan Limits for 2021
California Property Price Growth Accelerates
The chart says it all. Due to low interest rates, substantial buyer motivation and low inventory, California property values have jumped substantially over the past 5 months. At some point, the interest rates will go up, and pricing will get to a point where the affordability will be affected, ... » Learn More about California Property Price Growth Accelerates