With the COVID-19 vaccine rollout, is it any wonder that scam artists already have started capitalizing on it? To protect yourself and your wallet, get up to speed on how the vaccine will be distributed and its costs. Both AARP and the Federal Trade Commission have issued warnings about ... » Learn More about 8 Ways to Avoid COVID-19 Vaccine Scams
Seniors Real Estate Specialist National Designation
I just added another national designation to my Realtor specialized credentials. The SRES (Seniors Real Estate Specialist) has now been added to my GRI (Graduate Realtor Institute), CIAS (Certified Investor Agent Specialist), RECS (Real Estate Cyberspace Specialist), SFR (Short Sales and Foreclosure ... » Learn More about Seniors Real Estate Specialist National Designation
San Fernando Valley Housing Statistics December 2020
The San Fernando Valley hot housing market continues through the end of 2020 on a high note. Sales are still driven by historically low interest rates, and prices pushed higher from low inventory. Basic supply and demand out of balance. The attached charts reflect the levels of newly opened ... » Learn More about San Fernando Valley Housing Statistics December 2020
Fed Keeps Rate at 0% Till 2023, Continues Buying Mortgage Backed Securities
Today's Federal Reserve FOMC meeting statement basically indicated that they expect to leave the overnight Fed Fund's Rate at 0 -.25% till 2023, and will continue their asset purchases of $80B in US Bonds and $40B a month in mortgage backed securities till they see employment stability and inflation ... » Learn More about Fed Keeps Rate at 0% Till 2023, Continues Buying Mortgage Backed Securities
Big Changes and Flexibility On Mortgage Qualifying Coming
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