The Case-Shiller 20 City Index for October increased 5.5% year-over-year in October, just beating the consensus forecast for 5.4% Growth. The index also climbed 5.1% year=over-year for September. The Los Angeles index climbed 6.15% year-over-year, beating the 20 city levels. Annualized Los ... » Learn More about New Case Shiller 20 City vs Los Angeles Index Data
Interesting Numbers to Digest
Some interesting numbers to make you go ummm... 1) Impact on the Economy - The building of an average single family home creates the equivalent of 2.97 jobs for a full year. The building of an average rental apartment creates the equivalent of 1.13 jobs for a full year (source: National ... » Learn More about Interesting Numbers to Digest
Fed Increases Rates 1/4% ! Now What?
The Federal Reserve increased the fed funds rate from 0-.25% to .25-.50%. Almost immediately major banks increased their Prime Rate to 3.5%. That will have an immediate affect on many credit card rates and home equity lines. As I conveyed in my previous blog in September Fed Rate and Affect on ... » Learn More about Fed Increases Rates 1/4% ! Now What?
TRID Violations Found in 90% of Recently Reviewed Mortgages per Moody’s
Here's an article from Housingwire giving an update on how the first month of the TRID implementation went. The CFPB says it was no problem. The secondary money market says 90% of the loans have technical and execution issues. Considering how the the CFPB has been penalizing lenders for technical ... » Learn More about TRID Violations Found in 90% of Recently Reviewed Mortgages per Moody’s
Best Ways to Improve Credit Scores and the 2016 Credit Scoring System Changes (Live Workshop)
FICOs and credit scoring has a huge influence on getting approved for a mortgage, and what an interest rate will be. Learn how a borrower's actions, even if they thought it would benefit their credit rating, could hurt them. Learn the tricks of the trade, and how underwriters (and computers) look at ... » Learn More about Best Ways to Improve Credit Scores and the 2016 Credit Scoring System Changes (Live Workshop)