California Median Price of Existing Detached Homes
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 ... » Learn More about California Median Price of Existing Detached Homes
FHA Guideline changes are Affecting Some Borrowers Capability to Get Loans
Even though FHA guideline changes have been in place since September, many real estate agents, lenders and borrowers are still learning that some borrowers will not be able to get an FHA loan based on the new criteria even though they could have under the old guidelines. The majority of updates ... » Learn More about FHA Guideline changes are Affecting Some Borrowers Capability to Get Loans
Mortgage Rates Jumped Today
Interest rates have been very volatile over the past couple months. Today we had multiple mortgage rate increases. If you look at the attached 10 year note chart you can see how rates jumped approx 40 basis points from the middle of October to early November. They were slowly coming down over the ... » Learn More about Mortgage Rates Jumped Today
LA Times Article on New Risky Mortgage Origination by Non-Banks Misleading
The Los Angeles Times article "After subprime collapse, nonbank lenders again dominate riskier mortgages" is misleading. The spin is non-bank lenders are originating more risky loans than banks. The real story is the US Gov't is insuring and requesting lenders to originate FHA and VA loans, which ... » Learn More about LA Times Article on New Risky Mortgage Origination by Non-Banks Misleading