The Security and Exchange Commission (SEC) has agreed to allow the standards for the Qualified Residential Mortgage (QRM) to equal the Qualified Mortgage (QM) criteria imposed by the Consumer Financial Protection Bureau (CFPB). By allowing QRMs to equal the QM standards, there will not be a ... » Learn More about SEC to Allow QRM to Equal QM
Interest Rates are Down! Property Values Up! Free Loan Analysis
Rons Real Estate News & Financing Updates May 20 2014
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California Housing Market at a Glance
The California Real Estate Market has slowed from its overheated condition in 2013. In a nutshell: * Existing Home Sales - quantity DOWN year over year (Tighter credit due to new loan legislation, higher prices, fewer investors buying into the higher market, and fewer traditional buyers qualifying ... » Learn More about California Housing Market at a Glance
Government to Have Freddie and Fannie Ease Up
The new Director of the Federal Housing Finance Agency Mel Watt, is reversing the previous Director Edward DeMarco's position that the Freddie and Fannie should be tightened to reduce their roles in the housing market. They were trying to push private money into taking over the financing role... but ... » Learn More about Government to Have Freddie and Fannie Ease Up