Hear the latest on what's happening in Washington DC, and how it will affect the real estate industry and consumers. As a California delegate, Ron Henderson will present an overview on what transpired at the National Association of Mortgage Professionals Legislative and Regulatory Conference. Hear ... » Learn More about What’s Happening With Real Estate Finance Legislation in Washington?
California Real Estate market
Upcoming California Real Estate Legislation
As a Government Affairs Chair for the California Association of Mortgage Professionals (CAMP), I get exposed to upcoming bills being presented to local, state and federal governmental branches. February 27th is the last day bills can be introduced on the state level, but here are a few that have ... » Learn More about Upcoming California Real Estate Legislation
California Real Estate Market at a Glance
The California values are up a moderate 3.1% year over year. Inventory is up marginally, time on the market up, and the Affordability Index is flat, thanks to low interest rates have lasting longer than expected. If you are in the Los Angeles area, have any questions or real estate sales or ... » Learn More about California Real Estate Market at a Glance
January 26 FHA Cost Drop, Tighter Appraisal Review Process
The FHA monthly mortgage insurance premium drops January 26 by .50%. This is to make it more competitive with Freddie Mac and Fannie Mae's 3% down programs. The FHA Up Front Mortgage Insurance Premium will still be 1.75%. The better quality borrowers have migrated to conventional financing because ... » Learn More about January 26 FHA Cost Drop, Tighter Appraisal Review Process
California Housing Prices Plateauing
California real estate values dropped a huge 59% from it's peak May of 2007 to it's bottom February 2009. Then the big money realized housing was priced below it's long term fundamental levels. The institutional and foreign investors came in hard, pushing aside the traditional domestic buyers, and ... » Learn More about California Housing Prices Plateauing