"Show me the money!" Ron Henderson from AmerFund Lending Group will discuss the general market overview, the effect of the CFPB & Dodd Frank Financial Regulations on mortgages, and the changing roles of banks, small lenders and private money. There will be plenty of time for Q & A. Learn ... » Learn More about Ron Henderson to Give Presentation on Mortgage Market How it Works and Current Trends August 6
Dodd Frank financial regulations
Banks Dish Out Million Dollar Mortgages, Tight On First Time Buyers
As banks are scaling back on making FHA and other types of first time buyer loans, they're issuing a record number of million dollar plus loans. “These high-net-worth borrowers do act differently than first-time buyers, who borrow because they have to,” says Erin Gorman, managing director at Bank ... » Learn More about Banks Dish Out Million Dollar Mortgages, Tight On First Time Buyers
California Housing Market at a Glance – Prices Dropped!
After several years of appreciating values, California's median home prices dropped slightly month over month. As I've been conveying for the past year, the market has been changing from a sellers market to one of neutrality. Existing Home Sales are up a slight 1.5% month over month, but down ... » Learn More about California Housing Market at a Glance – Prices Dropped!
Chase Pulling Back From Making FHA Loans Because of Regulatory Risk and Costs
Chase is scaling back on making FHA, Freddie and Fannie loans because the regulatory costs, conflicts between regulating agencies, and the cost to foreclose makes it economically unrealistic to deal with them, and will be concentrating on only super prime loans. They may be the first major bank to ... » Learn More about Chase Pulling Back From Making FHA Loans Because of Regulatory Risk and Costs
San Fernando Valley Housing Inventory Up, Sales Down
San Fernando Valley active inventory is higher than at any point in the past two years, and the sales volume is below the last two years. Even though property values are still appreciating, it is at a much lower level than we've seen over the past 3 years. The supply and demand ratio conveys that ... » Learn More about San Fernando Valley Housing Inventory Up, Sales Down