Instead of the government taking a scalpel to the problems that created the economic meltdown and mortgage backed security issues in 2007, they did a shotgun blast, and missed the target. Yes, there was plenty of blame to go around that created the Great Recession. Banks underwriting not doing ... » Learn More about The Government Regulations & Dodd Frank Miss the Real Target on Avoiding Another Mortgage Meltdown
Mortgage Regulations
Lender Fair -California Association of Mortgage Professionals Greater Ventura Chapter May 18
Thursday May 18th there will be a Lender Fair, specifically for loan processionals. I'll be moderating a couple wholesale lender panels applicable to non-Qualified Mortgage loan programs. I'll also be giving an overview of the recent Washington DC & Sacramento Legislation Conferences, and what's ... » Learn More about Lender Fair -California Association of Mortgage Professionals Greater Ventura Chapter May 18
Fed Will Move Rate Higher Sooner, Rather Than Later
Federal Reserve Chair Janet Yellen capped a week of rising expectations about an imminent interest rate increase by explicitly supporting a hike in mid-March if U.S. economic progress persists. There would have to be a major disruption with an economic report, or politically, over the next week, for ... » Learn More about Fed Will Move Rate Higher Sooner, Rather Than Later
HERO and PACE Loans Get a New Disclosure Jan 1 – For Good Reasons
As I blogged and gave presentations on over a year ago (Think Twice About Using a HERO Energy – Water Conservation Financing Program), the PACE (Property Assessed Clean Energy) and HERO (Home Energy Renovation Opportunity) loans pitched by the government and sold by contractors to make energy and ... » Learn More about HERO and PACE Loans Get a New Disclosure Jan 1 – For Good Reasons
Conforming Loan Limit Increased the First Time in 10 Years
The Federal Housing Finance Agency (FHFA) today increased the conforming loan limits for Freddie Mac and Fannie Mae from $417,000 to $424,100. This is the first time the loan limit climbed above $417,000 in 10 years. The baseline loan limit was established by the Housing and Economic Recovery ... » Learn More about Conforming Loan Limit Increased the First Time in 10 Years