During the traditionally "hot" real estate season, pending sales are "cold". Latest Update on COVID-19 Affect on Real Estate Sales and Mortgages 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, ... » Learn More about Southern California Pending Real Estate on a Decline Due to COVID-19
San Fernando Valley Real Estate Market
Latest Update on COVID-19 Affect on Real Estate Sales and Mortgages
Real estate transactions, mortgage underwriting and loan program availability has been affected substantially by a combination of the local health orders attempting to fight the populations exposure to COVID-19, and the economic fallout caused by the “Stay in Place” lockdown. This a moving target, ... » Learn More about Latest Update on COVID-19 Affect on Real Estate Sales and Mortgages
Mortgage System Issues Created by the COVID-19 Crisis and the Fed Response
The gov’t actions to force interest rates down to help the consumer, are having major unintended consequences in the mortgage origination and servicing systems. I’m attaching below an article from MBS Highway on how the mortgage system works (that 99% of the real estate professionals and ... » Learn More about Mortgage System Issues Created by the COVID-19 Crisis and the Fed Response
Potential Issues Funding Home Purchase and Refinance Loans Due to COVID-19 & the Stay at Home Order
I’ve heard “I didn’t think of that” from several real estate professionals lately. Time to wake up. The COVID-19 virus scenario is going to put purchase loans and refinances at risk in several ways. The Ability to Repay Act portion of the Dodd Frank Regulations requires that the lender of a ... » Learn More about Potential Issues Funding Home Purchase and Refinance Loans Due to COVID-19 & the Stay at Home Order
Meeting with Congressman Cardenas Recap
The other day I had an in-district meeting with San Fernando Valley Congressman Tony Cardenas (D-CA 29th District) with some of my associates from the Southland Regional Association of Realtors Government Affairs Committee. Even though the congressman works on the federal elements of the ... » Learn More about Meeting with Congressman Cardenas Recap