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
San Fernando Valley Real Estate Market
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
Case-Shiller Shows Los Angeles Real Estate Appreciating
The Case-Shiller Home Price Indices were released today. Even though it's a lagging index (by two months), it's one of the more accurate gauges of the health of the housing market. Los Angeles reflects at .5% increase from August to September, and year over year 1.7% increase. Properties are ... » Learn More about Case-Shiller Shows Los Angeles Real Estate Appreciating