One-Two Punch for Homeowners
Hmmm – given the recent history I’m not sure I’d have picked the ‘One-Two Punch’ headline but maybe this will turn out better than the last go-around. One-Two Punch for Homeowners, Posted By Dick...
View ArticleEx-Prez Wunderlich Talks About the Same Program
Let me begin by saying I like our NAR President Charles McMillan. I think he’s a good guy, he works hard for us and he truly believes in the Realtor Party. Having said that I must beg to differ with...
View ArticleCAR Releases Mortgage Mod info
Mortgage modification information now available C.A.R. has created consumer information sheets detailing the various mortgage modification programs available through the larger lenders and government...
View ArticleA Successful Loan Modification thru Making Home Affordable.
Tuesday after speaking to the City Council about our housing market, several people chased me out as I left the chambers. No, not for the usual reasons, but to share stories and ask about getting help...
View ArticleFannie Mae Issues New Short-Sale Fraud Guidlines
A number of you have reported being approached by investors to perform some level of service in conjunction with this type of transaction. If you are going to try it, make sure you follow the...
View ArticleFHA 90 Day Anti-Flipping Rule Under Attack
In addition to the Action Items summarized in the previous article, CAR Legislative Agenda Shapes Up, there was another Action Item that came before the 526th Board of Directors session on October 10,...
View ArticleNew Fannie Mae Deeds-for-Lease Program
On November 5, 2009, Fannie Mae announced its new Deed-for-Lease Program (D4L) that allows eligible borrowers facing foreclosure (or their tenants) to stay in their primary residences. Under D4L, the...
View ArticleFannie Mae Announces Electronic Appraisal Submission Update
In Announcement 09-14: Electronic Appraisal Reports, Enhancements to the Loan Delivery File Format, and Mortgage Fraud Reporting; Fannie Mae stated it will require the submission of electronic...
View ArticleAt the NAR. HVCC Problems? Not according to the Government.
One of the seminars I attended today at NAR was entitled ‘Managing the Risks and Opportunities of the New Home Valuation Code of Conduct (HVCC).” Let me say at the outset, I sat through the whole...
View ArticleFannie Mae Reports ‘Recession Over’.
Fannie Mae economists report that the recession appears to be over – according to this latest release from Inman News. The deepest and longest recession since the Great Depression appears to be over,...
View ArticleFannie Mae Announces’First Look’ Program – May help buyers.
On November 24 Fannie Mae launched their ‘First Look’ program which, if applied as intended, could prove to be a real value to frustrated homebuyers in many areas. Prospective homebuyers in our area...
View ArticleSocial Control of the Housing Crisis vs. Strategic Default
Brent T. White, an Associate Law Professor at the University of Arizona, has published a 50+ page paper on why he believes homeowners who are upside down in their mortgages should just walk away. It’s...
View ArticleShort sale & Deed-in-Lieu Incentives & Guidelines
On November 30, The U.S. Treasury Department released guidelines and forms for its new Home Affordable Foreclosure Alternatives Program (HAFA), which is part of the Home Affordable Modification Program...
View ArticleFHA Commissioner Dave Stevens Speaks. WE made the mess. THEY’ll clean it up....
This morning we were treated to an hour long conference call with FHA Commissioner Dave Stevens, courtesy of NAR. Long-time readers know I’m a fan of Stevens, even got a nice comment from him on a blog...
View ArticleFannie Putting Some Teeth to Strategic Defaults. Anybody Scared?
Up until now about the only thing preventing millions of homeowners from strategically defaulting on their home was the moral dilemma many of them faced. With as many as 1/3 of the nations 45 million...
View ArticleMeet the new HVCC, same as the old HVCC
Fannie Mae and Freddie Mac Unveil New Appraisal Independence Standards On October 15, 2010, the government sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, announced appraisal independence...
View Article2010 NAR Public Policy Accomplishments
Throughout 2010, NAR made significant progress educating Congress and the Obama Administration that a stable and sustainable housing market is the primary building block for any economic recovery. NAR...
View ArticleNAR Pres. Elect Moe Veissi Talks Turkey at CAR Mid-Winter
Take-aways from our recent California Association of Realtors Mid-winter meetings. From NAR President-elect Moe Veissi – Six of the past eight recessions have ended due to increasing strength in the...
View ArticleYour February Housing Report
Housing stats for Southwest California for January 2011. Sales volume, median price, foreclosures, trends & commentary. 2 realtor report View more documents from Southwest Riverside County...
View ArticleFannie & Freddie incentives for buyers & agents.
Fannie Offers Incentives for HomePath Properties On April 11, 2011, Fannie Mae announced new buyer and selling agent incentives in connection with the sale of Fannie Mae-owned properties (HomePath...
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