NAR Submits Statement on Housing Finance Reform

Published Friday, June 30, 2017
On June 29, 2017, the U.S. Senate Committee on Banking, Housing & Urban Affairs held its first or several hearings of the year on housing finance reform. The hearing, entitled “Principles of Housing Finance Reform” consisted of three witness panelists from the Mortgage Bankers Association, Housing Policy Counsel of the Financial Services more»

NAR Comments on GSE Capital Reserves

Published Friday, June 30, 2017
On June 27, 2017, NAR submitted letters to the U.S. Federal Housing Finance Agency (FHFA) Director, U.S. Treasury Secretary, members of the U.S. Senate Committee on Banking, Housing & Urban Affairs and U.S. House Committee on Financial Services, expressing concern related to the scheduled elimination of capital reserves held by Fannie Mae and Freddie more»

House Begins Flood Insurance Markup

Published Saturday, June 17, 2017
On June 15, 2017, the House Financial Services Committee began consideration of a series of bills to reform and reauthorize the National Flood Insurance Program (NFIP). The Committee is expected to vote on these bills and then combine them into one package for consideration by the full House. On the first day of the mark up, the Committee approved two of more»

NAR Weighs-In on NFIP Bills

Published Saturday, June 17, 2017
On Thursday, June 15, the House Financial Services Committee began marking up seven bills reauthorizing the National Flood Insurance Program (NFIP). These bills would reauthorize the NFIP for five years, as well as make changes to the program and how it's administered, some which will affect the way that commercial properties purchase and utilize the more»

California home sales and prices start year lower, C.A.R. reports

Published Wednesday, February 18, 2015
LOS ANGELES (Feb. 18) – California’s housing market started the new year still bearing the scars of 2014’s tight housing inventory and low housing affordability as statewide home sales fell from the previous month and year, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. Closed escrow sales of existing, single-family more»

California housing affordability inches up from third quarter, slips from year ago, C.A.R. reports

Published Thursday, February 12, 2015
LOS ANGELES (Feb. 12) – California housing affordability improved from third-quarter 2014 but dipped when compared to a year ago, as lower interest rates failed to offset higher home prices, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. The percentage of home buyers who could afford to purchase a median-priced, existing more»

Fannie Mae, Freddie Mac Regulator Defends 3% Down Payment Mortgages

Published Tuesday, January 27, 2015
Melvin L. Watt, director of the Federal Housing Finance Agency, told lawmakers this week that new programs to back mortgages with down payments as low as three percent had enough safeguards to make them as safe as loans with higher down payments. Watt faced criticism at a Congressional hearing that he was risking the loss of taxpayer money by returning to more»

The skinny on Marin prices

Published Monday, January 26, 2015
MAR President Matt Hughes talked recently with CBS San Francisco about median sales prices in Marin and the competition buyers face in this market. Click on the link below to watch Matt's interview and read the full article.…/marin-county-median-hom…

Community News

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Sterling Bank & Trust
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