June 15: REALTORS® Under COVID Updates & Guidelines CVAR under COVID-19 C.A.R. COVID-19 Updates ________ CVAR Online Now through June 16 | Vote in CVAR Election June 14 | CRMLS Training – List for Success June 15-Sept. 21 | Contract College Begins: 14-Week Course (Tuesdays; $35 for series) June 16 | License Renewal – Crash Course for […]
FHFA’s Refi Option for Low-Income Borrowers Begins June 5
Following an incredible year for refinances that mostly benefited wealthier borrowers, the Federal House Finance Agency (FHFA) announced it is implementing a new refi product that targets low-income borrowers with single-family mortgages backed by Fannie Mae and Freddie Mac. According to the regulatory agency, this new product, available to qualifying homeowners with a Fannie Mae-owned mortgage beginning June 5, 2021, […]
Historic Low: Consumer Homebuying Sentiment
Consumer sentiment toward buying homes reached the lowest level in the history of the Fannie Mae Home Purchase Sentiment Index® (HPSI) it was reported Friday. Few should be surprised that the lack of supply and high home prices are driving this pessimism. “The decrease in homebuying sentiment likely indicates that some consumers, potentially flush with savings […]
Fannie, Freddie 1st Quarter
Fannie Mae earned $5 billion of net income in the first quarter and provided $422 billion for mortgages, enabling people across America to refinance a home, purchase a home, or finance rental property. “This last quarter was the second biggest nominal volume quarter in our history,” said Fannie Mae CEO Hugh R. Frater. The one caveat, […]
March 15 CVAR Connect
CVAR’s COVID-19 Resources REALTORS®: Updates & Guidelines What’s Happening at CVAR under COVID-19 restrictions Latest COVID-19 Updates from C.A.R. Citrus Valley Association of REALTORS® is conducting all business remotely. Meetings and classes presented by CVAR will be online and free of charge (see classes below). ____________ Home Office Tax Tip Why do some remote workers raise red flags with […]
Jan. 11 – CVAR Connect
CVAR’s COVID-19 Resources REALTORS®: Updates & Guidelines What’s Happening at CVAR under COVID-19 restrictions Latest COVID-19 Updates from C.A.R. Citrus Valley Association of REALTORS® is conducting all business remotely. Meetings and classes presented by CVAR will be online and free of charge (see classes below). ____________ Online Classes Jan. 11 | CRMLS Training – Agent Essentials Jan. […]
FHFA Loan Limit Increase
The Federal Housing Finance Agency (FHFA) announced it will increase the 2021 conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac to $548,250 on one-unit properties and a cap of $822,375 in high-cost areas, such as California. The previous loan limits were $510,400 and $765,600, respectively. Baseline limit The Housing and Economic […]
Confidence Down? Consumer Searches for These Topics Surge
As we reported in CVAR Connect a couple weeks ago, Fannie Mae’s monthly Home Purchase Sentiment Index showed that respondents who thought it was a good time to buy a home decreased from 61% to 53%. Despite that decline in confidence, the pandemic has both increased and altered demand for housing, and it has also […]
July 13 – CVAR Connect
CVAR’s COVID-19 Resources REALTORS®: Updates & Guidelines What’s Happening at CVAR under COVID-19 restrictions Citrus Valley Association of REALTORS® is conducting all business remotely. Meetings and classes presented by CVAR will be online and free of charge (see available classes below). IRS: July 15 Deadlines! Latest COVID-19 Updates from C.A.R. ____________ 2-Minute Tip: Showings During COVID _____________ Free Online […]
Fannie, Freddie Announce Mortgage Deferral
Fannie Mae and Freddie Mac have announced additional relief options for homeowners struggling due to the COVID-19 pandemic. According to announcements from the two companies last week (May 13), homeowners in forbearance can now request payment deferrals as early as July 1. This allows any missed payments to be made up at the end of […]