Keep up with state and federal regulators and their actions effecting you, your clients, and the real estate business
It has been a year since WeMAR received a copy form Sun City West Recreation Centers of the amended policy, Fi17. Sun City West Recreation Centers amended its policy to comply with FHA guidelines regarding […]
$200 trillion is the estimated worth of existing financial contracts referencing the LIBOR as the rate in calculations. But the LIBOR is going away at the end of 2021. What about new financial contracts? LIBOR […]
The CFPB has been busy the past several months and the Winter Report 2019 highlights issues addressed and actions taken. Below are some that stood out for our industry: Deceptive bill pay information: The CFPB […]
In an ongoing effort to streamline the loan process and reduce unnecessary costs to borrowers, HUD announced a couple of changes. HUD eliminates the FHA Inspector Roster: Originally created in order to assure FHA inspections […]
June 2018 Opportunity Zones were finally identified. WeMAR GAD posted a piece with links to information, census tracks and the map. Now Treasury has issued guidance so investment can begin. It is estimated that $8 […]
Now that FHA loan denials have lessened, perhaps it is time to take a serious look at community CC&Rs. Buyers, sellers and property owners should look for, and know, the community provision that allows or […]
It’s January and if you are in business for yourself, which most WeMAR members are, it’s time to put together receipts and expenses along with income statements so your CPA can start putting together your […]
In October, HUD approved the Sun City Recreation Center fee at transfer of title ($3,500) as an acceptable transfer fee in that the funds go to the benefit of the property owner. While this was […]
By now it has become almost routine, every 6 months we hold our breath waiting for Congress to renew Flood Insurance. We are currently waiting for November 30th. Personally, I wish we could get a […]
Since mid-October 2018, there is and has been, a bit of confusion regarding Sun City, FHA loan products, PIF (Preservation and Improvement Fee) and Free Assumability. There were two issues preventing FHA loan product in […]
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