CFBP Expands Foreclosure Protections

Earlier this month, the Consumer Financial Protection Bureau (CFPB) finalized measures that should help struggling borrowers. The new rule, most of which takes effect 12 months from publication (some parts in 18 months), provides certain borrowers with foreclosure...

CAR Market Matters

Talking Points Total mortgage applications, including for refinancings and home purchases, dropped 2.1 percent on a seasonally adjusted basis last week as rates rose slightly, the Mortgage Bankers Association reported this week. Nevertheless, mortgage application...

A Message from CAR President, Ziggy Zicarelli

Dear CAR Member, California has experienced a series of devastating wildfires across the state this summer, and as I write this, there is a fire burning out of control in San Bernardino County. In the wake of disastrous wildfires in 2003, C.A.R. established the C.A.R...

CAR Market Matters

Talking Points Lower interest rates failed to offset strong seasonal price increases, making it harder for Californians to purchase a home in the second quarter of 2016, the CALIFORNIA ASSOCIATION OF REALTORS® reported. The percentage of home buyers who could afford...