Dear Friends, Over the past year I have had the privilege of helping you with one of the most important purchases you’ll ever make…your home. As a realtor at Coldwell Banker in Montecito I have been able to oversee my clients in the buying and selling of property in Santa Barbara, Hope Ranch, Goleta, Montecito, Summerland...
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A sign advertising an open house. The tables have turned in the real estate industry as luxury listing prices fell for the first time since 2012, according to a Redfin report. The brokerage firm suggests that the drop in prices stems from wealthy buyers and foreign investors refusing to buy at the top of the market. Prices...
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Answers questions on cure provisions for violations of the rule After a recent letter to the Consumer Financial Protection Bureau, the Mortgage Bankers Association released a response from CFPB Director Richard Cordray that should bring some much-needed clarity to the industry on the current expectations for lenders in implementing the new TILA-RESPA Integrated Disclosure rule —...
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For commercial real estate investors, the good times may be over. The Federal Reserve’s first interest-rate increase in nine years has removed a crutch that’s helped sustain 33 consecutive months of price growth of at least 10 percent and padded returns for buildings from office towers to luxury hotels. While values won’t necessarily fall, they aren’t likely...
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