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C.A.R. Monthly Message from President LeFrancis Arnold

LeFrancis Arnold

Dear Member,

As you know, C.A.R.’s Leadership Team met last month with members of California’s congressional delegation and federal housing regulators to express our concern with the implementation of the Federal Housing Finance Agency’s (FHFA) REO bulk sale pilot program, which calls for more than 600 Fannie Mae-owned foreclosed homes in Los Angeles and Riverside [...]

An Important Message from LeFrancis Arnold

LeFrancis Arnold

Dear Member,

As you know, C.A.R. has been working on numerous fronts to address your concerns related to short sale transactions. Over the past year, we have made significant improvements through discussions with legislators, housing regulators, and lenders.

I’m happy to inform you of the most recent improvements, which resulted from our recommendations to Bank [...]