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Your May Message from C.A.R. President Steve Goddard

Steve Goddard – 2010 C.A.R. President

Dear C.A.R. Member,

Greetings from Washington, D.C.! This week, your Leadership Team and I are in our nation’s capital, meeting with California’s congressional delegates and representatives from leading housing industry groups, including Fannie Mae and Freddie Mac, HUD, the Mortgage Bankers Association, and others. Tomorrow, we’re meeting with Senator [...]

FHA 90 Day Anti-Flipping Rule Waived

FHA 90-day anti-flipping rule waived
The Dept. of Housing and Urban Development (HUD) announced Friday it will eliminate for one year the Federal Housing Administration (FHA) 90-day anti-flipping rule.

FHA’s anti-flipping rule generally prohibits insuring a mortgage on a home owned by the seller for less than 90 days. That rule already has been [...]

10 to Watch in 2010

Will 2010 be a year of recovery or double-dip recession? What’s on the horizon that may change the way you do business next year? Here are the developments and personalities we’ll be watching.

1. FHA Under New Command
When the FHA announced in late September that it was hiring a chief risk officer—for the [...]