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Housing Affordability Update:

Attendees numbered near 100 for the Fall Housing Affordability Update, gathering the latest information on available products/financing from local organizations. Kevin Nunn, Vice Chair of the Housing Opportunity Committee, explained the ins and outs of such programs as FHA, CalHFA, CalVet, NeighborWorks, the MCC and others. Kevin received help with certain topics, calling on Bobbi Glassell for information on the Energy Efficient Mortgage (EEM) and Scott Short to provided insight on CalPERS. Members of the audience were given a chance to have their questions answered by the speakers. Local organizations including Golden1, NeighborWorks, CalVet, Wells Fargo, EEM, the Sacramento Home Loan Counseling Center and others were on site to continue answering questions of the audience. If you were unable to attend this event and would like information on what was discussed, please contact Tony @ 916-437-1205.  

Continue reading: Housing Affordability Update: “Show Me The Money” a success!

Fannie Mae makes an appearance at the Real Estate Finance Forum

It has been nearly four years since a representative from Fannie Mae has visited SAR’s Real Estate Finance Forum. Collette Porter a Senior Account Manager for the Northern California region visited from Pasadena to highlight some of the ways Fannie Mae is supporting the current market. Responding to the level of REO properties on the market, Fannie Mae has launched the website www.HomePath.com as a search portal for REO properties. And in response to the recent federal Making Home Affordable Program, Fannie Mae has the website www.fanniemae.com/loanlookup so that individual property owners can determine if Fannie Mae owns the loan for a particular address.

Continue reading: Fannie Mae makes an appearance at the Real Estate Finance Forum