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

LeFrancis Arnold

Dear Daniel,

It’s been a busy month on the real estate front, with numerous bills being introduced or passed into law.

In early July, President Obama signed into law The Biggert-Waters Flood Insurance Reform Act of 2012 as part of a transportation funding bill. The legislation extends the National Flood Insurance [...]

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 [...]