[Name], home listings, escrow disputes and forbearance.  

Your first tuesday real estate news
Week of May 11, 2020

The Fed’s purchase of mortgage-backed securities has a big downside for lenders
Margin calls and rising forbearance rates have put the mortgage industry in a dangerous position.

Form of the week: Conflict of Interest Disclosure and Affiliated Business Arrangement
Disclosing a professional or personal bias that may jeopardize an agent or broker's fiduciary duty.

Legislative Gossip Update, May 2020
Mobilehome rent control and COVID-19 relief for some homeowners.

California home sales volume lays low
The number of homes sold in California was 2% lower than a year earlier.

Using the yield spread to forecast recessions and recoveries
In April 2020, the yield spread was back in positive territory, averaging +0.51.

Current market rates
The average 30-year fixed rate mortgage remained roughly level in the week ending May 8, 2020, now at 3.26%.

Form udpates  form updates this month
 

Coming soon! A new series of Tenant Protection Act (TPA) forms will be published on the RPI Forms Download page in the coming weeks. The new forms are used by landlords of properties subject to AB 1482 which limits annual rent increases to 5% plus the rate of inflation, and requires “just cause” to evict tenants who have occupied a unit for 12 months or more. An exhaustive article will be published in conjunction with the release of the new forms.

 

To access all updated forms, view our RPI Forms library here.
Click on Download the Full Forms Library to download our entire catalog.

 

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