[Name], homeowner turnover, minority mortgage applicants and fee triggers in listing agreements.  

Your firsttuesday real estate news
Week of February 14, 2022

FHA increases mortgage limits — a lot
The Federal Housing Administration's loan limits have jumped in 2022 — click to learn how high in your service area.

New California law incentivizes mid-tier housing creation
Assembly Bill 787 hopes to fill the Missing Middle, but will it be successful in the long run?

MLO Mentor: The Equal Credit Opportunity Act
Brush up with our in-depth guide on the history, goals and rules of the Equal Credit Opportunity Act.

Recent Case Decision: Billesbach v. Specialized Loan Servicing LLC
Did a mortgage holder violate the Homeowner Bill of Rights by foreclosing when the owner rejected a trial loan modification?

San Francisco housing indicators
As of November 2021, year-to-date home sales volume was a volatile 45% above a year earlier.

Sacramento County housing indicators
As of November 2021, home sales volume was on track to end the year roughly 17% higher than a year earlier.

San Diego housing indicators
San Diego County's homeownership rate is comparable to California's, at 55.0% in Q3 2021.

Santa Clara housing indicators
As of November 2021, home sales volume year-to-date is a whopping 43% above a year earlier.

Current market rates
The average 30-year fixed rate mortgage increased to 3.69% in the week ending February 11, 2022.

Form udpates  RPI Form Updates
 

Form 306: Property Expense Profile

Form 550: Residential Lease Agreement

Form 551: Residential Rental Agreement (Month-to-Month)

NEW Form 564-1: Information on Dampness and Mold for Renters in California

NEW Form 564-2: Información Sobre la Humedad y el Moho para Inquilinos en California

 

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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