California’s population is shortchanged on financial literacy
What buyers don’t know when boom times become recessions can’t hurt them, right? Wrong!
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Tag: financial literacy
Refinancing inequality during the COVID-19 pandemic
Refinancing activity increased significantly for high-income refinancers in 2020 and 2021, but not for low-income refinancers.
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7 steps to close the Black-White homeownership gap
The divide between White and Black homeownership rates is higher today than it was before the 1968 Fair Housing Act. Here’s what’s being done about it.
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Change the law: Require financial literacy for high schoolers
We propose to require mandatory financial literacy education for California high schoolers to create a safer housing market.
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FARM: All about free annual credit reports
Use this first tuesday FARM Letter in your marketing. To request a FARM letter topic, or to see a...
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FARM: Get a better deal with — financial literacy!
Use this first tuesday FARM Letter in your marketing. To request a FARM letter topic, or to see a...
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Financial education: crucial at all ages
California is one of just six states with no financial education requirement for their public K-12 schools.
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Quiz: How financially literate are you?
Take this quiz to find out how much financial prowess you have. Share with your colleagues to see who gets the ultimate bragging rights.
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Financial illiteracy harms future homebuyer prospects
Financial literacy month has come and gone, and now we pause to reflect on how our generally dismal financial knowledge affects the housing market.
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FHA’s new program to save homebuyers money, decrease defaults
Is housing counseling the solution for delinquencies? The FHA thinks so.
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Is California real estate in decline?
L.A.’s real estate market seems to be booming, yet experts say the city is in decline.
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Financial literacy counts
Will widespread ignorance of personal finance mean the end of our real estate markets as we know them?
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The uneven recovery
During the Millennium Boom, lender discrimination took the form of subprime lending, now it appears as a total denial of credit to minority and low-income borrowers.
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Turn renters into owners by demonstrating homeownership’s savings
Use an ownership expenditure analysis to show prospective homebuyers how ownership will create savings over renting, and create more deals.
Read MoreFair lending now
Is lender discrimination still present in today’s real estate market? Tell us your story in the comments section below. Yes (83%, 15 Votes) No (17%, 3 Votes) Total Voters: 18 Bank of America (BofA) has reached a $335 million...
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The FICO farce
The underlying cause of stunted home sales volume and sticky pricing may be the epidemic of...
Read MoreFinancially illiterate homebuyers in distress – agents to the rescue!
For many prospective homebuyers, the details of mortgage financing are just about as foreign and obscure as quantum physics. According to a recent survey by Zillow Mortgage Marketplace, prospective homebuyers answered basic...
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The era of the financially illiterate homebuyer
This article examines how a homebuyer’s financial illiteracy affects his chances of losing his home by foreclosure, and the need for selling agents to educate their buyers about the mortgage decisions they make.
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