LHFS

July Home sales increased to their highest annual pace of the year! Read more at: http://bit.ly/1p9Yt9j

Land Home continues to grow and is pleased to announce the opening of it's newest branch in Las Vegas, NV. Congratulations to the Las Vegas team, we know they will be a huge success!

The Southland median home sales has risen on a year-over-year basis for 28 straight months. Read about this at http://bit.ly/1qqUYql

30-year fixed-rate at a 2014 low and builder confidence is up two points. Read more at: http://bit.ly/YqphXy

Did you know today is National Relaxation Day? We hope you take a minute to relax.

Question: Can a real estate agent give their commission to the buyer for a down payment? Answer: No: Fannie does not permit interested party contributions (IPCs...) to be used to: 1. make the borrower's down payment, 2. meet financial reserve requirements, or 3. meet minimum borrower contribution requirements. See more

55+ Housing Market Improves; driven by those right sizing their current living situations. Read more about this NICHE: http://bit.ly/1mDGuSH

Question on Turning Primary Home Into Rental Property: A client is purchasing a new home to be used as a primary residence, but they are keeping their current h...ome and will be renting it out. Does Freddie Mac require the departing residence to have 30% equity? Answer: Yes, but only if you are attempting to offset the payment on the departing residence property with rental income. Remember also that if you have the equity position, you only have to document two months of PITI in reserves for the exit property and the new subject property, otherwise you are required to have six months PITI in reserves for both the exit property and the new subject property.

U.S. median home values are expected end 2014 up 4.6%! Share news: http://bit.ly/1APxbZD

Great news, foreclosures continue to decrease year over year. Read and share: http://bit.ly/1qAg3zP

Home sales and inventory of existing homes for sale are up! Read more at: http://bit.ly/UH3rg9

Where are all the eligible HARP loans? Use this map to locate the hot spots.

Question: What is the FICO 8 Score? Answer: The FICO 8 credit score is the newest formula for calculating consumer credit risk. It was created in 2009 to keep ...up with changing consumer credit behaviors. The requirements for managing your FICO 8 score remains the same: - Consistently pay your bills on time. - Maintain low credit card balances. - Only open a new credit account when you need it. The main differences in the new formula are: - High credit card balances will cost you more points. - Isolated late payments will not affect your score as much as it used to, while numerous late payments will have a greater effect. - Collection accounts under $100 are ignored.