San Diego Home Prices: Not A Housing Bubble

There have been lots of discussions about the state of the housing market especially for us here in San Diego who have seen home prices rise over 20% from a year ago. In fact, much of the discussion leans towards calling this increase in home values a 2013 Housing Bubble with an economist on our […]

Fed Regulators to Mortgage Lenders: No-Doc, No-Loan

As if common sense wasn’t needed in the mortgage industry, new federal regulations require mortgage lenders to verify that prospective borrowers can meet the repayment terms of their mortgage loans. Under the Dodd-Frank Act, the rules prohibit the “no-doc” loans common during the housing bubble. Before making a loan, lenders must document the borrower’s job […]