Posts from May 22nd, 2024
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22
CALIFORNIA AVOCADO SUSTAINABILITY
THE BEST AVOCADOS HAVE CALIFORNIA IN THEM. LITERALLY.
These Golden State avocados are grown in the rich soil of California, warmed by its sunshine and cooled by gentle coastal breezes. California Avocados are locally and responsibly grown by California farmers who nurture the avocados and the land every step of the way to ensure that you can buy high quality avocados during the California Avocado season. They are committed to building and maintaining a sustainable California Avocado industry by using environmentally friendly farming practices, ensuring worker well-being, contributing to healthy communities and maintaining economic viability.
22
FHA doubles fees for loan assumptions
The Federal Housing Administration (FHA) has increased the maximum fee lenders can charge for processing loan assumptions from $900 to $1,800. This adjustment addresses the costs associated with these transactions, which involve transferring a seller's mortgage to a buyer.
The previous fee limit had been a challenge for mortgage companies. This is the first update to the fee limit since 2016. Loan assumptions have become a valuable tool for affordability in the current market, as they allow buyers to benefit from older, lower interest rates.
The Federal Housing Administration also instituted a new language preference requirement that servicers must observe in transfers.
May 21, 2024
Article belongs to CAR.org