David Stevens, president and CEO of the Mortgage Bankers Association, is bullish on homeownership.
Stevens — a former Long & Foster Cos. executive who stepped down as head the Federal Housing Administration (FHA) in March — thinks there’s sunshine on the horizon and it may be here sooner than anyone realizes.
A few days ago I had a chance to interview Stevens about his take on where we are in terms of a real estate recovery. I also asked if he had any good news he could share in light of the constant onslaught of bad economic news. Here’s what he had to say. (more…)
Home prices in Los Angeles and Orange counties rose for the fourth consecutive month in July, as measured by the widely watched S&P/Case-Shiller indexes. (more…)