OCAR Blog

News and Information to Keep You a Step Ahead!

Enjoy a fun-filled day of golf at Oak Creek Golf Club in Irvine on May 16, 2016, with proceeds benefitting the OCAR Cares Foundation.

  • Registration: 10 A.M.
  • Shotgun Start: 12 P.M. (scramble format)
  • Helicopter Ball Drop: 6 P.M.

Golfers Sign Up by April 22

Download the Golfer Registration Form.
$160 entry fee includes green fee, cart, lunch, dinner, and driving range.

Thank you to our sponsors:

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OCAR Cares is a fiscally sponsored project of OneOC. Tax ID 95-2021700.

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Orange County’s future prosperity hinges on the region’s ability to create a healthy, prosperous economy that promotes both jobs and housing, not one at the expense of the other. This video discusses the issue using data from the Orange County Business Council's 2015 Orange County Workforce Housing Scorecard.

The Scorecard examines and analyzes the current and projected housing trends and provides a preview of where Orange County is headed in terms of workforce housing, and how it will impact demographic, economic, and business competitiveness factors.

Created in partnership with Orange County Business Council.

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The Federal Housing Administration today released its 2015 Actuarial Review, a financial assessment of the Mutual Mortgage Insurance Fund, and the review shows that the fund has strongly rebounded, achieved greater overall health, and seen increased access to safe mortgage financing as cuts to FHA's annual mortgage insurance premium have taken hold.

The fund report found that since 2012, delinquency rates fell 40 percent, there was a 28 percent improvement in recovery rates, and there was a $40 billion increase in the value of the fund.

FHA undertook a series of administrative measures over the past few years to mitigate credit risk, including raising premiums. However, according to NAR estimates, nearly 250,000 creditworthy borrowers were priced out of the housing market in 2013 alone because of these increases. This represents another hurdle for borrowers, including first-time buyers. Earlier this month, NAR released its annual Profile of Home Buyers and Sellers showing that the share of first–time buyers declined for the third consecutive year, remaining at its lowest point in nearly three decades.

In addition, FHA's 2014 actuarial assessment showed dramatic improvement through falling delinquency rates and improved recoveries on dispositions.

Recognizing the challenge that increasing mortgage insurance premiums posed to potential homeowners, FHA announced a 50 basis point cut to the premiums in January 2015. At the time, FHA estimated this would result in an average annual savings of $900 for nearly 2 million FHA homeowners. FHA also estimated that an additional 250,000 homebuyers would be spurred to purchase their first home within three years as a result of the cuts.

 

Source: National Association of REALTORS®

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C.A.R. members now can access the Legal information using a new smartphone app. Through the free app, C.A.R. members can access the following:

  • Recent laws 
  • Legal Q&As – sorted alphabetically or by category
  • The standard forms area of car.org
  • Custom mobile video player featuring the latest Legal Live and Everyday Ethics webinars
  • Access to zipForm® Mobile 
  • Detailed click-to-call contact us list featuring essential C.A.R. phone numbers and contact information
  • Push notification area

The push notifications will be used to alert members to Calls-to-Action, Red Alerts, and other critical legal issues. Future enhancements will include predicted wait times for the C.A.R. Legal hotline to help members gauge when the best time is to call.

Get more information and download the app

 

Source: California Association of REALTORS® 

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The RPA is the cornerstone of every successful real estate transaction. REALTORS® should be extremely well-versed with the principles and applications of this form. Receive step-by-step instruction from the expert! California Association of REALTORS® (C.A.R.) Assistant General Counsel Gov Hutchinson will show you how to properly complete the RPA.

Even if you’ve previously taken an RPA course, you will benefit from this training:

  • Get familiar with the numerous changes made to the contract in 2014
  • Receive instruction on forms related to the RPA such as the Residential Listing Agreement (RLA), Requests for Repairs (RR), and more
  • Understand all mandatory and recommended disclosures Learn how to create, modify, cancel, or close a transaction
  • Ensure all commissions are paid-in-full and on-time
  • Better serve and protect your clients 

Cost:

$55 for OCAR REALTORS®
$80 for Non-Members

Registration:

Members, register via My Account

Non-Members, please send us your information here (we'll contact you to complete registration).

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