Today’s News Synopsis:
Big win for veterans: The VA Home Loan Program Reform Act (H.R. 1815) will allow struggling vets to access federal mortgage assistance similar to FHA borrowers.
In The News:
MortgagePoint – “Senate Passes Bill to Assist Distressed Veteran Homeowners“ (07-16-25)
“The U.S. Senate has announced the passage of H.R. 1815, the VA Home Loan Program Reform Act, a bill that establishes a permanent partial claims program within the VA Home Loan Program. “
Yahoo Finance – “June inflation data reaffirms Fed pause as tariff uncertainty grows” (07-16-2025)
“June’s Consumer Price Index (CPI) report likely gives the Federal Reserve room to continue its wait-and-see approach to cutting rates amid uncertainty over how President Trump’s tariffs will impact inflation.”
MPA Mag – “Foreclosure red flags: Legal inquiries hit highest level since 2020“ (07-15-25)
“Foreclosure-related legal inquiries surged nearly 30% year over year in Q2 2025, signaling mounting financial pressure on US households amid persistent debt and growing inflation anxiety. ”
Redfin – “Nepo-Homebuyers: Aside from Paychecks, Family Money Is the Most Common Source of Young People’s Down Payments“ (07-14-25)
“Nearly one-quarter of Gen Zers and millennials who recently bought a home used either a cash gift from family or an inheritance to help fund their down payment, according to a recent Redfin-commissioned survey.”
California Real Estate Investor Events
Bruce Norris will be the keynote speaker at the Fliphacking event in San Diego on Tuesday, Oct 12.
The Norris Group presents its award-winning black-tie event I Survived Real Estate 2023 on Friday, October 27.
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