Pending home sales in California fell 1.7 percent in July, according to C.A.R.’s Pending Home Sales Index (PHSI)*.  The index was 117.0 in July, down from June’s index of 119.0, based on contracts signed in July. The index was up 4.9 percent from July...

[caption id="" align="alignright" width="147" caption="U.S. Senator Dianne Feinstein"][/caption] Dear Mr.Levine: Thank you for contacting me to express your concern regarding recently announced criteria for "qualified residential mortgages" (QRMs).  I appreciate hearing your thoughts on this issue and apologize for the delay in my response. As you know, one of...