I like how Director Watt wants to thoroughly understand the implications of the proposed fees and their interaction with the new mortgage rules.
Piedmont, CA (PRWEB) January 23, 2014
The Federal Housing Finance Agency (FHFA) swore in a new Director early this month and the Senate confirmed a new Chairman of the Federal Reserve to take over on February 1. Local Piedmont CA Real Estate Agent Broker, Anian Tunney has high hopes for the real estate market under this new combination of agency heads.
Already, the new FHFA Director, Mel Watt, has put his touch on the agency by delaying several Fannie Mae and Freddie Mac fee hikes scheduled to take effect in March and April.(1) “I like how Director Watt wants to thoroughly understand the implications of the proposed fees and their interaction with the new mortgage rules,” said Tunney. “Especially since those fees would directly impact the people the new lending rules intend to protect.”
For those who are unaware of the FHFA, the young agency is a product of the Housing and Economic Recovery Act of 2008. Its purpose is to oversee Fannie Mae, Freddie Mac, and the 12 Federal Home Loan Banks as well as provide oversight of the government-sponsored $5.5 trillion mortgage finance market. One of the homes for sale in Piedmont CA is 150 Requa, offered at $7,400,000.
“Janet Yellen is pro-growth and has a strong Bay Area history, of course I like her! And, she has an amazing task ahead of her,” remarked Tunney of the newly confirmed Chairman of the Federal Reserve. As Chairman, Yellen’s “amazing task” is to wind down the stimulus, shrink the national debt, maintain the nation’s economic recovery, and create consensus in the policymaking committee.(2) “Maybe she would rather herd cats.”
The combination of Director Watt, Chairman Yellen, and the new lending rules looks like it will strengthen the housing market. Low interest rates and intelligent lending will continue to attract first-time home buyers as well as encourage current home owners to move up.
In the San Francisco Bay Area, where the median home price hit $500,000 in May 2013, Piedmont is a move up. Another of the Piedmont houses for sale is 179 Estates Drive, offered at $2,895,000.
About Anian Tunney, Broker Associate
Anian Tunney is an agent broker with The Grubb Company. According to statistics collected by East Bay Regional Data, Inc., she was the 2012 number one real estate agent in Piedmont, CA for the number of units sold and sales volume. Additionally, Tunney is always in the top two in yearly real estate sales for The Grubb Company’s Piedmont, office. She is known for her knowledge, experience, and network in the Piedmont community; qualities which are invaluable for finding that special home or buyers for her clients.
A fifth generation Piedmont resident, Tunney has been with the Grubb Company for over 30 years. She raised her family of four in Piedmont and is active in community projects such as the Piedmont Beautification Foundation, and the East Bay Museum Auxiliary. Her grandmother, Amy Sutton, was a real estate agent, and now Anian works with her daughter Adrienne Krumins, making Piedmont Realty truly a family vocation. Known by at least one client as “The Realtor with the Velvet Hammer,” Tunney negotiates with grace and clarity of purpose. She can be contacted at 510-339-0400 ext 217, and at tunney(at)grubbco(dot)com. Her website is aniantunney.com.
The Grubb Company Real Estate Brokers
Oakland, CA 94611
510-339-0400 ext 217