CFPB Changes Closing Disclosure Revision Timeline Regulations

A fourth-generation real estate professional, Paul Iantorno works with Golden Properties, LLC, in San Francisco, where he has been a part of restoration projects involving buildings constructed in the early 20th century. In an effort to remain informed about issues impacting the industry, Paul Iantorno remains apprised of developments in real estate finance regulations.

Earlier this year, the Consumer Financial Protection Bureau (CFPB) modified regulations governing the Closing Disclosure process when there are major changes to either the Loan Estimate or the Disclosure itself. In instances where the Loan Estimate and Closing Disclosure arrive on different days, there may be discrepancies between the two. Under old regulations, lenders who needed to provide a revised Closing Disclosure had to do it no less than three days after a circumstance occurred that changed the Loan Estimate, and to the buyer at least four days before closing.

When these changes occur in the four-day window before closing, however, there were sometimes instances where lenders may have been justified in calling for higher interest rates, but were unable or unwilling to do so because it would disrupt the closing timeline. Under new CFPB guidelines, however, lenders can provide a revised Closing Disclosure that shows new rates/costs at any time prior to closing.

SF’s Hayes Valley - An Up-and-Coming Neighborhood with Heart

San Francisco-based Paul Iantorno works with Golden Properties, LLC, to develop and rent a variety of single- and multi-family properties. A fourth-generation San Franciscan, he is part of a family with deep roots in the community and its real estate industry. Paul Iantorno’s major projects include the development of a four-story residential building on Hayes Street in the trendy and widely sought-after Hayes Valley neighborhood.

Homes in Hayes Valley are becoming increasingly popular among young professionals. Yet even as this once run-down neighborhood has gentrified, it continues to be home to a diverse population, offering a real sense of community. The neighborhood maintains its own local newspaper, announcing events such as a holiday block party, meetings on public safety, and a wealth of family activities.

Hayes Valley is also home to an eclectic and multicultural collection of restaurants, including Souvla, offering Greek food in a casual atmosphere with an industrial decor; Rich Table, which blends a California rustic menu with fine wines and personalized tasting options; and 20th Century Cafe, whose Russian honey cakes have gained a dedicated local following.

Boutiques in the neighborhood sell sophisticated and eco-sourced clothing and gifts, as well as a range of handcrafted jewelry, paper items, and more.

Four Ways to Facilitate a Smooth Career Transition

Paul Iantorno began his career working in the Italian shoe industry in San Francisco. The owner of Paolo Shoes, he eventually maintained two storefronts in the city before transitioning into real estate. Paul Iantorno continues to work in real estate with such companies as Golden Properties.

The process of transitioning to a new career, though daunting, doesn’t necessarily mean starting over. Below are four steps to help you move from one field to another:

1. Figure out the why and what. It’s likely that you are aware that you’ve outgrown your current jobs, yet you may not know much beyond that. When you don’t know what job you want or why you want that job, you are more likely to start a new career that is equally unfulfilling.

2. Identify transferable skills. You already have plenty of skills that can assist you in your new role. Beyond assessing your skills in areas such as leadership and communication, determine what classes or licenses you will need in your chosen field.

3. Make a plan. During the transition stage, you will still need to manage your monthly bills and other real-world issues. Create a plan for how to go about your transition, including weekly agendas and milestones. A plan makes it easy for you to follow a specific path during the transition process, ensuring that you build both momentum and confidence as you go.

4. Track your progress. Track the progress of your transition to make sure it is going at the pace you planned. You can easily do this by writing down the different tasks and goals you set for yourself in a spreadsheet. As you complete them, mark the tasks done. This not only lets you visualize your progress, but it also lets you spot and correct any issues early on.

Features of Edwardian Buildings in the United States

The son and grandson of notable real estate developers, broker Paul Iantorno is backed by four generations of experience in the San Francisco property market. Working with Golden Properties, Paul Iantorno manages a real estate portfolio with a number of renovated historic homes, including residences dating back to the Edwardian era. 

The majority of American Edwardian houses were built between the late 1800s and early 20th century. Edwardian houses can sometimes be confused with Victorian era homes, due to their overlapping time periods and shared elements. However, Edwardian homes can be distinguished by the combination of more refined embellishments, natural materials, and asymmetrical architectural features. 

Homes from this era are commonly two stories high with exteriors made from wood and brick and have steep roofs and intricately-accented porches. The interiors have high ceilings, wide hallways and staircases, and elegant decorative windows. 

Renovated Edwardian homes retain the charming characteristics that are popular with contemporary buyers while addressing some of their common issues, such as poor heating and cooling systems and weak foundations.

Rent Prices Nationwide Stabilize for First Time Since 2012

A native of San Francisco, California, Paul Iantorno is a fourth-generation San Franciscan and real estate developer who works with Golden Properties. In this capacity, Paul Iantorno oversees a wide-ranging portfolio of construction and rental properties. 

Since reaching 6.6 percent in July 2015, annual rent appreciation on a nationwide basis has decelerated, according to a recent study conducted by Zillow. And now, for the first time in six years, the rental price has stalled year-over-year, standing at $1,440. In fact, it has declined in some places. Portland, Oregon experienced the largest decline in median rent, as it was 1.8 percent lower in August 2018 ($1,834) than in August 2017. Even in pricey San Francisco, rents declined by 0.2 percent from the previous year to a median of $3,399. Declines were recorded in 19 of 35 large markets.

The trend was not reflected everywhere, however. Of those markets recording an increase in the median rent, Riverside, California, had the largest in the country, with a 3.7 percent year-over-year uptick, to $1,899.