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94 CHRISTOPHER ROCKEY Former national real estate trainer for Fidelity National Financial. Give me a call, let's talk REO! Serving Sacramento, Placer, El Dorado, Santa Clara, and Contra Costa for more than 20 years. Rockey@RHomeSales.com 530.420.LIST ChristopherRockey.com YOUR QUEST FOR COMPLETE REO SERVICES ENDS HERE From BPO and occupancy checks to security and maintenance, we care for your property the way you do. CALIFORNIA Hard Times by the Bay In 2017, California's Bay Area cities and counties were far behind in catering to the housing demand for very low- to moderate- income levels, according to a report released by the Association of Bay Area Government (ABAG). e report revealed that the region saw an additional 27,103 new housing units in 2017 than 2016 (20,868), or 2015 (20,495), yet only 18 percent of these units were for very low- to moderate-income residents, a number that is far below the 58 percent required by Califor- nia's Housing and Community Development Department. "With this new data, we can clearly see that more housing development is on the way, but we're still far behind in meeting the housing demand for all income levels," said David Rab- bitt, President, ABAG and Sonoma County Supervisor. "e work that is being done at ABAG and at the Metropolitan Transporta- tion Commission (MTC) in the Committee to House the Bay Area, known as CASA, is urgently needed to bring Bay Area leaders together to solve this problem." New data on ABAG's web portal now includes complete datasets from 2014 to 2017 and will continue to be updated to incorporate housing permit and policy activities for cities and counties from 2018 onwards. According to ABAG, these datasets provide a resource to shape both the develop- ment and evaluation of housing policies for the Bay Area and will help support MTC's funding initiatives, which include the One Bay Area Grant Program and the new Housing Incentive Pool Challenge Grant Program. Both these initiatives help to permit, produce and preserve housing. e Housing Incentive Pool rewards local governments that permit or preserve the greatest number of housing units for households belonging to very low- to moderate-income levels. FICO, Experian, and Finicity Launch New Credit Score California-based credit-scoring agency FICO, along with Experian and Finicity recently launched a new credit score called UltraFICO Score. e new credit score leverages account-aggregation technology and distribution capability from Experian and Finicity to help consumers improve access to credit by tapping into consumer-contributed data, such as checking, savings, and money- market-account data, that reflects responsible financial-management activity. e three companies estimate that this new score has the potential to improve credit access for the majority of Americans and is particu- larly relevant for those who fall in the grey area in terms of credit scores (scores in the upper 500s to lower 600s) or fall just below a lender's score cutoff. Consumers who are relatively new to credit, with a limited history, or those with previous financial distress who are getting back on their feet stand to benefit the most from this new system. "is changes the whole dynamic of the lender and customer relationship," said Jim Wehmann, EVP, Scores, at FICO. "It em- powers consumers to have greater control over the information that is being used in making credit-risk decisions. It also enables a deeper dialogue between the consumer and lenders to help both parties make better financial deci- sions. It's a game changer." e UltraFICO Score will launch as a pilot program in early 2019. e pilot is designed to validate the score and assess the willingness of consumers to share financial data for a po- tentially higher score. Pilot participants were sourced across various lines of businesses. "As the consumer's bureau, our goal is to help empower consumers and to give better access to credit for more consumers, all while promoting fair lending," said Alex Lintner, President, Consumer Information Services, Experian. "rough this project, we've found a new way to use consumer-permissioned data that allows lenders to make better decisions and helps consumers gain access to credit." "is approach allows Americans to benefit from positive financial behaviors," said Steve Smith, CEO, Finicity. "We are proud to have created a new way for consumers to share fi- nancial information safely and securely so that a new UltraFICO Score can be created." According to WalletHub's "2018's Best & Worst Places for Veterans to Live" Report, Irvine, California, ranks as one of the best cities for veterans to call home. KNOW THIS

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