Goodwin, who is a member of the NAR, Illinois, and Chicago REALTORS® Halls of Fame, as well as the RPAC President’s Circle and its Hall of Fame, shared his views on why more commercial brokers need to join NAR.
On Thursday, Jan. 10, 2013, NAR achieved a significant victory in obtaining a safe harbor in the QM rule for loans underwritten to the automated standards of the GSEs, FHA, VA, and RHS.
NAR has been actively involved in shaping the debate and structure of the Qualified Mortgage (QM) Rule issued by the Consumer Financial Protection Bureau (CFPB) created by the Dodd-Frank Reform Act. NAR achieved a significant victory in obtaining a safe harbor in the QM rule for loans underwritten to the automated standards of Fannie Mae/Freddie Mac, the Federal Housing Authority, Veterans Administration and Rural Housing Service (within their respective loan limits) for up to seven years.
Renting, buying or selling a home abroad can be complicated- very few countries have similar rules and regulations. A International REALTOR® Member (IRM) will be able to guide you through local laws, processes and paperwork.
NAR has recognized 23 Global Business Councils as part of the 2012-2013 Global Business Council Achievement Program. Of those 23, four associations were given the Platinum Award, the program's highest distinction.
On Jan. 4, 2013, Congress approved nearly a $10 Billion increase in the National Flood Insurance Program's borrowing authority for Superstorm Sandy (HR 41).