On Friday, April 13, 2012, NAR and 11 other industry trade associations submitted a letter to the Director of the Consumer Financial Protection Bureau asking for an expanded rule-making process so that industry can properly evaluate the proposed RESPA/TILA harmonization.
NAR spearheaded a 33 member coalition in sending a letter to Consumer Financial Protection Bureau (CFPB) Director Richard Cordray calling for a broadly defined Qualified Mortgage (QM) under the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Here are five initial takeaways from the $25 billion dollar national mortgage settlement that will impact real estate transactions.
Legislation to Extend Expiring Relief Introduced
On Friday, April 13, NAR joined a broad coalition of lenders, investors, housing professionals, consumer advocates and civil rights groups, in sending a letter to Richard Cordray, director of the Consumer Financial Protection Bureau, urging for a broadly defined Qualified Mortgage (QM) that covers a wide range of traditionally safe products and underwriting criteria.
April 12, 2012
Today marks a milestone for NAR on the web. With the launch of this new site, we’re shifting the focus to you, the member. We’re calling the site my.realtor.org, because it’s your experience that counts. We believe that you should control what you want to see, and where you want to see it, and we’ve taken significant steps to make that happen.
You can customize my.realtor.org
Now you can customize the homepage with the topics and areas that you find most valuable to you.