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New Rules Proposed for Higher-Risk Mortgages

August 17, 2012: 

The Federal Reserve Board has joined with five other federal regulatory agencies in proposing a new rule to impose appraisal requirements for loans secured by a borrower’s home and bearing interest rates higher than the average prime offer rate (APOR) for comparable properties and mortgages.

Coalition Urges Passage of Foreign Investment Bill

August 17, 2012: 

NAR championed a coalition letter to House Leadership and the House Judiciary Committee urging support for Senate legislation reauthorizing the EB-5 regional center program.

CFPB Issues HOEPA Rule Proposal for High Cost Loans

August 17, 2012: 

On Aug. 15, 2012, the Consumer Financial Protection Bureau (CFPB) published in the Federal Register a proposal to implement new Home Ownership and Equity Protection Act (HOEPA) rules that expand the coverage of this statute and tightens the limits of what is considered a high cost loan.

Some Local Governments Looking to Eminent Domain to Solve Mortgage Crises

August 17, 2012: 

Municipalities across the country have seized on a novel approach to help resolve the current underwater mortgage crisis: using their power of eminent domain to seize mortgage loans from private investors through condemnation.

Guaranteed Loan Program for Rural Areas Issues Loan Processing Advisory

August 17, 2012: 

The U.S. Department of Agriculture’s Single Family Housing Guaranteed Loan Program has issued an advisory for lenders that will also be of interest to REALTORS with buyers and sellers over the next several weeks.

Listings from India now on Realtor.com International®

August 15, 2012: 

Realtor.com International® now includes listings from India.

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