Last week, the House Committee on Veterans' Affairs passed H.R. 4482, which would make VA ARM and hyrid ARM products permanent. Adjustable Rate Mortgages (ARMs) are especially useful loan products for active duty military.
Visit the NAR Member Guide to customize the tools and information you value most including your newly designed 2012 membership card. Personalize your card by choosing a background and adding up to six of your designations and certifications and order a plastic version today. Login to the Member Guide to get started.
Take the new course Realtors Property Resource™ (RPR™): Real-Time Data, Market Knowledge, Informed Consumers, and explore automated valuation models (AVMs) may influence consumers’ online real estate research efforts and how to leverage the full analytical power of RPR™ in listing presentations and buyer counseling sessions. You can even earn CE credit where available.
On April 17, 2012, the Federal Housing Finance Agency (FHFA) announced a new directive as part of FHFA’s continued servicing alignment initiative that directs Fannie Mae and Freddie Mac to align their guidelines for servicing delinquent mortgages they own or guarantee.
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.