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Clearing the Credit Hurdle

August 26, 2014: 

When it comes to mortgage financing on U.S. properties, domestic buyers have one distinct advantage over global ones: their credit history is easily accessible. Not so with foreign borrowers. Verifying an overseas credit standing can be the make-or-break hurdle to getting a loan and closing a transaction.

U.S. Mortgage Options

August 26, 2014: 

If you have worked with global buyers of U.S. properties, at some point you’ve probably been asked about financing. During and after the recession, mortgage programs were limited to non-existent. Recently, however, the tide has turned and credit to foreign buyers has loosened. In fact, some institutions view lending to foreign nationals as a growth market. Depending on your buyer’s resources, there may be several products that meet their needs and circumstances.

Not a U.S. Citizen? Not a Problem.

August 26, 2014: 

In recent years, cash has dominated U.S. real estate purchases by foreign nationals. According to NAR’s 2013 Profile of International Home Buying Activity, agents reported that 63 percent of their international transactions were conducted without financing.

Is that because foreign buyers prefer a cash purchase, or do they feel locked out of the U.S. mortgage market? If the latter, agents may be able to help more global buyers reach the closing table by identifying lenders ready and willing to meet their buyers’ needs.

FHFA Releases GSE Strategic Plan

August 22, 2014: 

On August 15, 2014,The Federal Housing Finance Agency (FHFA) released a Request for Input on its Strategic Plan for 2015-2019

FEMA Redesigns Map Service Center

August 22, 2014: 

FEMA has announced a redesign of their Map Service Center (MSC).

Leadership Summit 2014: A Song in a Day

August 19, 2014: 

Incoming state and local presidents and their association executives sing at the NAR's 2014 Leadership Summit.

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