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Summary of New Qualified Mortgage (QM) Rule

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.

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Existing–home sales slowed in April but remained above an annual sales pace of five million for the second straight month.

The NAR Board of Directors approved a system which will give brokers a single place to input listing data for distribution on multiple sites.

See Lawrence Yun's presentation slides from the Residential Economic Issues & Trends Forum at the 2015 REALTORS® Legislative Meetings & Trade Expo.

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REALTOR® TV

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Sen. Shelley Moore Capito (R-W.Va.) explains why REALTORS®’ visits this week are so critical. Other stories: patent trolls and HUD-1 changes.