The Federal Housing Finance Agency on Tuesday announced measures to make short sales of underwater homes easier for homeowners, including extending help to people who have financial difficulties but haven’t missed mortgage payments.
Fannie Mae and Freddie Mac will be issuing new guidelines to enhance and streamline the short sale process.
The Consumer Finance Protection Bureau (CFPB) issued a proposed rule covering a number of mortgage servicing topics.
Republicans writing their party platform for their upcoming 2012 convention in Tampa next week inserted language specifying their support for the mortgage interest deduction.
REALTOR magazine describes the devotion from two real estate professionals and others who are delegates to the Republican National Convention to push through language in their party’s platform that explicitly calls for protecting the mortgage interest deduction.
The Young Professionals Network of the Greater Nashville Association of REALTORS® proves that the industry’s youngest members are not just about light-hearted happy hours: They can take on serious issues, raise serious funds, and throw a seriously great party!
Borrowers who faced foreclosure in 2009 or 2010 may be eligible for a free independent review of their foreclosures and they now have until Dec. 31, 2012, to make a request for that review.
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.
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.
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.