Thomas B. Pahl, Assistant Director, Division of Financial Practices, Federal Trade Commission, discusses how the Mortgage Acts and Practices (MAP) rule will impact real estate professionals who provide information to consumers about mortgage products.
As homeowners across the East Coast brace for Hurricane Irene and the heavy rains that are expected to fall over the next few days, the current threat underscores the importance of flood insurance, which is the only way for homeowners to financially protect their property or businesses from flood damages.
Changes to the mortgage interest deduction could dramatically impact home owners and aspiring home owners in Grand Rapids, Mich., and beyond. That’s just one of the many issues the National Association of Realtors® wants Michigan residents to know about as the Home Ownership Matters Bus Tour pulls into Grand Rapids this week.
As the National Association of Realtors® Home Ownership Matters bus crosses Missouri this week, a stop in Joplin, Mo., today will underscore Realtors®’ commitment to rebuilding the local community.
The Federal Trade Commission's Tom Pahl explains the rationale for the FTC's action on the Mortgage Assistance Relief Services Rule and what it means for real estate professionals. In addition, NAR's Charlie Dawson discusses the next steps following the FTC's action.
National Association of Realtors® President Ron Phipps called on Congress to resolve the mounting debt ceiling crisis before the August 2 deadline.
Any changes to the mortgage interest deduction now or in the future could threaten recent progress toward stabilizing the housing market, critically erode home prices and values, destroy middle-class wealth accumulation and hurt economic growth.
In a letter to Shaun Donovan, secretary of Housing and Urban Development; Timothy Geithner, secretary of the Treasury; and Gene Sperling, director of the National Economic Council, NAR offered its recommendations for helping stabilize and revitalize the housing industry and economy.
Testifying before the House Financial Service Committee’s Subcommittee on Insurance, Housing and Community Opportunity, NAR spokesperson Steve Brown identified several proposed regulations and existing rules that have exacerbated problems within the fragile real estate market and urged Congress and the administration to consider modifying the rules to help consumers purchase homes and the economy recover.
The long-term viability of America’s housing finance market requires comprehensive reform of the secondary mortgage market. Toward that end, the National Association of Realtors® supports H.R. 2413, the “Secondary Market Facility for Residential Mortgage Act of 2011.”