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The Real Estate Services (RES) Update is designed to keep diversified real estate firms and their agents informed about issues impacting their businesses. This monthly newsletter includes legislative and regulatory updates, news on industry trends, and the latest information on NAR activities as they affect diversified real estate firms.

CFPB Delays Qualified Mortgage to Get More Data

June 1, 2012: 

On Thursday May 31, 2012, the Consumer Financial Protection Bureau (CFPB) announced that it would be seeking additional information on loan performance with regard to Debt to Income (DTI) ratios and a few other factors.

Realtors® Offer Support for Bill to Help Responsible Homeowners Refinance

May 24, 2012: 

A proposed bill to streamline and align the refinance processes of Fannie Mae and Freddie Mac may soon make it easier for homeowners who are current on their mortgage payments but who have been previously unable to refinance to finally take advantage of record low interest rates.

Future of Housing Finance Will be Top Issue for Next President

May 16, 2012: 

The future of housing finance in the U.S. will be a key issue facing the winner of the upcoming presidential election.

Housing Mortgage Market Reform Key to Housing Recovery

May 15, 2012: 

A sustainable housing recovery requires that policymakers move forward with the difficult decisions regarding the future of the mortgage market, Federal Reserve Board Governor Elizabeth Duke told Realtors® at a joint Real Estate Services and Regulatory Issues Forum May 15.

CFPB Announces Plans to Propose Mortgage Compensation Rules

May 14, 2012: 

The Consumer Financial Protection Bureau (CFPB) released an outline of proposals under consideration for rules governing compensation for mortgage loan originators.

NAR, IREM Send Coalition Letter to FHA on Private Transfer Fees

May 7, 2012: 

This week the National Association of REALTORS (NAR) and the Institute of Real Estate Management (IREM) sent an industry coalition letter to Acting Federal Housing Administration (FHA) Commissioner, Carol Galante, asking the agency to adopt a private transfer fee rule in harmony with the final rule recently adopted by the Federal Housing Finance Agency (FHFA).

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