Nation: Bill to Reform Dodd-Frank Introduced

Congressman Jeb Hensarling (R-TX), Chairman of the House Financial Services Committee, introduced the “Financial Choice Act” to reduce regulatory burdens and expand credit access to consumers and businesses.  NAR sent a letter to the Committee in support of several provisions in the bill including a revision to the Truth in Lending Act’s (TILA) definition ofContinue reading “Nation: Bill to Reform Dodd-Frank Introduced”

Your Listings On The World Wide Web

Are your listings on Zillow and Trulia? How about LandWatch? If so, do you know how they got there? Better yet, do you know how many leads they generate? Listing syndication (i.e. sending listings to various sites) is a source of much confusion and frustration right now.  Let us take a few minutes to clarifyContinue reading “Your Listings On The World Wide Web”

NAR Comments on Qualified Mortgage Provision

On June 3, 2013, NAR submitted comments to the Consumer Financial Protection Bureau (CFPB) on further proposed revisions to the Ability-to-Repay or Qualified Mortgage (QM) rule. These changes provide more flexibility for lenders to qualify borrowers under the QM safe harbor standard which provides certain protections from liability in connection with the ability to repayContinue reading “NAR Comments on Qualified Mortgage Provision”

NAR, Coalition Continue to Push on QRM Definition

NAR, along with 50 other members of the Coalition For Sensible Housing Policy, recently submitted a letter to federal regulators asking that the standards used in the recently released Qualified Mortgage rule (QM) be used to define the Qualified Residential Mortgage (QRM). The similarity in these terms makes them easy to confuse, so a shortContinue reading “NAR, Coalition Continue to Push on QRM Definition”