FHA Announces Reduction in Mortgage Insurance Premiums

In January President Obama announced that the Federal Housing Administration (FHA) would reduce FHA annual mortgage insurance premiums (MIP) by 50 basis points.  This reduction is a victory for the National Association of REALTORS whose members have called for lower fees on FHA loans since early 2014. NAR raised concerns about the costly premiums toContinue reading “FHA Announces Reduction in Mortgage Insurance Premiums”

NAR’s Talking Points for Meetings with Legislators

Next week Realtors® from across the country will converge in Washington DC for NAR’s annual Mid-Year Meetings. This is good information with which we should all be familiar, so here is a synopsis of the talking points distributed by NAR for Congressional hill visits that will occur during the meetings: Tax Code Reform: As CongressContinue reading “NAR’s Talking Points for Meetings with Legislators”

Feds Release Qualified Mortgage 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/FreddieContinue reading “Feds Release Qualified Mortgage Rule”

Presidential Candidates Differ on REALTOR Issues

NAR does not endorse a presidential candidate, but REALTORS® obviously want to know where the candidates stand on real estate issues. A recent interview in REALTOR® magazine sheds light on their positions. Below you’ll find a summary of both candidates’ answers to important questions that focus on REALTOR® issues. Home Ownership Incentives The federal governmentContinue reading “Presidential Candidates Differ on REALTOR Issues”