FHFA Improves Note Sale Program

On March 2 the Federal Housing Finance Agency enhanced requirements for sales of non-performing loans by Freddie Mac and Fannie Mae (the GSEs).  In a letter last year NAR raised concerns that this disposition strategy gives investors an advantage over potential owner occupant buyers.  NAR requested more information on the sale of the notes andContinue reading “FHFA Improves Note Sale Program”

HUD Announces Changes to FHA

On January 30, 2013, the Federal Housing Administration (FHA) announced a series of changes that manage risk and further strengthen the heath of FHA’s Mutual Mortgage Insurance Fund (MMI Fund): ~ The Standard Fixed-Rate Home Equity Conversion Mortgage (HECM) and Saver Fixed Rate HECM pricing options will be consolidated.  This change will be effective for FHAContinue reading “HUD Announces Changes to FHA”

2013 Legislative Preview

At the October Legislative Policy Committee meeting Rachel Nance, CAR’s Vice-President for Public Policy, talked about bills related to real estate that she thinks could be introduced during the 2013 legislative session. HOA Manager Licensing: It is unclear whether this would entail licensing or simply registration, but apparently the Division of Real Estate would likeContinue reading “2013 Legislative Preview”