Monthly Archive:: September 2012

Bernanke: Loan Standards Easing

One of the main questions hanging over the Federal Reserve’s plan to buy up to $40 billion a month in mortgage-backed securities (MBS) to help spur the housing market is whether continuing tight underwriting requirements will offset any positive...
September 20, 2012

Home Sales, Prices Both Up in August

Existing-home sales last month were up almost 8 percent from July and home prices were up 9.5 percent from a year ago, to $187,400. “More buyers are taking advantage of excellent housing affordability conditions,” NAR Chief Economist Lawrence Yun...
September 19, 2012

CFPB Advisory Board: It’s all About Balance

The Consumer Financial Protection Bureau (CFPB) is writing rules that can have an enormous impact on real estate. The qualified mortgage (QM) rule, which sets out lender  standards on what constitutes borrowers’ ability to repay, is one of them....
September 17, 2012

Action on Loan Standards Needed More than on Rates

The Federal Reserve hopes to drive down already low interest rates and reboot the sluggish economic recovery by buying up some $40 billion in mortgage-backed securities a month. But there’s a reason to wonder if a different kind of...
September 17, 2012

REALTORS® Stand Up for Housing at Democratic Convention

When Paul Yorkis was young, his mother took him to the Democratic Party headquarters and asked him to stuff envelopes in support of Adlai Stevenson who ran for president twice during the 1950s. “It was fun and people were...

FHA Eases Some Key Condo Financing Limits

Some positive news from FHA today on its condo financing rules, with more changes expected to come in the near future. The changes should make it easier for borrowers—both investors who want to buy more than one unit and...
September 13, 2012

Terrorism Coverage: Extend it Sooner Rather Than Later

2014 seems like a long ways away but in Washington there are already concerns that a critically important program to the commercial real estate industry could end that year, which would make it hard for buyers and owners long...
September 13, 2012

FHFA Gives Banks Reason to Revisit Overlays

The federal government is taking steps to ease a problem lenders have been complaining about for several years, and that’s the buy-back risk they face if they underwrite a federally backed loan that goes bad and the guarantor of...
September 12, 2012

Obama: Don’t Take Away MID for Middle Class

Commentators, bloggers, and the Twitterverse have been abuzz with praise for the rousing speeches coming out of the Democratic National Convention in Charlotte, N.C., this week, culminating Thursday night with President Barack Obama accepting his party’s nomination. But now...
September 7, 2012

NAR Participates in Conventions

Representatives from the National Association of REALTORS® were in attendance at both the DNC and RNC, appearing and speaking at various real estate-related forums in support of housing issues. During the North Carolina and Charlotte REALTOR® associations’ breakfast Wednesday...
September 7, 2012