Financing & Credit Archive

One Out of 5 REALTORS® in Business Less Than a Year

Increasing the number of young people in real estate has been a longstanding goal of the industry, so it’s good news that the median age of REALTORS® dropped this year. It’s now at 53, down from 57 last year. What’s...

Why Can’t Borrowers Refinance Their Student Loan Debt?

Refinancing the mortgage on your house can sometimes make the difference between keeping your house and losing it to foreclosure. You might wonder why people who are paying back student loan debt can’t do the same. For the real...

REALTORS® in Washington: Condo Loans a Big Push

Improving the availability of condo financing will be a priority when thousands of REALTORS® are in Washington this week for the 2016 REALTORS® Legislative Meetings & Trade Expo. Overly restrictive rules on condo board certification, owner-occupancy, and commercial space...
May 9, 2016

650,000 Leave Prison Each Year: Impact on Real Estate

Almost a third of Americans—100 million people—have a criminal record, and 650,000 are released from prison each year, adding to the total. This relates to housing because the U.S. Department of Housing and Urban Development recently released guidelines to...
April 27, 2016

Why QRM is Such a Big Win for Real Estate

Much of what NAR does in Washington is defensive: it works with Congress to prevent curbs to the mortgage interest deduction or to prevent elimination of federal backing of conforming mortgage loans. The qualified residential mortgage (QRM) rule that...
November 3, 2014

About That FHA Prepayment Penalty . . .

News that FHA will eliminate a prepayment penalty starting next year has been widely reported. It’s a move NAR has been seeking for some time because it will relieve borrowers of a financial hit that’s entirely out of their...
September 11, 2014

FHA Premium Increases Taking Toll

Mortgage originations among borrowers in the 620 to 680 credit score range have plunged some 90 percent since the housing crisis in 2007 and still have far to go before they recover. One thing that’s holding back these borrowers...

Brown Meets at White House as Mortgage Reform Gains Steam

NAR President Steve Brown met at the White House with the federal government’s top housing officer, HUD Secretary Shaun Donovan, and the head of the National Economic Council, Jeffrey Zients, on the reform of the secondary mortgage market yesterday....
March 21, 2014

Meeting Promises Productive Relationship with Fannie, Freddie Regulator

NAR President Steve Brown in a meeting yesterday with new Federal Housing Finance Agency (FHFA) Director Mel Watt shared REALTORS®’ concern over the continued availability of safe and affordable mortgage financing and thanked the director for postponing a decrease...
February 13, 2014

Mortgage Availability Tightening? QM Takes Effect Today

NAR has been working with federal regulators since Congress in 2010 passed massive banking reform legislation, part of which created the qualified mortgage and qualified residential mortgage rules. Today is an important day in the timeline of those rules,...
January 10, 2014