Financing & Credit Archive

Thomas Presses on Gov’t Backing, Loan Limits

NAR President Gary Thomas in testimony before the Senate Banking Committee this week again took aim at a proposal floated by a federal regulator to reduce the size of loans that Fannie Mae and Freddie Mac can handle. Although...
October 30, 2013

No Federal Guarantee, No 30-Year Mortgage

The looming debt ceiling crisis and the federal government shutdown have pushed aside pretty much every other issue in Washington today, but it won’t be too long before one of the major real estate issues facing the federal government...
October 16, 2013

Yun on Debt Ceiling: 450,000 Lost Sales with 1% Mortgage Rate Rise

If the federal government fails to increase its borrowing authority prior to when the U.S. Treasury says it will run out of money to pay its bills, debt default is not necessarily the first consequence we’ll see, says NAR...
October 9, 2013

QRM: Regulators Agree with NAR But Deal Not Done

Federal banking regulators have re-proposed the qualified residential mortgage (QRM) rule, which requires lenders to hold back 5 percent of the loan amount on securitized home mortgage loans unless they originate the loans based on “safe” guidelines, which are...
September 11, 2013

Why ‘PATH’ Approach to Fannie, Freddie Phase-out is Troubling

Lawmakers have been talking about reforming the secondary mortgage market since the housing bust, but the effort has remained largely in the planning stage. Now it’s moving forward.     // In the House last week, the Financial Services...
July 29, 2013

With BASEL III Out, a Big Win for Real Estate

When you’re busy selling real estate or running a brokerage, you can’t be expected to follow every twist and turn in Washington over this rule or that rule. But there was one important twist just a few weeks ago...

To Speed Short Sales, Work With Fannie Mae from the Start

Problems getting action on short sales aren’t in the news as much as they were a few years ago but they remain a stumbling block to business and efforts to speed up processing are still needed. Fannie Mae is...
June 6, 2013

Selling a Foreclosure? Don’t Ignore the Tenant

The foreclosure crisis is easing but chances remain good that you’ll continue to list and sell foreclosures for a while. If you’ve had tenants in some of the foreclosures you’ve already sold than you’re probably familiar with that 2009...
April 10, 2013

Budget Plans: Any Impact on Real Estate?

Tax provisions are once again under discussion as lawmakers look at dueling budget plans The federal budget process for next year began last week with release by the Senate and House budget committees of their fiscal 2014 plans. The...
March 18, 2013

Lenders: What’s Holding Back Loans

Despite the improving economy, home loans even for well-qualified borrowers are still unnecessarily hard to get and take too long, real estate practitioners say. But lenders take a different view. In a roundtable with three of the country’s largest...
March 13, 2013