Mortgage Financing Archive

Webcast Recording: Understanding the New FHA Condo Financing Rules

REALTOR® Magazine presented a live webcast about the Federal Housing Administration’s new condo financing rules on Oct. 28, 2016. The webcast featured Megan Booth and Sehar Siddiqi of NAR Government Affairs, who discussed and answered questions about the new rules...
November 1, 2016

Should Appraisers Be Testing Stoves and Dishwashers?

FHA’s latest changes to its single-family mortgage insurance handbook instruct appraisers to test and report on how well the appliances are working when they’re preparing an appraisal for a house that would be financed with an FHA-insured mortgage. This...

Does DIY Apply to Buying a House? Young People Might Think So

One of the side effects of digital communication is it can make people slow to get out from behind their screens to talk to someone face-to-face. Maybe you’ve noticed it with people you know, particularly young people who’ve grown...

How Are Closings Going?

Home sales in November 2015 saw a big drop and although it’s too soon to know definitively what’s behind the slowdown, it’s possible the  new closing rules that went into effect October 3 had something to do with it....
January 20, 2016

When Presidential Candidates Talk Real Estate

As the presidential nominating process moves into 2016, don’t be surprised if candidates from both parties talk about real estate and the federal issues that affect it. After all, the industry accounts for roughly a fifth of the U.S....
December 21, 2015

How FHA is Helping Buyers Obtain Condo Financing

First-time buyers are hurting. It’s hard for them to save for a down payment, credit restrictions remain tight, and there are few affordable homes for them to choose from. What’s more, wage gains are modest, home prices keep going...
December 1, 2015

Real Estate to Benefit as Crowdfunding Gets Boost

When businesses expand, real estate benefits. The U.S. Securities and Exchange Commission is publishing a final rule in January that will take a big step in making so-called crowdfunding a mainstream way for small businesses to raise money. That’s...
November 14, 2015

Push to Renew Mortgage Debt Forgiveness Gains Steam in Senate

An effort is under way in the Senate to renew legislation that spares underwater homeowners from having to pay income tax on mortgage debt forgiven by a lender, one of the chief supporters of the tax-relief provision told a...
February 23, 2015

Understand the Oct. 3 Changes to HUD-1, Closing Process

The days of filling out the HUD-1 settlement form and getting a Good Faith Estimate (GFE) from the lender are winding down. On August 1, those two forms are going away. The Truth in Lending Act (TILA) disclosure form...
February 17, 2015

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