Mortgage Financing Archive

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

Many FHA Documents Can Now Be Signed Electronically

E-signatures promise to simplify real estate transactions quite a bit, and the industry has worked for a number of years to create standards that everyone can agree to with the aim of making them more widely used than they...

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

Veissi: Pause Needed on Flood Ins. Changes

NAR and many lawmakers in Congress are pushing for a time-out in the federal government’s efforts to eliminate flood insurance subsidies over time and phase in premium rates that reflect properties’ actuarial risk of flooding. NAR’s Call for Action...
November 20, 2013