News You Can Use
NAR to Congress: Ease Up on Mortgage Credit
Credit-worthy borrowers are being denied a chance at home ownership due to "unnecessary regulatory burdens" that are preventing them from qualifying for a mortgage, National Association of REALTORS® leaders testified Thursday before the U.S. Senate Banking, Housing and Urban Affairs Committee.
Fannie Offers Closing Cost Aid to First-Timers
Mortgage giant Fannie Mae announced a new program that allows first-time home buyers of its properties to receive up to 3 percent of the purchase price in closing cost assistance. On a $150,000 priced home, for example, buyers could receive up to $4,500 in closing cost savings.
Signs Now Point to a 'Sustainable' Recovery
Last year, the spring selling season failed to meet market expectations, but many housing analysts say that 2015 will be different and the market may have finally reached a long-awaited "sustainable recovery." Home sales are expected to post further gains across the country, according to NAR's pending home sales index, which tracks signed home contracts.
CFPB Sets Rules for Housing Counseling Lists
The Consumer Financial Protection Bureau issued guidance on how to provide mortgage applicants with a list of local home ownership counseling organizations. These new guidelines offer guidance to lenders on how to provide applicants abroad with home ownership counseling lists; permissible geolocation tools; disclosures; and high-cost mortgage counseling qualifications.
Announcing a New Member Advantage: eHomeAfford
Coming Soon! New Free Agent Tool to Determine a Home Buyer's Affordability!
NVAR has partnered with eHomeAfford to bring our members the most advanced Real Estate tools in the industry. This Free Service allows you to quickly determine a home buyer’s Affordability Level, credit score range, electronically save their contact info, and the ability to send this information to your designated lender at your fingertips, plus much more. You can activate your account at www.nvar.ehomeafford.com or contact firstname.lastname@example.org to have a customer service agent contact you with more information.
Stay tuned for the product release, coming soon!
Hot Legal Issues
NVAR's Legal Counsel write articles and updates on important legal topics. You can find these articles here.
Real Estate Today Radio
Real Estate Today is an-NAR produced national radio show that offers listeners an opportunity to
exchange information and learn from some of the nation’s most recognized
experts on a variety of real estate related topics such as buying and
selling homes, obtaining mortgages, seasonal markets, home improvements
and more. The show also airs nationwide on XM Satellite Radio, and worldwide at www.RETRadio.com. Click here to listen to current or past programs.
Foreclosure help for Nevadans
Did you know that the National Association of REALTORS® (NAR) has provided a Foreclosure Prevention and Response (FPR) Grant Program to aid REALTORS®, their clients, and the nation’s communities in facing the challenges of the current market? The Nevada Association of REALTORS® (NVAR) received the grant to aid Nevada communities in facing the current foreclosure challenges. NVAR, in conjunction with the local REALTOR® associations, has created a website that offers foreclosure counseling and information to help Nevadans develop coordinated plans of action to prevent foreclosures and respond to their adverse effects.
Click here to visit foreclosurehelpfornevadans.org
Nevada rental deposit
Did you know there are funds available to assist individuals with their initial security deposit through a no interest loan program to move into rental property that the Housing Authority owns or manages? The Nevada Association of REALTORS®, in partnership with local Associations and Nevada Housing Authorities, has created the NVrentaldepositprogram.org website to assist working individuals who meet specific qualifications to tap into this Security Deposit grant money.
Click here to visit nvrentaldepositprogram.org and find out more.