Archive for 'Tag Archives: 'Fannie Mae''

Gov’t in Talks to Rent Out Foreclosures

Gov’t in Talks to Rent Out Foreclosures

The Obama administration is considering a plan that would take foreclosed homes off the market and rent them out–in a move aimed at clearing the glut of unsold foreclosed homes and preventing home values from falling [...]

NAR President’s Podcast: Sensible Policies, Please

2011 NAR President Ron Phipps talks about once again battling government policies that prevent consumers from getting mortgages. He discusses the pitfalls of the qualified residential mortgage (QRM) policy proposal requiring consumers to put 20 percent [...]

NAR President tells Congress, Let’s Get It Right!

Phipps: I just spent two days testifying on Capitol Hill about some very important issues. First, regulators are proposing a narrow definition of “qualified residential mortgage” that would make 20% the minimum down payment. You and [...]

What Is a ‘Safe’ Mortgage?

Later this month, the Federal Deposit Insurance Corp. will consider new rules that define what a safe or “qualified” residential mortgage is as part of the Dodd-Frank financial overhaul law. Experts say the classification will likely have [...]