Archive for 'Tag Archives: 'Freddie Mac''

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 [...]

NAR Submits Comments on Private Transfer Fees

On October 15, 2010, NAR submitted comments to the Federal Housing Finance Agency (FHFA) on their proposed guidance for the use of private transfer fees. The FHFA proposed guidance would prohibit the government sponsored enterprises (GSEs), [...]

Improper Foreclosure Procedures by Banks

Washington Report, Monday, October 11th In September and October 2010, several lenders suspended foreclosures in two dozen states due to questions about whether foreclosures were being processed consistent with applicable state law requirements.  Concerns are being raised [...]