NAR Plan Seeks to Protect Mortgage Market

To protect 30-year, fixed-rate mortgages, Fannie Mae and Freddie Mac should be given new charters that turn them into utilities with private shareholders and federal backing for catastrophic losses, NAR says. The association’s proposal was introduced at a policy forum it hosted in early February. Also, using automated texts as part of your marketing could violate do-not-call laws.

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If you have clients whose application for a federally backed Rural Housing Service loan got snagged in the shutdown, let NAR know so it can help your clients get priority processing. Also, a residential and commercial market outlook for 2019.