Posted on
December 9, 2014
Mortgage giants Fannie Mae and Freddie Mac have launched a program called Home Possible Advantage, a conventional mortgage with 3 percent down-payment requirement designed for low-and moderate-income borrowers. The program is expected to expand credit for qualified home buyers who may have been priced out of the market due to higher down-payment requirements.
Home Possible Advantage is a conforming conventional mortgage...
Posted on
November 26, 2014
Real estate professionals talk a lot about the unique spirit of cooperation in their business, but extending it to their competitors and associates in the brick-and-mortar world would really put their money where their mouths are. Sam DeBord, a state director for Washington REALTORS®, suggests every real estate office across the country should promote an open-door policy that would allow real estate agents with other companies...
Posted on
September 23, 2014
The Federal Reserve Bank of New York (FRBNY) released new evidence on the relationship between student loan debt and home ownership. It essentially states that student debt now exceeds aggregate auto loan, credit card, and home-equity debt balances—making student loans the second largest debt of U.S. households, following mortgages.
Click here to learn more about the study.
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Posted on
September 19, 2014
Colorado Housing and Finance Authority (CHFA) will hold three public hearings in Colorado regarding the Low Income Housing Tax Credit Allocation Plan (the Plan) for the year 2015. The 2015 QAP will guide CHFA’s allocation of both the federal and state Low Income Housing Tax Credits. The purpose of the hearing is to receive input on the Plan and to...
Posted on
August 19, 2014
Colorado regulators have urged real estate professionals to avoid selling property in off-the-market deals because they say it can pose greater risks for sellers. The Colorado Real Estate Commission issued an opinion last week stating that selling property without putting it officially on the market is OK, if sellers realize the risk, but if they don’t, such a tactic can...
Supporters of four ballot questions pertaining to oil and gas policy in Colorado have announced that they will be dropping their initiatives. Congressman Jared Polis made the announcement on Monday, making clear that he will be withdrawing financial support for measures #88 and #89 as a part of a deal with Governor John Hickenlooper. The two ballot measures would have...
How Finding the Right Lender Can Get Your Client’s Mortgage Closed On Time
By Todd Crowley
Picture this: You’ve been working with your clients for months—putting in additional hours, working late nights and weekends—trying to find them the perfect house. The home is found, the purchase contract is signed, you have worked through the transaction details, and you are ready to close. ...
Builder Realty Council of Metropolitan Denver and the Home Builder Association of Denver invite Colorado REALTORS to join them for an EXCLUSIVE, REALTORS® ONLY, VIP TOUR of this year's Parade of Homes entries. Area Builders have submitted a wide variety of styles and designs and decorating options including new single family, townhomes, custom built and luxury homes.
The tour is free, however you must register to participate on the bus tour.
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The housing market is starting to show some improvement after a slow start to the year, but home sales likely will still likely be shy of 2013 numbers, according to Fannie Mae’s June 2014 Economic Outlook, released this week.
"Home price improvements have contributed to consumers’ household wealth, but overall growth in the housing market pulled back in the first quarter, with major...
Student loan debt is a growing concern for REALTORS®, because of its impact on household formation. What is NAR doing to address the issue of growing student debt? NAR's 2014 President, Steve Brown explains in his latest video.
Original post here.
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