Rate IncReases ahead foR some natIonal
flood InsuRance PRogRam PolIcyholdeRs
Changes are coming to the critically important National
Flood Insurance Program that could impact real estate
transactions and property owners across the country.
By: National Association of REALTORS® Press Release, May 16, 2013.
To read the press release in full, please visit: http://www.realtor.org/newsreleases/2013/05/rate-increases-ahead-for-some-national-flood-insuranceprogram-policyholders
home PRIces Post BIggest IncRease In 7 yeaRs
Home prices increased at the fastest rate in seven years,
jumping 10.9 percent in March, according to data released
Tuesday, as buyers continued to compete for a limited
supply of homes and the spring buying season kicked off.
By: Amrita Jayakumar, The Washington Post, May 29, 2013. To read the
article in full, please visit: http://www.washingtonpost.com/business/
economy/home-prices-post-biggest-increase-in-7-years/2013/05/28/
fae7a856-c79a-11e2-9f1a-1a7cdee20287_story.html
oBama admInIstRatIon extends makIng home
affoRdaBle PRogRam
U.S. Secretary of the Treasury Jack Lew announced today
that Treasury is extending the Making Home Affordable
Program for another two years.
By: Ashley Harris, DSNews, May 30, 2013. To read the article in full,
please visit: http://www.dsnews.com/articles/obama-administrationextends-making-home-affordable-program-2013-05-30
moRtgage Rates aRe hIghest In a yeaR
Mortgage rates have hit their highest level in more than
a year, making homes more expensive for buyers who
finance their purchases.
By Les Christie, CNN Money, May 30, 2013. To read the article in full,
please visit: http://money.cnn.com/2013/05/30/real_estate/mortgagerates-rise/index.html?iid=HP_LN
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fha PolIcy shIft leaves many condos
InelIgIBle foR fInancIng
Is FHA intentionally targeting condominiums, trying
to exclude hundreds or thousands of them around the
country from qualifying for financing under its mortgage
insurance program?
By: Ken Harney, Inman News, May 21, 2013. To read the article in full,
please visit: http://www.inman.com/2013/05/21/fha-policy-shift-leavesmany-condos-ineligible-for-financing/
cfPB fInalIzes aBIlIty-to-RePay amendments
An exception for certain small lenders who want to extend
loans with debt-to-income ratios above the 43% qualifiedmortgage
threshold
is just one part of the Consumer
Financial
Protection
Bureau's
finalized Ability-to-Repay
Rule
(ATR)
amendments.
By: Brena Swanson, HousingWire, May 29, 2013. To read the article in full,
please visit: http://www.housingwire.com/news/2013/05/29/cfpb-finalizesability-repay-amendments
u.s. senatoRs aIm foR BIll to RePlace fannIe
mae, fReddIe mac
A bipartisan group of U.S. senators hopes to introduce a
bill in the coming weeks to overhaul the housing finance
system and wind down government-run Fannie Mae and
Freddie Mac, people familiar with the matter said.
By: Margaret Chadbourn, Reuters, May 30, 2013. To read the article in
full, please visit: http://in.reuters.com/article/2013/05/29/usa-fanniefreddie-idINL2N0EA1TB20130529
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