Site menu:


Tell us about your real estate announcement...

Email »

Last Updated:
June 08, 2011

Other Real Estate News

Downpayment Requirements Under Qualified Residential Mortgage (QRM)


The FDIC, among 6 federal regulators, are working on a proposed rule under the Dodd-Frank Act that requires all banks to carry 5% of their risk on their books unless the mortgage loan is a Qualified Residential Mortgage (QRM). The guidelines for a QRM are being determined now as the regulators work on a proposed rule. The most contentious portion of that rule is what percentage of a downpayment will be required under a QRM. Community Banks want 10%, Citi and Bank of America want 20-30% and Wells Fargo wants 30%. The general feeling right now is that 20% is the target number. NAR is gravely concerned about this proposed rule because it will make homeownership for only the rich. This requirement could take an average family 14 years to save enough money for a down payment. NAR is running a call-to-action on the QRM right now. If you have not participated, please take 5 minutes to click and send! It's easy and will make a big difference in your business!

High Cost FHA Loan Limits Expiring This Year

The FHA loan limits of $729,750 in high cost areas are also at risk this year. These loan limits are set to expire on September 30th, 2011. This is a tough battle with a tough road ahead. The FHA told Senator Bennet's office earlier this year that they don't beleive these loans will be extended. If they are not, loans across the nation, even in lower cost areas, will be automatically cut by 15%. In high cost areas, this could mean loan limits of $625,000.


Reform of Fannie Mae & Freddie Mac

With the collapse of the mortgage industry a few years ago, legislators are still reeling, and trying to determine what caused the collapse, and what needs work. Reform of the Government Sponsored Entities (GSE), Fannie Mae and Freddie Mac, are a top priority for Congress. Three options are being considered: completely privatizing Fannie and Freddie, keeping Fannie and Freddie just for times of economic crisis, or a comprehensive restructuring of Fannie Mae and Freddie Mac. NAR is supporting the third option, to keep and improve Fannie and Freddie. Without Fannie and Freddie, access to capital would be extremely limited.  GSE reform will take 2-5 years to complete. 

  1. Home Equity Loan : Find the home you deserve.
  2. buy cheap car insurance : Get Home insurance quickly with Car Insurance Rates!
  3. Kwan Tong car rental : When it comes to having the most wonderful experience with travelling around the places, then the best way is to have a comfortable journey. Having car rentals from the Hong Kong Cars Rental is the best way out.
  4. Equity Release : Equity release on property is a prime retirement solution for the aged and retired owners of residential properties. They can unlock the equity fund of their homes to release money for their use in old age. visit us to know how to avail equity release schemes.
  5. Hard money : For real estate investors, hard money from the house of becomes quite a personalised option when it comes to raising funds. As opposed to bank loan, it involves less complications and offers more benefits.
  6. Mail fulfilment : Mailing fulfillment is a part of our online customer service solution service. We handle the mail from clients and reply to them with detailed specifications on products for you. At, opt for our mail fulfillment service and make the most of your time in other fields.
  7. Fixed annuity : The fixed annuity is the fittest proposal for those who are conservative about taking risk in the stock market. if you are willing to stay on the safest side to avert risk, avail our fixed annuity offer that will ooze the fixed level of interest for the specified period.
  8. Annuity : Annuity will provide a myriad of options to spurt out additional income to satisfy as per your needs. Our experts will help and guide you to choose the best offer that perfectly suits your requirements.
  9. Cheap auto insurance : It is not easy to get a cheap auto insurance that requires you to make small monthly payments. It will pay for any damage to or repair of your car. At Sunsetplazains, you will get access to many insurance providers and their policies.
  10. Downtown Orlando Real Estate : Search our Orlando Florida web site for all your housing needs. There are many attractions and styles for everyones taste.
  11. Brampton Real Estate : Actions speak louder then words. So rather then just tell you about my success rate I think it's better if you see for yourself.
  12. Visit Romania : The Official Romania Travel Guide: Cheap Flights, Hotels, Booking. Romania Tours, Guides, Pictures, Maps, Destinations, Weather, People.