Hot Topics with Lori Levy, General Counsel/Vice President of Legal Affairs for Texas REALTORS®
Hot Topics with Lori Levy, General Counsel/Vice President of Legal Affairs for Texas REALTORS® On October 22, Lori Levy, General Counsel/Vice President of Legal Affairs for Texas REALTORS®, discussed hot topics and need to know information at CCAR’s virtual IBN & Broker/Manager event. The full webinar can be viewed here. Download the accompanying PowerPoint…Read More
Rates, COVID-19, and Forbearance – Oh My! How has Lending Changed & how does it Affect you?
Rates, COVID-19, and Forbearance – Oh My! How has Lending Changed & how does it Affect you? By Jennifer Galvan (NMLS 1646419), NXT Mortgage and Member of of CCAR’s Affiliate Committee RATES Unlike the stock market, mortgage rates can change multiple times a day. This has been a common occurrence over the last 30 days. …Read More
Added Benefits for our Veterans in 2020
Added Benefits for our Veterans in 2020 By Eric Gomez, ACE Credit Consulting and Member of CCAR’s REALTOR®/Lender Committee The Blue Water Navy (BWN) Vietnam Veterans Act of 2019 (PL 116-23) made changes to the VA Home Loan Program that exempt Purple Heart Recipients that are currently serving on active duty from the VA Home…Read More
What’s Happening on the Credit Side in Early 2020?
What’s Happening on the Credit Side in Early 2020? By Mickey Lynam (NMLS 974623), IBERIABANK Mortgage, Member of CCAR’s REALTOR®/Lender Committee “The lowest midwinter mortgage rates in history have contributed to an unusual early-year surge in home buying” (and refinancing) -MoneyWise, Feb. 3, 2020 The Highlights: During mid-January, the pace of homebuyers applying for mortgages…Read More
No More Excuses
No More Excuses By Alexandra Swan (NMLS 117371), Willow Bend Mortgage and 2019 Chair of CCAR’s REALTOR®/Lender Committee The last article of the year for the REALTOR®/Lender Committee is the responsibility of the outgoing chair. I have had this on my calendar for about 75 days with the best of intentions to finish it well…Read More
Appraisal Do’s and Don’ts
Appraisal Do’s and Don’ts By Vaughn Kerkorian of Kerkorian Residential Appraisals and Member of CCAR’s REALTOR®/Lender Committee Once the appraisal appointment has been scheduled, what can a real estate agent do to best assist their client and the appraiser without creating undue influence within the appraisal process? Do It is permissible to meet the appraiser…Read More
FHA Condo Rules Loosen and VA Loan Limits Eliminated
FHA Condo Rules Loosen and VA Loan Limits Eliminated By Tracy Walden – Thrive Mortgage, NMLS #1048123 and member of CCAR’s REALTOR®/Lender Committee FHA ISSUES NEW CONDOMINIUM APPROVAL RULE Comprehensive policy revisions include ability to approve individual units in non-approved condo projects – effective October 15, 2019 In an effort to promote affordable and sustainable…Read More
TREC Contract Changes to 40-8 and 49-1 Requires Adjustments to Lender/REALTOR® Workflow
TREC Contract Changes to 40-8 and 49-1 Requires Adjustments to Lender/REALTOR® Workflow By Dawn Ferreiro – Supreme Lending, NMLS #514152 and member of CCAR REALTOR®/Lender Committee TREC made several changes to the 1-4 Residential Single Family Contract in November of 2018. This article specifically addresses changes made to the “Third Party Financing Addendum (40-8)” article…Read More
What is FIRPTA?
What is FIRPTA? By Diane Donley, Republic Title North Coit, Member of CCAR’s Affiliate Committee FIRPTA (The Foreign Investment In Real Property Tax Act of 1980) is a tax law that may impose a tax on certain defined “foreign persons” selling U.S. real estate. It is important to determine as early in the transaction as…Read More
How Low Can You Go? The Lowest Down Payment Required for a Conventional Loan
How Low Can You Go? The Lowest Down Payment Required for a Conventional Loan By Wendell Cox, Creative Credit Solutions, Member of CCAR’s REALTOR®/Lender Committee What is the lowest percentage of down payment possible on a conventional loan? If you responded “20%” – you are with the majority. You are also incorrect. The lowest down…Read More