By Ron Phipps, 2012 NAR Immediate Past President E Pluribus Unum. Out of many, one. For many years, this has been the motto of the United States. Today, it seems to be more important than ever. As a country, we need to come together in order to thrive in the next century, rather than simply [...] Click Here To View More
19,000 REALTORS® Seize the Opportunity to Attend the 2011 REALTORS® Conference & Expo
2011 NAR President Ron Phipps opens the 2011 REALTORS® Expo in Anaheim and announced that attendance exceeds expectations for this year’s conference. brightcove.createExperiences(); Click Here To View More
National Association of Realtors President Speaks..You Need To Listen (Video)
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QRM, Required 20% Downpayments | National Association Of Realtors Responds
Realtors, in case you didn’t know it…by this time next year….nearly every home buyer will be required to put down 20% for a mortgage. What do you think that will do to this very fragile housing recovery? Nothing good, safe to say. Please pay attention to this topic and support NARs efforts to defend homeownership as part of the American Dream. Agents, be clear…if the QRM rules aren’t changed home sales will be dramatically effected as will your personal income. Brief history of QRM and a video from Realtor.org: NAR and its 44 partners concerned about the proposed qualified residential [...] Click Here To View More
Mortgage Interest Deduction: Critical to America, Posted by Ron
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Required Mortgage Down Payments Increasing | FHA Loan Limits Dropping?
Fellow REALTORS, its happening. The required down payments for all mortgages are increasing…and at the worst possible time for the housing market. Now that the new QRM (Qualified Residential Mortgage) rules are in effect…to be in full force April 2012…the debate over down payments has heated up. On one side are those who think that the required down payments for all mortgages should increase. The Republican proposal would require most FHA borrowers to put down at least 5 percent. Those who support the idea say that forcing borrowers to have more equity in their homes would better protect homeowners against [...] Click Here To View More
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