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Many FHA Documents Can Now Be Signed Electronically

Many FHA Documents Can Now Be Signed Electronically

NAR Speaking of Real Estate

E-signatures promise to simplify real estate transactions quite a bit, and the industry has worked for a number of years to create standards that everyone can agree to with the aim of making them more widely used than they are today. The Federal Housing Administration gave this effort a big boost back in January when […]

 VMC

Optimize Yourself and Your Client for This Crazy Market

Optimize Yourself and Your Client for This Crazy Market

NAR Speaking of Real Estate

I write this post on what is a “holiday” for many people: President’s Day.  A three-day weekend, the most joyous of “holidays.” Meanwhile, my wife – who is now a REALTOR® in Chicago – is running around prepping for another day because three day holiday weekends only means an extra day to be with clients […]

 VMC

Mortgage Availability Tightening? QM Takes Effect Today

Mortgage Availability Tightening? QM Takes Effect Today

Qualified Mortgage (QM) Rule Increases Risk for Borrowers

NAR has been working with federal regulators since Congress in 2010 passed massive banking reform legislation, part of which created the qualified mortgage and qualified residential mortgage rules. Today is an important day in the timeline of those rules, because today is the day the qualified mortgage (QM) rule takes effect, and NAR has told […]