Voice for Real Estate 51 – Sales Peak, Rural Loans, Closing Rules Win

Home sales might have peaked, NAR says. That’s a top story in this Voice for Real Estate video.

Other stories look at NAR’s big win on condo loans now that President Obama has signed H.R. 3700 into law, the looming deadline for Sec. 502 direct rural housing loans from the federal government, which are about to run out of money.

Other stories look at the impact residential loan rules from 2010 are having on commercial loan processing, the Treasury’s expansion of its money laundering program involving real estate, and NAR’s win as the CFPB tells lenders and settlement agents it’s OK for them to share the closing document with agents.

REALTOR Magazine Discusses The New Closing Rules

REALTORĀ® Magazine presented a live webcast on July 16, 2015, to help real estate professionals understand the changes to the closing process that are scheduled to go into effect later this year. The program featured attorney Phil Schulman, a partner with K&L Gates and former official with the U.S. Department of Housing and Urban Development who specializes in federal closing rules, and NAR Senior Counsel Finley Maxson.