Housing Opportunity Resources

Housing Opportunity Resources

Fannie Mae Offers New Closing Cost Assistance and Appliance Incentive for Homebuyers
Fannie Mae is offering a 3.5% incentive for buyers who purchase and close on a Fannie Mae-owned home between January 28 and April 30, 2010. Buyers purchasing properties listed on HomePath.com that are closed within this period may receive up to 3.5% of the final sales price for closing costs; the purchase of new Whirlpool® appliances by Fannie Mae; or a mix of closing costs and appliances, at the buyer’s discretion, up to the maximum 3.5%. Read the details.

Will Federal Short-Sale Rules Speed Deals?
Lenders have until April 5 to implement procedures for complying with federal short-sale guidelines released in November. In an interview with REALTOR® Magazine, NAR Managing Director of Regulatory Policy Jeff Lischer walks your members through the new rules and the forms that go with them, and shares his assessment of what their impact could be. Watch the video.

The Basics: Short Sales
Stay up to date on the latest federal short sales guidance and forms under the new Home Affordable Foreclosure Alternatives Program (HAFA), which provides financial incentives to servicers, borrowers, and investors for a closed short sale or a deed-in-lieu of foreclosure. Read “The Basics” now.

Local Market Reports Video
The Local Market Reports provide insights into the fundamentals and direction of the nation’s largest metropolitan housing markets. In this short video, economist Ken Fears discusses the contents of the Reports, explains what data is included and why it is relevant to you and your market. The reports themselves, which reflect data from the third quarter of 2009, evaluates a number of factors affecting home prices.

2009 State Residential Mortgage Foreclosure Laws
Highlights legislation enacted by states in 2009 to prevent and mitigate foreclosures. Read the National Governors Association’s Report.