Mortgage

NAR Study: Accelerating Housing Costs Have Renters Feeling the Squeeze

March 2015

WASHINGTON—The gap between rental costs and household income is widening to unsustainable levels in many parts of the country, and the situation could worsen unless new home construction meaningfully rises, according to new research released on March 16th by the National Association of Realtors. NAR reviewed data on income growth, housing costs and changes in…

Significant Changes Coming to Fair Lending Rules

March 2015

This column has frequently addressed issues of fair housing. Never previously addressed is the issue of fair lending. Realtors need a clear understanding of the significant changes that will become effective on August 1, 2015 when the TILA/RESPA final rule will become effective. What is TILA and What is RESPA? TILA is the Truth in Lending…