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National Association of REALTORS® News

Friday, May 27 2016 2:40 PM
  • Median REALTOR® Age Declines…The median age and years of experience of REALTORS® is decreasing as younger professionals enter the industry, according to the 2016 NAR Member Profile. The typical member reported a median of 10 years of experience in real estate, down from 12 years in last year's report, while the median REALTOR® age decreased from 57 in 2014 to 53 in 2015. News release and Infographic.

  • FHA Proposes Reverse Mort. Program Rule…The FHA has proposed a rule that would strengthen the rules governing Home Equity Conversion Mortgages (HECM), also known as reverse mortgages. Among other things, the rule would require counseling before a mortgage contract is signed, cap lifetime interest rate increases on all adjustable rate HECM loans at 5 percent, and reduce the cap on annual interest rate increases on adjustable rate HECMs from 2 percent to 1 percent. More info. For background on reverse mortgages, view a webcast on the topic that NAR hosted in April.

  • Report Examines Online Marketplace Lending…The Treasury Department has released a report detailing the benefits and risks associated with online marketplace lending, an alternative to traditional lending for small businesses looking to raise capital. Learn more and access report.

  • Voice for Real Estate: BOD Decisions…In case you missed it: The latest Voice for Real Estate news video looks at changes to core standards, a new policy on student loan debt, and other decisions made by the NAR Board of Directors at its meeting in Washington a week and a half ago. Access here.

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