Monthly Archives: January 2015

Realtors® Applaud Six-Year Reauthorization of Federal Terrorism Risk Insurance Program

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WASHINGTON (January 8, 2015) – The following is a statement by National Association of Realtors® President Chris Polychron:

“Realtors® applaud the U.S. House of Representatives and U.S. Senate for prioritizing the reauthorization of the federal terrorism risk insurance program and quickly passing the Terrorism Risk Insurance Act, which authorizes the program for six… Read More

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Realtors® Laud President’s Action to Lower Cost Prohibitive FHA Insurance Premiums

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PHOENIX (January 8, 2015) –

The following is a statement by National Association of Realtors® President Chris Polychron:

“The National Association of Realtors® applauds new policy initiatives announced today by President Barack Obama that will enable more first-time and underserved homebuyers to enter the housing market while preserving strong underwriting standards and protecting taxpayers… Read More

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C.A.R. applauds lower FHA mortgage insurance premiums

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For release:
January 8, 2015

CALIFORNIA REALTORS® applaud lowering of FHA mortgage insurance premium

LOS ANGELES (Jan. 8) – The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today issued the following statement in response to President Obama’s upcoming announcement to cut the Federal Housing Administration’s (FHA) mortgage insurance premiums by 50 basis points.

"Reducing FHA mortgage insurance premiums will make it easier for hundreds of thousands of home buyers to get a mortgage and provide greater access to homeownership for historically underserved groups and credit worthy families," said C.A.R. President Chris Kutzkey. "Moreover, this shift in policy will also increase the volume of borrowers using FHA-backed loans, while continuing to contribute to the solvency of FHA’s Mutual Mortgage Insurance (MMI) Fund and making the dream of homeownership a reality for millions more Americans."

The NATIONAL ASSOCIATION OF REALTORS® (NAR) estimates that in 2013, nearly 400,000 creditworthy borrowers were priced out of the housing market because of high FHA insurance premiums. Over the past four years, the share of first-time home buyers using FHA-backed loans shrank from 56 percent to 39 percent.

Leading the way…® in California real estate for more than 100 years, the CALIFORNIA ASSOCIATION OF REALTORS® (www.car.org) is one of the largest state trade organizations in the United States, with more than 165,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.

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Realtors® Applaud House Reauthorization of Federal Terrorism Risk Insurance Program, Call on Senate for Immediate Action

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WASHINGTON (January 7, 2015) –

The following is a statement by National Association of Realtors® President Chris Polychron:

“Realtors® applaud the U.S. House of Representatives for prioritizing the reauthorization of the federal terrorism risk insurance program and quickly passing the Terrorism Risk Insurance Act, which authorizes the program for six years. The program… Read More

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Stronger Economy, Solid Job Growth Expected to Boost Home Sales in 2015

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WASHINGTON (January 7, 2015) – Existing-home sales are forecasted to rise about 7 percent in 2015 behind a strengthening economy, solid job gains and a healthy increase in home prices, according to National Association of Realtors® Chief Economist Lawrence Yun in a newly-released video on his 2015 housing market expectations.

In the NAR-published video, Yun discusses his expectations for the U.S. economy and housing market in 2015 and… Read More

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