Monthly Archives: December 2016

How to Choose the Right Paint Color

Photo courtesy: Dunn-Edwards Paints A fresh coat of paint is one of the easiest and most affordable home improvement projects to tackle prior to a home sale that can make a big difference. Sara McLean, color expert and blogger for Dunn-Edwards … Continue reading

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10 Staging Tips for Holiday Decor

By Melissa Dittmann Tracey, REALTOR(R) Magazine You don’t have to go all Clark Griswold to show your holiday spirit. Decorations can be subtle, tasteful and inviting when a house is up for sale during the holiday months. Sure, there are … Continue reading

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GSE Announce New Modification Program

On Dec. 14, 2016, the Federal Housing Finance Agency (FHFA) announced the development and implementation of Fannie Mae and Freddie Mac’s new Flex Modification program which will replace the Enterprises’ current Home Affordable Modification Program (HAMP®) which expires at the … Continue reading

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International Money Laundering Organization Issues U.S. Recommendations

The Financial Action Task Force (FATF), an inter-governmental body created to promote policies related to anti-money laundering and combating the financing of terrorism (AML/CFT), released a new report on the United States, which is one of 32 member countries pledging to implement … Continue reading

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FHFA Scorecard Includes Credit Scoring

On Dec. 15, 2016, the Federal Housing Finance Agency (FHFA) released its annual Scorecard for Fannie Mae and Freddie Mac (the government sponsored entities, or “GSEs”).  The Scorecard acts as an agenda for the GSEs by setting specific priorities for … Continue reading

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Pantone’s Nature-Inspired Pick for 2017 Color of the Year

By Melissa Dittmann Tracey, REALTOR® Magazine Adding nature, via plants, has always been a popular way to help spruce  up a home for sale. But Pantone’s 2017 choice for Color of the Year wants you using the color of nature … Continue reading

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FHA 2017 Loan Limits

On Dec. 1, 2016, the Federal Housing Administration (FHA) released its 2017 Loan Limits. In high-cost areas the FHA national loan limit "ceiling" will increase to $636,150 from $625,500. The “ceiling is set at 150 percent of the national conforming … Continue reading

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IRS Clarifies Debt Tax Relief

The Internal Revenue Service announced this week procedures designed to aid as many homeowners as possible who are facing the year-end expiration of a tax provision that excludes from income mortgage debt forgiven in connection with the Principal Reduction Modification … Continue reading

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Comment on FHA Condo Rule

On November 28, 2016, NAR submitted a comment letter to the Federal Housing Administration (FHA) regarding proposed changes to FHA Condominium certification requirements. Many of the proposed changes align with areas REALTORS® have expressed a need for more lenience and … Continue reading

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Prefab Housing: What It Really Is and Why You Should Care

Example of modular housing; Photo credit: Method Homes By Melissa Dittmann Tracey, REALTOR® Magazine Prefab housing is shaking up the architecture world, touting attention-getting designs that are giving factory-built housing a new reputation. Manufacturers are also adding in greater abilities … Continue reading

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