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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
Posted in Home Decor, Home Selling
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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
Posted in Home Decor, Home Selling
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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
Posted in General, Real Estate
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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
Posted in General, Real Estate
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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
Posted in General, Real Estate
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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
Posted in Home Decor, Home Selling
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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
Posted in General, Real Estate
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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
Posted in General, Real Estate
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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
Posted in General, Real Estate
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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
Posted in Home Decor, Home Selling
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