Fannie Mae and Freddie Mac Clarify Seller-Paid Financing Rules

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A Message from Ken Fears, NAR Director of Conventional Finance and Valuation Policy: Earlier this week, both Fannie Mae (opens in new window) and Freddie Mac (opens in new window) published explicit confirmations that buyers whose agent is compensated by the seller will continue to have access to financing through those institutions.  Furthermore, so long as it remains “customary” for the seller to pay …

Residential Façade Improvement Grant Program Aims to Enhance Housing Stock in Terrytown

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Republished with permission from JEDCO (original). (TERRYTOWN, La) – The Jefferson Parish Economic Development Commission (JEDCO), in partnership with Jefferson Parish, Jefferson Parish Finance Authority (JPFA), and the New Orleans Education League of the Construction Industry (NOEL), launched a new grant program designed to spruce up the exterior appearance of area homes to make the community more attractive to incoming …

REALTORS® Relief Fund

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Our hearts go out to those who have suffered damage from the recent storm system which devastated communities across our service area, particularly in eastern St. Tammany Parish. The Louisiana REALTORS® Relief Fund, established in 2005 as a 501(c)3 non-profit corporation, is dedicated to providing financial assistance to REALTOR® members and the consumers they serve in times of natural or …

NOMAR President Craig Mirambell in front of a picture of the ten parish region of the NOMAR service area . The text reads 2023 HOUSING MARKET jefferson Orleans Plaquemines st. bernard St. charles st. james st. john st. tammany tangipahoa washington parishes"

NOMAR President to Speak at the 2024 Economic Outlook and Real Estate Forecast Seminar for New Orleans at UNO

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On Tuesday, April 9, 2024, NOMAR President Craig Mirambell will dive into an analysis of the residential real estate market at the University of New Orleans 2024 Dr. Ivan Miestchovich Economic Outlook & Real Estate Forecasts. Plus, other regional and industry leaders will discuss the metropolitan New Orleans economy and real estate markets. NOMAR is proud to be a 9-year partner …

LACDB.com New Platform Training

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Learn the new Moody’s CRE platform! NOMAR members who join the Commercial Investment Division receive discounted access to the Louisiana Commercial Database (LACDB), which is transitioning to a new software platform. LACDB’s partnership with Catylist provides wide-ranging research, robust prospecting information, and a suite of reporting and marketing tools. Trainings will be held in the 3rd floor classroom at the …

A Journey Through Fair Housing History

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April 11th will mark the 56th anniversary of the passage of the landmark Fair Housing Act, which prohibited discrimination concerning the sale, rental, and financing of housing based on race, religion, national origin, and, as amended, sex, handicap, and family status. The legislation was a significant step forward in the ongoing struggle for civil rights and equality, forming a foundation …

NAR and MBA Urge GSEs and Regulators to Confirm Support for Buyer Financing

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By Ken Fears This article originally appeared in the March 27, 2024 NAR Washington Report here. The National Association of REALTORS® (NAR) along with the Mortgage Bankers Association (MBA) sent a letter to the Federal Housing Finance Agency, Federal Housing Authority, Fannie Mae, and Freddie Mac seeking confirmation that homebuyers will continue to have access to mortgage credit after the proposed …

NAR Submits Comments to Department of Veterans Affairs on Allowable Fees

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By Jeremy Green This article originally appeared in the March 27, 2024 NAR Washington Report here. The National Association of REALTORS® (NAR) submitted a letter to the Department of Veterans Affairs (VA), urging them to revise its policies pertaining to fees veterans cannot pay when using their VA home loan benefit. Under VA policies, veterans using the home loan benefit are prohibited …

All About Paragon Connect

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Paragon Connect will be available April 1, 2024 for certain brokerages that have elected to convert from Matrix. The platform offers one seamless experience for your day-to-day work – whether you’re on the go, at your desk or anywhere in between. This mobile-first MLS system was built to work on all devices. You can manage it all from your phone, …