Free Webinar 2 p.m. Central Time Thursday, Aug. 26, 2010
President Obama in mid-July signed sweeping financial services reform into law. The 2,300-page law creates an oversight agency for financial services companies and a consumer financial protection bureau. Learn many of the details, and how they impact real estate, in a free webinar August 26 - register here.
The new law also includes provisions to curb risky mortgage lending. Among other things, it puts restrictions on lenders' use of yield-spread premiums and requires them to verify that borrowers have the ability to repay their loans. These and other changes will have the effect of making plain vanilla mortgage loans more attractive.
Other changes, including to appraiser selection rules, impact residential real estate.
In this free August "Hot Topics" webinar from REALTOR® Magazine, NAR Government Affairs analysts will walk you through the relevant provisions in the new law.
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