CFPB Issues Mortgage Toolkit
(Via NAR) As part of their obligations under the Real Estate Settlment Procedures Act (RESPA) and the Dodd-Frank Wall Street Reform and Consumer Protection Act the Consumer Financial Protection Bureau issued an updated "Special Information Booklet" which is now known as the "Your Home Loan Toolkit." The toolkit attempts to modernize and simplify the information presented to consumers and is designed to work better with the new forms and processes under RESPA/TILA harmonization that go into effect on August 1, 2015. Download the toolkit at the link below.
Your Home Loan Toolkit
Realtors® Reaffirm Pledge to Uphold Fair Housing Laws
Silver City, April 1, 2015 As outspoken supporters for fair housing issues and homeownership, the Silver City Regional Association of Realtors will join the nation as it honors Fair Housing Month this April. For over 100 years Realtors® have promoted and protected the dream of property ownership for millions of Americans and strongly support the Fair Housing Act.
April 2015 marks the 47th anniversary of the 1968 landmark Fair Housing Act. Each year REALTORS® recognize the significance of this event and reconfirm our commitment to upholding fair housing law as well as our commitment to offering equal professional service to all in their search for real property.
“As leading advocates for homeownership, Realtors® strive to promote inclusion, diversity and fairness in today’s housing industry,” said Kim Clark, Association Executive. “Realtors® work hard to build communities and an environment where everyone, regardless of race, color, religion, sex or disability can choose where they want to live. It is important to take time to recognize Fair Housing Month in order to promote awareness about fair housing laws.”
The Silver City Regional Association of Realtors members recently participated in the Grant County Home & Garden Expo coordinating with the Grant County Community Health Council, the Southwest New Mexico Council of Governments and the Town of Silver City to provide Fair Housing information to the public. The Association also partnered with the Town of Silver City to adopt a Fair Housing proclamation at the Council meeting on March 24. The Grant County Commission at their meeting on March 26 also resolved to support Fair Housing in Grant County by proclaiming April as Fair Housing Month.
Through the years the National Association of Realtors® has also developed education on diversity and fair housing laws for its Realtor® members. Those programs and resources have helped educate Realtors® across the country on the importance of inclusive housing practices and the promotion of diverse homeownership.
“SCRAR has implemented fair housing programs and resources for its members because Realtors® believe homeownership is an investment in everyone’s future,” said Clark. “This month Realtors® reconfirm our pledge to protect home buyers and sellers and diverse and thriving American communities.”
Fair Housing Month Proclamation: The Grant County Commissioners declared April as Fair Housing Month. April 11, 2015 marks the 47th anniversary of the passage of the U.S.Housing Law, Title VIII of the Civil Rights Act of 1968.
(Pictured are L to R. Commissioner Ramos, REALTOR® Linda Pecotte, Association Executive Kim Clark, Commission Chair Kasten, REALTOR® Pat Fell, Commissioner Hall, REALTOR® Cissy McAndrew)
Strategic Planning: The AOR and MLS Boards recently met in a work session with Donna Reynolds to set their 3-year strategic plan.
(Pictured are the Association and MLS Boards of Directors along with Association Executive Kim Clark and Strategic Planner Donna Reynolds)
2014 Year-End Statistics for SCRAR and the MLS: December Month End Report - 2014 by Quarter - Sold Market Analysis Year-End Totals - 2014 Firm Ranking - 2014 Broker Ranking.
Congratulations to Robin Thomas, Associate Broker at Prudential Silver City Properties for being awarded the 2014 REALTOR® of the Year award by her peers. She has served in all positions on the Silver City Regional Association of REALTORS® Multiple Listing Service Board of Directors. Robin's passion is to serve her clients and customers in the Mimbres, Silver City and surrounding areas.
Also, recognized were Mischa Larish of One Stop Realty - Southwest as the Rookie of the Year and Mike Rowse - Farm Bureau Financial Services as the Affiliate of the Year.
Housing Expectations for 2015.
The information in this infographic comes from a video of NAR Chief Economist Lawrence Yun talking about his 2015 housing market expectations. He expects existing-home sales to rise about 7 percent in 2015 behind a strengthening economy, solid job gains and a healthy increase in home prices.
About the New Mexico Real Estate Commission.
The New Mexico Real Estate Commission was created by state law in 1959 and charged with enforcing the Real Estate License Law and the Real Estate Commission Rules. The mission of the New Mexico Real Estate Commission is to protect the public and enhance the professional competence of real estate brokers. The Commission's primary responsibilities include issuing and renewing real estate broker's licenses, establishment and enforcement of pre and continuing education requirements, certification of providers of education, investigation and adjudication of consumer and Commission rules and education of consumers and brokers about the NM Real Estate License Law. Click here to read the NMREC frequently asked questions document. - NM License Law and Commission Rules.