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National Association of
Realtors Favor Veteran Loans
Feb 28, 2008
- "The National Association of Realtors®
testified today in Congress that the Veterans Home Loan Guaranty Program
should continue to be a valuable asset in helping the nation’s
veterans achieve the dream of homeownership in a way that is safe, fair
and affordable...."
"NAR cited a 2004 study that found that 82 percent of
first-time home buyers through the VA program could not qualify for a
conventional loan. The report also found that 61 percent of those
borrowers could not meet the downpayment or debt-to-income ratios
required to qualify for an FHA loan...."
"NAR urged the House Subcommittee on Veterans Affairs
to reform the Veterans Home Loan Guaranty Program so it can better serve
many more veterans. NAR asked the subcommittee to make various program
enhancements to give military families the opportunity to become
homeowners. These enhancements include increasing the VA loan limits in
high cost areas to 150 percent of conforming loan limits; easing the
refinancing requirements and restrictions for veterans, especially those
that have fallen victim to risky subprime loans; and offering permanent
authorization for the guarantee of adjustable-rate mortgages and hybrid
ARMs...."
reprinted from
Realtor.org
Minority Home Ownership
February 25,
2008 - “Homeownership
is part of the American dream,” said 2008 NAR President-elect Charles
McMillan. “As the nation’s leading advocate for housing issues, NAR
is committed to removing disparities in homeownership and making the
face of homeownership in this country look more like America.”
"According to data from the U.S.
Census Bureau, African Americans own homes at a rate much lower than
Caucasians; in the fourth quarter of 2007, 47.7 percent of Black
households owned their own home compared with 74.9 percent of
Non-Hispanic White households."
"NAR supports policies and initiatives that further minority
homeownership and has successfully partnered with organizations like the
Congressional Black Caucus Foundation (and real estate organizations
representing African American, Latino and Asian American real estate
professionals) to help raise awareness and identify and promote
solutions that address minority needs, such as foreclosure prevention,
housing counseling, and homeownership preservation."
reprinted from Realtor.org
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Protect Against Identity Theft
Identity theft strikes
everywhere, even right here in Centralia! Learn more about this
growing crime and how to protect yourself against it on a web site from
the FTC (Federal Trade Commission). click
here
The following is quoted directly from the FTC site:
"This web site is a one-stop national resource to learn about the
crime of identity theft. It provides detailed information to help you
deter, detect, and defend against identity theft.
On this site, consumers can learn how
to avoid identity theft – and learn what to do if their identity is
stolen. Businesses can learn how to help their customers deal with
identity theft, as well as how to prevent problems in the first place.
Law enforcement can get resources and learn how to help victims of
identity theft."
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