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REALTORConnection
 Your Internal News Broadcast October 1, 2010 |
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UPCOMING EVENTS
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WCR Annual Auction
Oct 13
5-7pm
Sam's Ristorante
Oct 21
9:30am-11:30am
National Convention
Nov 3-8
New Orleans
Nov 15
1:00pm-2:30pm
Nov 16
11:30am-1:30pm
Giovanni's
COMMITTEE MEETINGS
RPAC
Oct 5
12:00pm
Affordable Housing
Oct 7
9:30 am
Holiday Open House
Task Force
11:00am
Communication
Oct 18th
12:00pm
BOD Retreat
October 28 & 29
Grand Geneva
Education
1:00pm
C&I Committee
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AUTOMATIC PICTURE DOWNLOADS
Do you have e-mail publications in which the images do not always display? Obviously, one way to display them is to right-click on the image every time you open the e-mail. However, there is a way to easily set the settings on your publication, such as your Realtor Connection so that they display automatically when you open the e-mail. On the toolbar of your publication, click on "Actions" and then "Junk Mail" followed by "Add Sender to Safe Senders List" as well as "Add Senders Domain to Safe Senders List". |
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The real estate agent's role in property tax assessment challenges and an update on the status of the Real Estate License Act rules in regards to licensee transitions
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$1,500 Bonus to Agents for Fannie Mae REO's
Sales associates who sell a Fannie Mae-owned home by the end of hte year can get a $1,500 bonus under the company's HomePath Program. Buyers can receive an incentive, to, of up to 3.5 percent of the purchase price to help cover closing costs, including home warranty. Inventives are not available to investors. Top of Page |
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Mark Your Calendars- Paul Green Coming to Rockford
Giovanni's
The Director of School of Policy Studies at Roosevelt University, Paul Green, will be the guest speaker at the November 16th Business Luncheon being held at Giovanni's. Paul is frequently interviewed by national news organizations, is a political analyst for WGN Radio and a guest columnist for the Daily Herald among many other very presitigious national literary publications. If there is any humor in politics, Paul is the one to find it and present his viewpoint clearly.
 Register Top of Page |
Are Your Registered To Vote?
Election Day is right around the corner and the deadline to register to vote is October 5th. Click here to see if you are registered or for information on how to get registered. |
SMALL BUSINESS LOAN FUND ENACTED
Banks with assests under $10 million are eligible to apply for money through a $30 billion federal fund in a law signed by President Obama on September 27th. NAR members benefit from the fund in two ways: 1) They can apply for loans themselves as small businesses, and 2) they can facilitate transactions by helping their commercial clients learn about the loans. Banks participate voluntarily. The law also includes $12 billina in tax breaks for small businesses and makes enhancements, including larger loan amounts, to Sec. 7(a) and Sec. 504 loans guaranteed by the U.S. Small Business Administration. Details can be heard in a 6-minute video with NAR Government Affairs. |
| National Flood Insurance Extended
NAR is pleased to report that Congress has unanimously appro NAR is NAR is pleased to report that congress has approved a one-year extension, until September 30, 2011, for the National Flood Insurance Program (NFIP). The current one was due to expire on September 30th of this year.
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| FHA Announces Minimum Credit Scores
HUD has announced that effective Oct. 4, 2010, borrowers with a credit score below 500 are not eligible for FHA-insured mortgage financing. Borrowers with a credit score between 500 and 579 are limited to 90 percent LTV, which requires a 10 percent downpayment. Borrowers with a credit score of 580 or higher are eligible for maximum financing, which requires a minimum 3.5 percent downpayment. Borrowers with nontraditional credit histories may be eligible for maximum financing.
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FHA Also Announces Mortgage Insurance Premium Changes
In mortgage letter 2010-29, FHA will be increasing its annual premium and lowering its upfront premium. NAR reports, "For all traditional purchase and refinance products the upfront premium is 1 percent. On 30 year loans with a 95 percent loan-to-value ratio or lower the annual premium is .85%. On the 30 year loans with an LTV lower than 95% the premium is .90%. For all reverse mortgages, known as the Home Equity Conversion Mortgage, the upfront premium is 2% and the annual premium is 1.25%."
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| Tools For Your Marketing
NAR offers many resources to assist you in helping your customers identify the benefits of homeownership.
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| How Can You Help Bring Embry Riddle to Rockford?
Embry-Riddle Aeronautical University is searching for the site of its 3rd residential campus, and Rockford is a finalist. Showing the support of the Rockford residents will help persuade ERAU to select our community for their new 1,000-student residential campus and a flight-training program. You can play a role in facilitating this accomplishment.
- Volunteer to Solicit Signatures on Saturday, October 2nd (Meet at the Association at 10:30am)
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The Rockford Area Realtors is a regionally based professional Association, whose members are governed by the National Association of REALTORS Code of Ethics, dedicated to fulfilling the member needs by providing public advocacy, technology, education, and knowledge to enhance performance.
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The REALTOR Connection is e-mailed to members of the Rockford Area REALTORS®, featuring industry news, legal Q&A and association resources intended strictly for Association members. To change your e-mail address, send an e-mail or call us. We respect your right to privacy. The Rockford Area Realtors does not give your e-mail address to third parties.
To unsubscribe: By unsubscribing, you are directing the Association to discontinue all future Constant Contactc blast e-mails to your e-mail address. By doing so, you understand that you may not receive future information including but not limited to: education course reminders, political communication such as calls to action, member service information, etc.) To unsubscribe, see below. |
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