GBRAR Celebrates the REALTOR® Spirit of its members!
The 2016 GBRAR Installation & Awards Banquet will be held January 21, 2016 at Ashley Manor in Baton Rouge.
Registration if FULL!
2016 officers and directors will be installed at the event.
Tiffany Palmer, 2016 President
Ginger Maulden, President-Elect
Kyle Petersen, Secretary-Treasurer
Awards will also be given to members recognized for their outstanding service in 2014.
On Thursday, October 22, 2015, the House of Representatives Transportation and Infrastructure Committee began consideration on the surface transportation reauthorization legislation.
One proposal would use Fannie Mae and Freddie Mac’s credit risk guarantee fees (g-fees) to fund transportation programs.
What is a Guarantee Fee (G-Fee)?
GSE guarantee fees are charged by Freddie Mac and Fannie Mae to lenders for bundling, selling, and guaranteeing the payment of principal and interest on their Mortgage Backed Securities. These fees are passed on to mortgage seekers by the lender and add to the cost of obtaining a mortgage.
NAR strongly believes that taking g-fees would also prevent Fannie Mae and Freddie Mac from effectively managing their risk.
Take action now to prevent Congress from placing an unnecessary long-term burden on American homeowners!
Due to the merger of the Real Estate Settlement Procedures Act and the Truth in Lending Act, two new forms are emerging. The Loan Estimate and the Closing Disclosure will replace the HUD-1 settlement and the Good Faith Estimate forms. You can access the new forms, and other materials to help you get accustomed to all these changes to your industry on the CFPB website.
Recently, NAR hosted a webcast explaining the changes to REALTORS® in Louisiana, Florida, and Washington. You can watch a recording of the webcast featuring attorney Phil Schulman and NAR Senior Counsel Finley Maxon online.