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News

CFPB Issues Mortgage Toolkit
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.
Your Home Loan Toolkit

Balance Needed between Regulation and Opportunity in Housing Market, Say Economists, Policy Experts
The nation’s leading housing economists spoke today at an economic and policy forum to appraise the state of the U.S. housing market.  Read more...

Fannie Mae Announces Assistance Program
On April 14, 2015, Fannie Mae announced a new program that offers 3% in closing costs assistance for first time homebuyers that purchase Fannie Mae REO properties.  To qualify, borrowers must complete Fannie Mae's online homebuyer education program, must be owner occupants, and have not owned a home in the past three years.

Agents must request the funds in the purchase contract, and once the purchase is complete, Fannie will also reimburse the $75 charged to take the course. Agents can find more information and contract language on Fannie Mae's HomePath website.
HomePath Website

Upcoming Events/Classes


Goodbye HUD-1! 

CFPB Changes Are Coming - Are You Ready?

 

The Consumer Financial Protection Bureau has made sweeping changes to the loan disclosures and have replaced the Truth in Lending and HUD-1 forms with completely new disclosures. These changes will have wide reaching implications to the real estate, lending and title industries and will change how settlements are conducted.

 

Did you miss the training in Kokomo and Marion...
RACI will be hosting an additional training session to cover the CFPB changes.

 

LOGANSPORT
The Community Room (150)

Ivy Tech Campus - Logansport

Wednesday, May 6th
9:00 a.m. - 11:30 a.m

$10 per person - includes Continental breakfast

Please make a reservation to Renee@RACI.org

REALTOR members and Affiliates are encouraged to attend.  Course is eligible for 2 hours CE for real estate licensees. 




May Networking Meetings
Special Guest Speaker to cover the CFPB Changes 
with question and answer segment

Wabash County
Tuesday, May 5th at 9:30 a.m.
Charley Creek Inn

Grant County
Tuesday, May 5th at 11:30 a.m.
Meshingomesia Social Club

Miami County
Thursday, May 7th at 11:30 a.m.
The Firehouse

Howard/Tipton Counties
Friday, May 8th at 11:30 a.m.
Kokomo Country Club

Reservation required. 
Make a reservation to Renee@RACI.org 
$8.00 per person, payable at the door.

12 Hours of Continuing Education

$99
 per session
Day 1: 8:00 a.m. - 5:00 p.m.
Day 2: 8:00 a.m. - Noon

 

June 3 & 4

Inventrek Technology Park 
700 E Firmin, Kokomo

RECP 1 logo  

Register through RECP at www.RECP.org or 

Call 800-742-4067 

12 hours of continuing education must be completed by 6-30-15.

 

All REALTORS must take 12 hours of continuing education every year.

 

Day two course is approved for 4 mandatory hours for Managing Brokers


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Market Statistics

IAR has released the

March Market Reports and Statistics

 Statewide Housing

Press Release
 Market Overviews

(monthly indicators)

Sortable County Tables

One Month & Year-to-Date

 Trailing 3 and 12 months

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Member Benefits

Designed with you in mind, the REALTOR Benefits® Program is your official member benefits resource, bringing you discounts and unique offers on products and services just for REALTORS®.

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SentriSmart App
Manage your lockboxes with your mobile device.
  • Open lockboxes with your smartphone or tablet 
  • No need to update keycard every 3 days for showings
  • Automatic listing Assignments if the box hasn't been assigned to a property
  • Instant showing notifications 

 

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New Member Benefit

Everything you want to know about a property is here in one place, along with some easy to generate, attractive and comprehensive reports for buyers and sellers.

The RPR training webinar has been recorded and may be accessed here.

National Association of REALTORS®
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1620 East Hoffer Street | Kokomo, Indiana 46902| Phone: (765) 457-0089 | Fax: (765) 457-0096 | Email: info@raci.org
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