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Jul 14, 2021
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started 8 hours ago, Melanie Barker (2 replies)
Meeting: July 8th, Office of Single-Family Housing for FHA, Julienne Joseph, Deputy Assistant Secretary external link to thread view
1. Hello Fellow Directors and Members: On… Melanie Barker
2. Excellent opportunity to make some positive… Jeanne Radsick
3. Excellent team effort in bringing these key… Larry Black
started 15 hours ago, Marianne Bartlett (0 replies)
Ballot external link to thread view
4. I was searching nar.realtor and not able to find… Marianne Bartlett
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1. Meeting: July 8th, Office of Single-Family Housing for FHA, Julienne Joseph, Deputy Assistant Secretary
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Melanie Barker
Jul 14, 2021 5:27 PM
Melanie Barker
Hello Fellow Directors and Members:
On Wednesday July 8th, the NAR Chairs of the Federal Financing and Housing Policy Committee, the Chairs of the Public Policy Coordination Committee, and the Public and Federal Issues Liaison, met with the recently appointed Julienne Joseph, Deputy Assistant Secretary, Office of Single-Family Housing for FHA.
We engaged on many various matters involving HUD/FHA loans and programs. We brought up concerns with sellers refusing to entertain offers from FHA borrowers, the anti-flip rule, and the limited housing supply facing the country. Specific areas highlighted included sellers’ belief that FHA minimum property requirements are overly restrictive, FHA appraisals will take longer and are less likely to support the contract price, and the idea that FHA borrowers are not as reliable as those using other types of financing. DAS Joseph assured us that FHA is very aware of these issues and wants to rectify many of these problems. FHA stressed that feedback from REALTORS® is key to their understanding of how things are working in day-to-day transactions. FHA would like to improve communication and address misconceptions as it relates to FHA loans and borrowers and hopes REALTORS® can be a part of the solution and be collaborative partners.
FHA is also actively looking to improve the 203K loan program, including assessment of the current limits in regards to 203K contractors and potentially expanding what can be done under the 203K, with a particular focus on energy and climate related updates. DAS Joseph has direct experience in 203k loans from her previous life as a mortgage broker, and she encouraged continued dialogue to seek effective solutions.
They are also actively engaged in the inter-agency task force on appraisals President Biden announced in June. Currently, conversations are within the agencies and focused on developing key principles, but they intend to begin engaging outside stakeholders once those principles are set. In terms of the health of FHA, due to the current foreclosure moratorium available to homeowners they have not suffered many losses. They are waiting to see what happens when the moratorium ends before making any changes related to the FHA premiums.
We felt is was a good, productive introductory meeting with DAS Joseph and we look forward to working with her and her staff.
Melanie Barker
Chair
Federal Financing and Housing Policy Committee
——————————
Melanie Barker
Gemini Real Estate Group
Oakhurst CA
559-642-7271
——————————
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2. Re: Meeting: July 8th, Office of Single-Family Housing for FHA, Julienne Joseph, Deputy Assistant Secretary
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Jeanne Radsick
Jul 14, 2021 7:04 PM
Jeanne Radsick
Excellent opportunity to make some positive recommendations. Thank you for the report.
Jeanne
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——————————————-
Original Message:
Sent: 7/14/2021 6:27:00 PM
From: Melanie Barker
Subject: Meeting: July 8th, Office of Single-Family Housing for FHA, Julienne Joseph, Deputy Assistant Secretary
Hello Fellow Directors and Members:
On Wednesday July 8th, the NAR Chairs of the Federal Financing and Housing Policy Committee, the Chairs of the Public Policy Coordination Committee, and the Public and Federal Issues Liaison, met with the recently appointed Julienne Joseph, Deputy Assistant Secretary, Office of Single-Family Housing for FHA.
We engaged on many various matters involving HUD/FHA loans and programs. We brought up concerns with sellers refusing to entertain offers from FHA borrowers, the anti-flip rule, and the limited housing supply facing the country. Specific areas highlighted included sellers’ belief that FHA minimum property requirements are overly restrictive, FHA appraisals will take longer and are less likely to support the contract price, and the idea that FHA borrowers are not as reliable as those using other types of financing. DAS Joseph assured us that FHA is very aware of these issues and wants to rectify many of these problems. FHA stressed that feedback from REALTORS® is key to their understanding of how things are working in day-to-day transactions. FHA would like to improve communication and address misconceptions as it relates to FHA loans and borrowers and hopes REALTORS® can be a part of the solution and be collaborative partners.
FHA is also actively looking to improve the 203K loan program, including assessment of the current limits in regards to 203K contractors and potentially expanding what can be done under the 203K, with a particular focus on energy and climate related updates. DAS Joseph has direct experience in 203k loans from her previous life as a mortgage broker, and she encouraged continued dialogue to seek effective solutions.
They are also actively engaged in the inter-agency task force on appraisals President Biden announced in June. Currently, conversations are within the agencies and focused on developing key principles, but they intend to begin engaging outside stakeholders once those principles are set. In terms of the health of FHA, due to the current foreclosure moratorium available to homeowners they have not suffered many losses. They are waiting to see what happens when the moratorium ends before making any changes related to the FHA premiums.
We felt is was a good, productive introductory meeting with DAS Joseph and we look forward to working with her and her staff.
Melanie Barker
Chair
Federal Financing and Housing Policy Committee
——————————
Melanie Barker
Gemini Real Estate Group
Oakhurst CA
559-642-7271
——————————
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3. Re: Meeting: July 8th, Office of Single-Family Housing for FHA, Julienne Joseph, Deputy Assistant Secretary
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Larry Black
Jul 14, 2021 7:59 PM
Larry Black
Excellent team effort in bringing these key issues to the forefront in effort to increase the housing supply, affordability & to benefit the consumer. Cheers to you all.
——————————
LARRY BLACK, NAR Director
2018 CHAIR CONVENTIONAL FINANCE & POLICY COMMITTEE
HERITAGE REAL ESTATE GROUP
REAL ESTATE BROKER, 00674504
NMLS #276709
CHINO HILLS, CA 91709
951-312-4609
——————————
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——————————————-
Original Message:
Sent: 07-14-2021 05:27 PM
From: Melanie Barker
Subject: Meeting: July 8th, Office of Single-Family Housing for FHA, Julienne Joseph, Deputy Assistant Secretary
Hello Fellow Directors and Members:
On Wednesday July 8th, the NAR Chairs of the Federal Financing and Housing Policy Committee, the Chairs of the Public Policy Coordination Committee, and the Public and Federal Issues Liaison, met with the recently appointed Julienne Joseph, Deputy Assistant Secretary, Office of Single-Family Housing for FHA.
We engaged on many various matters involving HUD/FHA loans and programs. We brought up concerns with sellers refusing to entertain offers from FHA borrowers, the anti-flip rule, and the limited housing supply facing the country. Specific areas highlighted included sellers’ belief that FHA minimum property requirements are overly restrictive, FHA appraisals will take longer and are less likely to support the contract price, and the idea that FHA borrowers are not as reliable as those using other types of financing. DAS Joseph assured us that FHA is very aware of these issues and wants to rectify many of these problems. FHA stressed that feedback from REALTORS® is key to their understanding of how things are working in day-to-day transactions. FHA would like to improve communication and address misconceptions as it relates to FHA loans and borrowers and hopes REALTORS® can be a part of the solution and be collaborative partners.
FHA is also actively looking to improve the 203K loan program, including assessment of the current limits in regards to 203K contractors and potentially expanding what can be done under the 203K, with a particular focus on energy and climate related updates. DAS Joseph has direct experience in 203k loans from her previous life as a mortgage broker, and she encouraged continued dialogue to seek effective solutions.
They are also actively engaged in the inter-agency task force on appraisals President Biden announced in June. Currently, conversations are within the agencies and focused on developing key principles, but they intend to begin engaging outside stakeholders once those principles are set. In terms of the health of FHA, due to the current foreclosure moratorium available to homeowners they have not suffered many losses. They are waiting to see what happens when the moratorium ends before making any changes related to the FHA premiums.
We felt is was a good, productive introductory meeting with DAS Joseph and we look forward to working with her and her staff.
Melanie Barker
Chair
Federal Financing and Housing Policy Committee
——————————
Melanie Barker
Gemini Real Estate Group
Oakhurst CA
559-642-7271
——————————
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4. Ballot
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Marianne Bartlett
Jul 14, 2021 10:49 AM
Marianne Bartlett
I was searching nar.realtor and not able to find a sample ballot for our upcoming election,
Does anyone know where I might find one?
Thank you
Best Regards,
Marianne Bartlett, Association Executive
Kate Simmons, Office Administrator
Mountain Lakes Board of REALTORS (R)
93 Tennessee Street, Murphy, NC 28906
828.837.5297 Staff@Mtnlakesbor.com
www.MountainLakesBoardofRealtors.com
www.ncrealtors.org/business-center/#save
*Take advantage of the REALTOR® Partners Program, a program that offers discounts to North Carolina REALTORS® on business purchases with companies such as Office Depot, and Nationwide www.ncrealtors.org/save
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