Income to Qualify for Mortgage Well Below U.S. Median

The amount of income needed to qualify for a mortgage is well below the median income in most parts of the U.S., according to NAR data. NAR found that the national median family income was $61,000 in the first quarter. If a buyer wanted to purchase a home at the...

CAR 2012 Consumer Advertising Campaign Now Airing

The CALIFORNIA ASSOCIATION OF REALTORS®’ 2012 consumer advertising campaign, “California REALTORS®. Champions of Home,” may now be seen or heard across California on TV, radio, and online. The campaign continues to raise awareness of the REALTOR® brand and reinforce...

CAR Fights Fraud with New Video PSAs

In response to reports of increasing mortgage fraud, C.A.R. has created public service announcements (PSAs) to educate homeowners and warn consumers about the risks of being scammed by third parties, such as those that promise loan modifications for an up-front fee,...

FHA Webinars for REALTORS

FHA, through its National Servicing Center, is looking to close the education and communication gap between FHA servicers and real estate professionals to aid FHA borrowers in the preforeclosure process (otherwise known as the short sale). The webinars are designed...