X
                        RISMedia's ACE
Search
Exact matches only
Search in title
Search in content
Search in comments
Search in excerpt
Filter by Custom Post Type
{ "homeurl": "http://rismedia.com/", "resultstype": "vertical", "resultsposition": "hover", "itemscount": 4, "imagewidth": 70, "imageheight": 70, "resultitemheight": "auto", "showauthor": 0, "showdate": 0, "showdescription": 1, "charcount": 3, "noresultstext": "No results!", "didyoumeantext": "Did you mean:", "defaultImage": "http://rismedia.com/wp-content/plugins/ajax-search-pro/img/default.jpg", "highlight": 0, "highlightwholewords": 1, "openToBlank": 0, "scrollToResults": 0, "resultareaclickable": 1, "autocomplete": { "enabled": 1, "googleOnly": 1, "lang": "en", "mobile": 1 }, "triggerontype": 1, "triggeronclick": 1, "triggeronreturn": 1, "triggerOnFacetChange": 1, "trigger": { "delay": 300, "autocomplete_delay": 310 }, "overridewpdefault": 0, "override_method": "post", "redirectonclick": 0, "redirectClickTo": "results_page", "redirect_on_enter": 0, "redirectEnterTo": "results_page", "redirect_url": "?s={phrase}", "settingsimagepos": "left", "settingsVisible": 0, "hresulthidedesc": "0", "prescontainerheight": "400px", "pshowsubtitle": "0", "pshowdesc": "1", "closeOnDocClick": 1, "iifNoImage": "description", "iiRows": 2, "iiGutter": 5, "iitemsWidth": 200, "iitemsHeight": 200, "iishowOverlay": 1, "iiblurOverlay": 1, "iihideContent": 1, "loaderLocation": "auto", "analytics": 0, "analyticsString": "", "show_more": { "url": "?s={phrase}", "action": "ajax" }, "mobile": { "trigger_on_type": 1, "trigger_on_click": 1, "hide_keyboard": 0 }, "compact": { "enabled": 1, "width": "200px", "closeOnMagnifier": 1, "closeOnDocument": 0, "position": "fixed", "overlay": 0 }, "animations": { "pc": { "settings": { "anim" : "fadedrop", "dur" : 300 }, "results" : { "anim" : "fadedrop", "dur" : 300 }, "items" : "fadeInDown" }, "mob": { "settings": { "anim" : "fadedrop", "dur" : 300 }, "results" : { "anim" : "fadedrop", "dur" : 300 }, "items" : "voidanim" } }, "autop": { "state": "disabled", "phrase": "", "count": 10 } }
Select Page

The pending rulemakings for the Qualified Mortgage and Qualified Residential Mortgage mandated by the Dodd-Frank Act, and the Federal Reserve’s recently proposed Basel III international capital standards, have the potential to severely tighten an already rigid credit market, as well as reduce mortgage provider choice. These key pieces of unfinished business from the Dodd-Frank Act are leaving industry professionals unclear on mortgage origination requirements, and could lead to unavoidably higher costs for homebuyers. In fact, according to Ken Trepeta, director of the Real Estate Services for the National Association of REALTORS®, the “trifecta” of QM, QRM and Basel III could very well be a knock-out punch to housing finance if the correct standards are not implemented.

“It is unfortunate that four years since the Fannie and Freddie conservatorships and over two years since Dodd-Frank, we still do not have a ‘QM’ or qualified mortgage definition to define permissible lending in this country, and from my perspective an equally important ‘QRM’ or qualified residential mortgage defining a high quality mortgage for securitization that would be exempt from risk retention. What we need are clear, transparent, understandable rules of the road that investors, lenders and consumers can abide by and depend upon,” says Trepeta.

This critical topic will be the focus of a special keynote presentation by Trepeta at RISMedia’s Real Estate CEO Exchange: “The Dodd-Frank Act – Could New Rules Derail the Housing Recovery?” Citi, a Diamond Level Sponsor of the CEO Exchange, is also sponsoring this special informational session focusing on the impact of the Dodd-Frank Act on real estate brokerages.

The session is taking place on Thursday, Sept. 6, from 11:00 a.m. – 12:00 p.m., at the Yale Club in New York City and is open to all event attendees. The CEO Exchange opens on Wednesday, Sept. 5, at 2 p.m.

During this important update for the nation’s top brokers in attendance at the CEO Exchange, Trepeta will discuss the impact of regulatory uncertainty on affordable mortgage lending in the U.S., updating industry leaders in order to help ensure that the critical rules surrounding QM, QRM and Basel III are thoughtfully constructed and facilitate access to safe, affordable mortgage credit, and move the market further along on its path to full recovery.

“We currently face a very tight lending environment,” says Trepeta. “These three rules all have the potential to seriously affect future lending. It is critical that regulators get these rules right. Not just for future homebuyers and homeowners, but for the economy in general.”

Trepeta has been director of Real Estate Services for the National Association of Realtors® since June of 2007. In this role he covers the broader real estate industry for NAR on the legislative and regulatory front and acts as liaison to senior executives at large real estate firms. Prior to this, Trepeta was the regulatory policy representative for NAR handling regulatory and industry relations on issues such as RESPA and federal housing policy including FHA. From 2005 to April 2006, Trepeta served as vice president for Government Relations at JP Morgan Chase where he covered tax policy, housing and mortgage issues, and legal reform. From 2002 to 2005, Trepeta was vice president for Government Relations at the Financial Services Forum where he led successful efforts to change the tax code with regard to capital gains and dividends and reform the nation’s class action laws.

Designed specifically for a select group of broker/owners, brand executives and real estate leaders, RISMedia’s Real Estate CEO Exchange is by exclusive invite only. Being held September 5 & 6 at the prestigious Yale Club in New York City, the event will welcome more than 100 of the most powerful and successful real estate brokerage leaders who hail from franchise brands and independent real estate firms located across the nation. These leaders will come together for this day-and-a-half-long event to exchange ideas and strategies to better meet the needs of today’s sophisticated consumer. At press time, these executives collectively employ 75,000-plus sales associates and are responsible for more than 400,000 transactions in 2011, representing approximately $125 billion in closed business.

A few spots still remain open for qualified brokers interested in attending the Real Estate CEO Exchange. Please contact Randi Vannucchi, randiv@rismedia.com, for further information.


Buying/Selling Consumer Luxury National Spotlights
Home For Sale Real Estate Sign in Front of Beautiful New House.
Existing-Home Sales Stumble in July

Slowed by frustratingly low inventory levels in many parts of the...

Growing Green House Chart Graph. Real Estate Concept 3d Render Illustration
House Prices Inch Higher but Show Signs of Deceleration

U.S. house prices rose 1.2 percent in the second quarter of 2016 according...

Drowning in debt and keeping your financial head above water represented by a piggy bank pink pig sinking in blue water as a symbol of urgent business and money management failure and defeat.
Mortgage Debt Rises, Federal Reserve Shows

According to the Household Debt and Credit Report released by the Federal Reserve...

Agent Broker Coaching Lead Gen Teams
education_tip_concept_NAR_Series.jpg
Education Insider: RPR’s Learning Site Is Blowing Our Mind

A couple weeks ago, Realtors® Property Resource (RPR) announced its brand...

A businessman on a track ready to run
Going the Extra Mile for Buyers and Sellers Alike

With a longstanding reputation in the Beaumont, Texas, marketplace, Andy Hemmings—executive...

A mixed-age group of business people working in the office
Companies Turning to ‘Reverse Mentoring’ to Tap Millennials’ Knowledge

(TNS)—Mentorship is getting turned on its head in today’s multigenerational workplace....

Agent Best Practices Branding Broker Niche
Word Cloud with Lead Generation related tags
Ask the Expert: How Much Should You Spend on Lead Generation?

Today’s “Ask the Expert” column features Arthur Darmanin, Chief Executive Officer...

Cropped shot of corporate businesspeople in the boardroom
The 4 Keys to Reproducible Results

Matthew and Janice are emerging entrepreneurs who recently went into business...

Certificate on the blue table.
Making the Most of the Resort and Second-Home Property Specialist Certification

Ryan Servatius, an associate broker with Shore Sotheby’s Realty in New...

Agent Apps/Gadgets Best Practices Broker Innovation
financial stock price
5 Ways Big Data Is Changing Real Estate

Every facet of the business world has been radically changed by...

Computer keyboard with loupe concept
Maximizing Exposure with Unique, Interactive Domains

When it comes to finding your target audience, proper listing exposure...

Silhouette of business people moving and joining pieces of jigsaw puzzle on a business and stock market  blue background, with charts, diagrams, world maps and data arranged on grid and tables. World maps showing continents and countries with economy data and growth diagrams. Light glowing from the center. Copy space on bottom.
PNC Offers Online Business Insights, Webinars and Tools for Agents

Looking for the latest real estate industry information, education and networking...

Business Insights Content Generation Marketing Trends
Nizhnevartovsk, Russia - June 12, 2013: Man hand holding iPhone 5 with Instagram App. iPhone is product Apple Inc. Instagram is an online photo-sharing and social networking service.
Visual Storytelling: Tips for Mastering the Art of Instagram

Creating and implementing a consistent social media strategy is vital for...

"Paris, France - May 27, 2012: Instagram logo on Apple iPhone display"
Instagram Is Open for Business—Find Out What This Means for Real Estate

Last week, Instagram released some major updates that could create a...

instagram_update_2
Story Time: Move Over Snapchat, Instagram Wants In

Are you using Snapchat in your real estate business? Well, you should...

Buying/Selling For Your Clients Home Improvement How-To Lifestyle
A beautifully staged modern living room within a Victoria, BC condo.
5 Dirt Cheap Home-Staging Ideas

(TNS)—We all want to make our houses look like they are...

happy family jumping together on the beach
5 Reasons to Make Family Travel a Priority

(TNS)—Whether you take advantage of last-minute travel deals or organize a...

Businessman pointing to energy efficiency rating chart and house icon concept for performance, efficiency and environmental conservation
Ask the Expert: What Should Homeowners Know about Energy Efficiency?

Today’s “Ask the Expert” column features Mark Walker, Director with NRG...

manhattan
RISMedia’s CEO Exchange

RISMedia’s 2016 Real Estate CEO Exchange September 13 & 14, 2016...

Capital Building, Washington
RISMedia’s Power Broker Forum at the NAR REALTORS® Legislative Meetings & Trade Expo

RISMedia’s Power Broker Forum at the REALTORS® Legislative Meetings & Trade Expo...

PB-annual
RISMedia’s Power Broker Forum, Reception & Dinner – Annual

RISMedia Power Broker Events 2016 Orlando, Fla. Friday, November 4, 2016...