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NAR Board of Directors Ratifies Changes to Standard of Practice 10-5 and Professional Standards Policy Statement 29
“NAR continually assesses and, when appropriate, amends the Code of Ethics to ensure the specific articles are clear in their language and intent, and can be enforced fairly and consistently,” said Kevin Sears, President of NAR. “Consistent with our deep commitment to upholding principles of fair housing and equal treatment for all consumers, these amendments provide clarity to our members, reduce risk for state and local associations enforcing the Code of Ethics, and bring Article 10 in line with similar requirements applied by other large trade associations.”
Mortgage Applications Decrease in Latest MBA Weekly Survey
“Most mortgage rates moved lower last week, with the 30-year fixed rate declining to 6.92 percent and staying in the 6.8 percent to 7 percent range since April," said Joel Kan, MBA’s Vice President and Deputy Chief Economist. “Mortgage applications decreased over the week but continue to exhibit annual gains, with purchase applications running 18 percent ahead of last year’s place."
Commercial and Multifamily Mortgage Delinquency Rates Increased in First-Quarter 2025
“Commercial mortgage delinquencies rose across all major capital sources in the first quarter of 2025, reflecting growing pressure on certain property sectors and loan types,” said Reggie Booker, MBA’s Associate Vice President of Commercial Real Estate Research. “While delinquency rates remain relatively low for most investor groups, the uptick in CMBS delinquencies signals heightened stress in parts of the market that lack refinancing options or other challenges.”
NAR Chief Economist Lawrence Yun Says Mortgage Rates' Fast Rise Hurt Housing Market, During REALTORS® Legislative Meetings Economic Forum
"The housing market remains very difficult at the moment, as you know," Yun told a ballroom of real estate professionals. "Part of the delay in recovery is because the Federal Reserve has changed its outlook and appears to be on pause for a longer period."
Mixed Conditions for Single-Family Construction, Apartment Boost in Smaller Metros
“Single-family housing construction moderated to start the year as economic expectations remain uncertain,” said NAHB Chairman Buddy Hughes, a home builder and developer from Lexington, N.C. “Meanwhile, multifamily output remained lackluster in high-density areas but registered strong growth in areas surrounding smaller metro centers.”
Gap Between New and Existing Home Prices Narrows, Builders Committed to Promoting Homeownership
“Home builders are committed to ensuring everyone who values homeownership has the opportunity to attain a safe, affordable home,” said NAHB Chairman Buddy Hughes, a home builder and developer from Lexington, N.C. “High construction costs and labor shortages continue to be challenges for the residential construction industry.”
Quick Links
Inside the Rise of LGBTQ+ Retirement Communities
With the arrival of June begins the start of Pride Month, an annual celebration that honors the LGBTQ+ community-and pays tribute to the 1969 Stonewall Riots in New York City, a major turning point in the gay rights movement. It is also a time to raise awareness for the discrimination that the LGBTQ+ community has faced and continues to face-particularly in housing, where finding a safe space can be a particularly complex task, especially for those later in life.

Lender Considerations in Deed-in-Lieu Transactions
When a commercial mortgage lender sets out to enforce a mortgage loan following a borrower default, a key goal is to identify the most expeditious manner in which the lender can obtain control and possession of the underlying collateral. Under the right set of circumstances, a deed in lieu of foreclosure can be a faster and more economical alternative to the long and protracted foreclosure process. This article discusses steps and issues lenders should consider when making the decision to proceed with a deed in lieu of foreclosure and how to avoid unexpected risks and challenges during and following the deed-in-lieu process.

Consumer Alert - Attorney General Warns Public to be Diligent Amidst Reports of Quit Claim Deed Fraud
Attorney General John M. Formella urges real estate owners to be diligent amidst reports of quit claim deed fraud in New Hampshire. Deed fraud occurs when scammers forge documents in order to facilitate a fraudulent transfer of ownership in real property without the owner's knowledge. Oftentimes, this scam will be perpetrated by forging a fraudulent quit claim deed that purports to transfer ownership in real property to someone other than the owner.

Mortgage Interest Rates Today: Mortgage Rates Rise After Trump's Calls To Take Freddie Mac, Fannie Mae Public
Rates are now more than 10 basis points higher than they were in the beginning of May, coming on the heels of the mounting uncertainty over Trump's tariff policy-and following the recent decision by the credit rating agency Moody's to downgrade the U.S. credit over the federal government's climbing debt. The president added to the confusion this week by saying that were Freddie Mac and Fannie Mae taken public, they would still retain government guarantees.

Secured Signing Gains Official Approval as Registered Remote Notary Technology Vendor in Indiana
Secured Signing, a leading provider of secure digital signing and online notarization solutions, announced its official registration as a Remote Notary Technology Vendor in the state of Indiana. This significant milestone allows Indiana notaries public to leverage Secured Signing's robust and user-friendly Remote Online Notarization (RON) platform to conduct secure and legally compliant online notarizations for individuals and businesses across the state.


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