Write a Letter to Santa Claus!

Write a Letter to Santa Claus!

how-to-write-to-santa-300x250 copyMacy’s and Make-A-Wish® are celebrating the 7th year of the Believe campaign. Beginning in November, believers of all ages can bring their stamped letter to Macy’s addressed to Santa at The North Pole, and drop it into the special letterbox.

New this year, you can also create and send a letter online at macys.com/believe. For each letter received, Macy’s will donate $1 to Make-A-Wish, up to $1,000,000.

http://social.macys.com/believe/?cm_mmc=VanityUrl-_-believe-_-n-_-n

Please spread the word!

 

 

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Opening Doors for Homebuyers!

Opening Doors for Homebuyers!

The Federal Deposit Insurance Corporation is the first of six financial regulators to release the final version of the long-awaited qualified residential mortgage (QRM) rule. The National Association of Realtors applauds this action because it will make possible to incorporate rules that include a broad definition for Qualified Mortgage standards implemented earlier this year.

Got your House?

Got your House?

Under the QRM rule, loans are generally considered qualified if the borrower’s debt-to-income ratio is 43 percent, among other things and there is not onerous down payment requirement, as regulators had originally proposed.

The NAR strongly opposed earlier versions of the rule that included 20 and 30 percent down payment requirements, which would have denied millions of Americans access to the lowest-cost and safest mortgages

For lenders, having these two rules in alignment provides the clarity they’ve long been asking for, widening and deepening loan eligibility and availability, which has been one of the main stumbling blocks to increased home sales.

Homebuyers will have now more credit availability reflecting an increase in home purchases, and refis. Way to go!