{"id":6511,"date":"2024-09-11T03:52:51","date_gmt":"2024-09-11T03:52:51","guid":{"rendered":"https:\/\/realestateagentmagazine.com\/?p=6511"},"modified":"2024-09-11T03:52:51","modified_gmt":"2024-09-11T03:52:51","slug":"nar-welcomes-feds-basel-iii-revisions","status":"publish","type":"post","link":"https:\/\/realestateagentmagazine.com\/nar-welcomes-feds-basel-iii-revisions","title":{"rendered":"NAR Welcomes Fed\u2019s Basel III Revisions"},"content":{"rendered":"<p>WASHINGTON, D.C.\u2014Federal Reserve Board Vice Chair for Supervision Michael S. Barr announced\u00a0Tuesday significant improvements to how banks would handle low down payment mortgages under so-called Basel III \u201cendgame\u201d\u00a0changes. The following is a statement from National Association of Realtors\u00ae President Kevin Sears:<\/p>\n<p>&#8220;The Federal Reserve&#8217;s revised Basel III proposal is a win for the housing market, Realtors\u00ae, and consumers. By making it easier for banks to support low down payment loans, these changes\u00a0should\u00a0ensure continued access to affordable home financing. The proposal laid out by the Federal Reserve also recognizes the strength of changes made more than a decade ago to regulation and oversight of the housing finance industry in the wake of the subprime crisis. We applaud the Fed for this thoughtful adjustment, which ultimately reflects a commitment to a healthy housing market and reinforces the stability we&#8217;ve worked hard to achieve.&#8221;<\/p>\n<p>The changes announced today were a high-level summary.\u00a0NAR will study the proposed rule when it is released to examine how its other changes will affect housing finance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>WASHINGTON, D.C.\u2014Federal Reserve Board Vice Chair for Supervision Michael S. Barr announced\u00a0Tuesday significant improvements to how banks would handle low down payment mortgages under so-called Basel III \u201cendgame\u201d\u00a0changes. The following is a statement from National Association of Realtors\u00ae President Kevin Sears: &#8220;The Federal Reserve&#8217;s revised Basel III proposal is a win for the housing market, [&hellip;]<\/p>\n","protected":false},"author":45,"featured_media":6512,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-6511","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/realestateagentmagazine.com\/wp-json\/wp\/v2\/posts\/6511","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/realestateagentmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/realestateagentmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/realestateagentmagazine.com\/wp-json\/wp\/v2\/users\/45"}],"replies":[{"embeddable":true,"href":"https:\/\/realestateagentmagazine.com\/wp-json\/wp\/v2\/comments?post=6511"}],"version-history":[{"count":1,"href":"https:\/\/realestateagentmagazine.com\/wp-json\/wp\/v2\/posts\/6511\/revisions"}],"predecessor-version":[{"id":6513,"href":"https:\/\/realestateagentmagazine.com\/wp-json\/wp\/v2\/posts\/6511\/revisions\/6513"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/realestateagentmagazine.com\/wp-json\/wp\/v2\/media\/6512"}],"wp:attachment":[{"href":"https:\/\/realestateagentmagazine.com\/wp-json\/wp\/v2\/media?parent=6511"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/realestateagentmagazine.com\/wp-json\/wp\/v2\/categories?post=6511"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/realestateagentmagazine.com\/wp-json\/wp\/v2\/tags?post=6511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}