SellingNorthernNV

Quality Real Estate News and Market Data

FAQ on the Housing and Economic Recovery Act (HERA)

Josh Talayka | September 28, 2009

The following FAQ may answer some of the concerns you may have on the new HERA mortgage requirements and how they will affect the timeline of your real estate transaction.

Summary of the new lending regulations HERA

Josh Talayka | September 28, 2009

In 2008, the Housing and Economic Recover Act (HERA) was passed by Congress and became effective July 30, 2009. The Federal Reserve Board published the new regulations under the Truth in Lending Act.