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How New Loan Level Changes Affect Borrowers and NAR's Reaction

The Federal Housing Finance Agency (FHFA) has directed Fannie Mae and Freddie Mac (the GSEs), to change their loan level pricing adjustments (LLPAs)—upfront fees the GSEs charge individual borrowers based on their credit score, down payment, or other risk factors. Fees were raised on some stronger-credit borrowers. Lenders are required to start complying with these adjustments starting May 1.

On August 1, FHFA will impose a new fee on borrowers with debt-to-income ratios (DTIs) greater than 40 percent.

NAR continues to urge FHFA to rescind these measures that are unnecessary given their current financial strength and the affordability concerns plaguing homebuyers nationwide. Click here to learn about the changes.

Spring Flowers to Beautify Your Home and Benefit Local Charities

Just in time for Mother's Day or any Spring occasion, the NEXUS REALTOR® Community Service Committee is holding their annual Spring Flower Sale.

Geraniums, Impatiens, and Sunpatiens are available for pick up on May 9th in Ocean County and May 10th at the NEXUS Cherry Hill Office. Money raised benefits local charities.

Click here for options, pricing, and order form.

View all Photos from the Circle of Excellence Celebration

An event so fun, you'll have to see it to believe it! View the Facebook photo album for the Circle of Excellence Celebration on Tuesday, April 18th at Lucien's in Berlin.

300 NEXUS members enjoyed a night of red carpet magic. Congratulations to all awards recipients and thank you to all affiliate sponsors.

Click here to view a full list of recipients and sponsors.

List of 1st Quarter Award Recipients Available, Congratulations to All

Click here to view the full list 1st Quarter SuperStar and Superior Performer Award recipients. These members are recognized for highest production levels based on applications submitted.

3rd and 4th Quarter 2022 and 1st Quarter 2023 recipients will be recognized at the Breakfast of Champions on May 17th at the Westin in Mount Laurel.

All members are invited to attend for a full breakfast buffet, networking, and industry updates. Register here by May 5th.

April 30th is the CE Requirement Deadline

All Continuing Education (CE) Credits are required to be completed by April 30, 2023.

Avoid a $200 late fee assessed to your license renewal by the New Jersey Real Estate Commission.

Is Conventional Wisdom About the Housing Market Wrong?

Results from Bright’s survey indicate a Mid-Atlantic housing market that defies expectations. Read more.

Free Bright Training Webinars (members only)

5/10/23 | 10:00 am-11:00 am - Getting Started with Bright MLS

5/10/23 | 11:30 am-12:30 pm - Bright MLS Search

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NEXUS Association of REALTORS^®

306 Kings Highway South, Cherry Hill, NJ 08034

(856) 428-1013

271 Lakehurst Road, Toms River, NJ 08755

(732) 244-8111

www.nexusaor.com membersupport@nexusaor.com 



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