Legislative Center

Obama Signs Tax Credit & Expansion

Tax Credit Passes! You did it OKCMAR! A Message from NAR President Charles.....

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Health Reform Passes the House

The house passed the health care reform bill by a small vote margin. Your OKCMAR staff is currently reviewing the bill- it is 1990 pages and will post information as soon as our analysis is complete

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You Made a Difference!

Legislation passes 85-2 to clear the way for an extended tax credit AND to include move-up buyers in the credit! You all did this through your response to the call to action. You have made a tremendous difference in the lives of Oklahoma citizens who otherwise could not afford a home and for those homeowners looking to sell their home and invest in another!

To read the full details click here

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Why You Need to Vote Yes for MAPS

OKC REALTORS, we have an opportunity of a lifetime looming in the future: MAPS3. Passage of this important legislation is essential to the long term growth of our industry and our market. Over the last three years, as cities across the country are seeing record losses in real estate sales and property values, Oklahoma City has received national recognition for our healthy real estate market and sales have continued to climb.

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FHA Announces Credit Tightening Policies

The FHA (which insures mortgage lenders against losses) is required by federal law to maintain a supplementary reserve of 2% of the loans it insures. This Friday (September 18th) the FHA announced that they would fall below the reserve requirement and were initiating action. The FHA is confident that they can control the situation through several measures. The FHA assured the press and the public that the shortfall WOULD NOT affect the premiums borrows pay or the current 3.5% down payment requirement.

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