U.S. housing industry is facing changes from regulations | Predictions on where the housing market is headed | Regulators introduce stricter mortgage-qualification rules
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January 22, 2013
Community Association Management SmartBrief
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In the News
Americans may spend more to improve housing this year
Spending on home improvements in the U.S. is expected to increase this year, a report by Harvard University's Joint Center for Housing Studies says. About 17% of gross domestic product during the first nine months of 2012 went toward spending on housing, and the figure could be higher this year, says Eric Belsky, managing director of the center. The Boston Globe (tiered subscription model) (1/18) Share: Email
U.S. housing industry is facing changes from regulations
The final version of the Qualified Residential Mortgage rule, which will define the minimum down payment required for home loans, is likely to be released in the coming months, U.S. regulators say. That rule, along with underwriting and servicing measures released by the Consumer Financial Protection Bureau last week, have the potential to reshape home lending in the U.S. "These changes will impact business operations and the future of mortgage access for years to come," says David Stevens, president of the Mortgage Bankers Association. Bloomberg (1/18) Share: Email
Predictions on where the housing market is headed
The housing market could begin favoring sellers this year, and buyers should be prepared for a more competitive market, Kathryn Buschman Vasel writes. Among the housing trends she cites are continued low interest rates, a stricter lending process, increasing home prices, a possible increase in housing inventories and less refinancing activity. Fox Business (1/17) Share: Email
Other News
Leadership Strategies and Organizational Management
7 steps to becoming your own leader
Everyone is capable of being a leader, Kevin Eikenberry writes, but the key is to find the right leadership style. He advises you start by getting to know yourself, beginning with understanding your values, personality, strengths and weaknesses. Becoming a leader takes time, Eikenberry warns, as well as a desire to receive feedback and continuously learn. KevinEikenberry.com (1/14) Share: Email
Doing Good in the Community
Mich. HOA organizes welcoming committee for disabled vet
Disabled veteran Anthony Patchell was welcomed to his Meadows at Central Park home in Shelby Township, Mich., by a welcoming committee of about 30 residents organized by the Central Park Master Homeowners Association president. Patchell and his family received the home mortgage free from Chase Bank through the Military Warriors Support Foundation. The Macomb Daily (Mount Clemens, Mich.) (1/18) Share: Email
Ethics and Professional Conduct
6 questions to help you define work balance
What are the parts of your work life you won't compromise? To find out, ask yourself what tasks, activities and other characteristics of your work and co-workers you want to protect or maintain, Mike Figliuolo writes. "Once you have the answers to these questions, you can begin to better define your boundaries at work, which should improve your job satisfaction and therefore improve your morale and performance," he writes. ThoughtLeaders blog (1/14) Share: Email
SmartQuote
It ain't what they call you, it's what you answer to."
-- W.C. Fields,
American comedian, actor and writer Share: Email
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About CAMICB
The Community Association Managers International Certification Board (CAMICB) is a 17-year old independent board that sets the standards for community association managers worldwide. CAMICB (formerly NBC-CAM) administers the Certified Manager of Community Associations® (CMCA) examination, a rigorous, three-hour test that measures managers' knowledge of community management best practices. Passing the CMCA examination and maintaining the standards of the CMCA certification is proof that a manager is knowledgeable, ethical and professional. CMCA-certified managers have the skills to safeguard the assets of homeowners' associations, giving homeowners peace of mind and protecting home values.
The CMCA credential is accredited by the National Commission for Certifying Agencies (NCCA) which means it complies with NCCA’s stringent international standards for a professional certification program. NCCA accreditation provides independent validation that the CMCA program meets or exceeds twenty-one standards concerning various aspects of the certification program including its purpose, structure, governance, psychometric foundation, policies and procedures. Accreditation validates the integrity of the CMCA program and is a mark of quality.
For more information, go to www.camicb.org
Contact CAMICB
Community Association Managers International Certification Board (CAMICB)
6402 Arlington Boulevard, Suite 510
Falls Church, Virginia 22042
Phone: 866.779.CMCA (2622)
Fax: 800.845.4394
info@camicb.org
www.camicb.org
 
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