Posted on
January 23, 2015
HB 1016 Precipitation Harvesting Pilot Projects
The LPC discussed HB15-1016 Promote Precipitation Harvesting Pilot Projects by Coram (R-Montrose) and Sonnenberg (R-Sterling) in last week’s meeting. House Bill 09-1129 established a 10-year pilot program for the collection of precipitation from rooftops for nonpotable uses. The program can include up to 10 new residential or mixed-use developments. This bill, recommended by the Water Resources Review Committee,...
Posted on
January 23, 2015
Don Flynn, who has served as CAR's CEO/CFO for the last three years, has tendered his resignation to accept an exciting key leadership position within the Move, Inc./Realtor.com industry relations organization. Don will be one of two Vice Presidents of Industry Relations, responsible for working with state and local REALTOR® associations to make sure your voices are heard by Move...
Posted on
January 16, 2015
The 70th General Assembly Kicks Off in 2015
The first gavel of the 70th General Assembly came down Wednesday, January 7th ushering in a new batch of legislative leadership, as well as a record number of new legislators – 29 – who took their initial oaths of office. Throughout the upcoming weeks, we will be introducing you to each of the new legislators...
Posted on
January 9, 2015
Reduction to increase credit affordability and reflectsimproved economic health of FHA
WASHINGTON – As the nation’s housing market continues to improve, U.S. Housing and Urban Development Secretary Julián Castro today announced the Federal Housing Administration (FHA) will reduce the annual premiums new borrowers will pay by half of a percent. This action is projected to save more than two million FHA homeowners an average of $900 annually and...
Posted on
January 6, 2015
During the recent holiday break a number of members contacted NAR concerning a video they had been sent regarding changes coming to appraisals conducted for Fannie Mae transactions. The video was sent by email and usually contains the subject line “Appraisal Time Bomb.” Many of state and local association partners have received member inquiries about the video.
At the end of...
Posted on
December 17, 2014
On Tuesday, December 16, the Senate passed mortgage debt cancellation relief as part of a large "tax-extender" bill just before adjourning for 2014.
REALTORS® across the country fought hard for this legislative victory. In Colorado alone, over 15 percent of all Colorado REALTORS® responded to NAR's Call for Action, which urged them to contact their Senators to ask for an extension...
Posted on
December 11, 2014
Englewood, COLO. – (Dec. 11, 2014) The Colorado Association of REALTORS® (CAR) has contributed $5,465 to the Wounded Warrior Project®. The funds were collected from the Association’s membership during its recent state convention, featuring a keynote speech by former Navy SEAL and Lone Survivor Marcus Luttrell.
Luttrell’s experiences, chronicled in the book “Lone Survivor” and featured in the movie of the...
Posted on
December 10, 2014
The Colorado Association of REALTORS (CAR) is pleased to announce that Scott Peterson has been hired as General Counsel for the organization. Peterson, a long-term CAR member, is an experienced legal and real estate professional with an extensive background as both a real estate attorney and commercial REALTOR.
“I am thrilled to accept this position with CAR and look forward to...
Posted on
December 9, 2014
Mortgage giants Fannie Mae and Freddie Mac have launched a program called Home Possible Advantage, a conventional mortgage with 3 percent down-payment requirement designed for low-and moderate-income borrowers. The program is expected to expand credit for qualified home buyers who may have been priced out of the market due to higher down-payment requirements.
Home Possible Advantage is a conforming conventional mortgage...
Posted on
December 5, 2014
On Dec. 3, 2014, the House of Representatives passed H.R. 5771, the Tax Increase Prevention Act of 2014, by a strong bipartisan vote of 378-46. The Senate has not yet acted on the tax extenders, but is expected to do so the week of Dec. 8. Please visit the Mortgage Debt Cancellation Relief page on realtor.org for any developments in...
