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 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 8, 2015
On January 2, 2015 the Director of the Division of Real Estate (Division) held an emergency rule-making hearing to take public testimony with regard to the community association manager emergency rules pertaining to the education, testing, licensing and insurance requirements needed for licensure. As a result of the hearing and recommendations received, the Division has incorporated changes to the proposed...
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 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...
Posted on
November 13, 2014
Tell Congress: Don’t Tax “Phantom Income” on Short Sales.
Congress has begun its “Lame Duck” session with a big list of unfinished business items. Number one on that list for REALTORS® is an extension of “The Mortgage Forgiveness Tax Relief Act.”
This bipartisan legislation would extend an expired provision that has helped millions of distressed American families by allowing tax relief for homeowners...
Posted on
November 3, 2014
Tomorrow, REALTORS® have the opportunity to exercise one of our greatest constitutional rights – the right to vote.
In elections at the local, state and national levels, REALTORS® have the opportunity to make a difference in determining the future direction of our great country.
Electing candidates who understand the importance of homeownership, real estate investment and property rights will help ensure...
Posted on
October 21, 2014
No minimum down payment, as NAR sought
The mortgage financing environment for households could improve as a result of a rule federal regulators are releasing starting today. The Federal Deposit Insurance Corporation is the first of six financial regulators to release the final version of the long-awaited qualified residential mortgage (QRM) rule, which stems from the big 2010 banking reform bill...
Posted on
September 9, 2014
Daily Real Estate News | Monday, September 08, 2014
The Federal Housing Administration is overhauling a long-held policy of charging extra interest payments on loans it insures to borrowers who have already paid off the principal debts on their mortgages.
FHA has permitted its lenders to charge borrowers a full month of interest when they sell or refinance a home, even if...
