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...
Supporters of four ballot questions pertaining to oil and gas policy in Colorado have announced that they will be dropping their initiatives. Congressman Jared Polis made the announcement on Monday, making clear that he will be withdrawing financial support for measures #88 and #89 as a part of a deal with Governor John Hickenlooper. The two ballot measures would have...
As a Commercial Real Estate Practitioner you understand how the market can be adversely affected by uncertainty. That is why NAR is asking for your help to extend the Terrorism Risk Insurance Program created following the September 11, 2001 terrorist attacks. When private insurers withdrew from the terrorism insurance market, construction projects ground to a halt and commercial property values...
NAR President Steve Brown was at the White House recently to celebrate the 80th anniversary of the Federal Housing Administration.
Just as REALTORS® were key to the creation of FHA in 1934, REALTORS® are key players in keeping the agency strong today.
During the visit, REALTORS® celebrated FHA's successes, shared what they see as the greatest challenges and opportunities FHA faces today,...
