Results for: Call for action

Are the New CFPB Rules Affecting Your Business?

The CFPB’s (Consumer Financial Protection Bureau) new Ability-to-Pay Rule took effect on January 10, 2014. This new rule amends regulation Z under the authority of the Dodd-Frank financial industry reform. It requires mortgage lenders to consider consumers’ ability to repay home loans before extending them credit. There is also a category of loans, called “qualified mortgages,” that limit how much home buyer’s income can go toward debt....

Mortgage Cancellation Tax Relief Expires

The Mortgage Cancellation Tax Relief expired December 31, 2013. Without an extension from Congress, homeowners who have had any amount of mortgage forgiven by a lender through either a foreclosure or short sale will be forced to pay a “phantom income tax” on any amount that was forgiven. It is CAR and NAR’s position that homeowners should not be subject to...

NAR Directors Meeting Recap – Fall 2013

The National Association of REALTORS Board of Directors meeting in San Francisco weighed in on redevelopment, use of eminent domain in mortgage takings, discrimination and disparate impact, membership issues, professional standards and legal issues and more… Board OKs Exploration of World-Class Headquarters-  The NAR Board of Directors at its meeting in San Francisco today unanimously approved an ambitious project to be undertaken...

Third Quarter 2013 Housing Statistics from the Colorado Association of REALTORS®

Leading Housing Indicators Show Consistent Improvement ENGLEWOOD, Colo. – Oct. 23, 2013 –  The most common measures of housing market performance – sales, new listings, median price and days on the market – all showed significant improvement statewide and in most regions of Colorado during the third quarter in 2013 compared to the same quarter in 2012.  In addition, Q3...

FCBR Raises $6,000+ in Gift Card Donations for Flood Victims

Fort Collins Board of REALTORS® Raises Over $6,000 in Gift Card Donations for Colorado Flood Victims To meet the diverse and expansive needs of recent flood victims, the Fort Collins Board of REALTORS® Community Outreach Committee in partnership with Serve 6.8, conducted a three week gift card and fundraising campaign to benefit evacuees who would need immediate and long-term help...

Colorado Commercial Practitioners Regaining Confidence

It’s been a longer road for Colorado Commercial REALTORS® to rebound, however according to NAR 2013 Commercial Member Profile income, transactions and sales volume has increased over the past year.  REALTOR® Associations still continue to advocate for financing. Since the economic depression the commercial real estate market has struggled to regain its grounding. REALTORS® who practice commercial real estate reported...

Colorado Home Sales/Prices Upward Trend

Sales of single-family, condominium and town homes (taken together) increased 16 percent statewide to 18,343 units during the first quarter 2013 compared to first quarter 2012, according to Quarterly Market Statistical Reports released by the Colorado Association of REALTORS® (CAR).   Download the PDF Here. New listings dropped slightly more than 7 percent statewide, primarily due to drops in the Denver...

Capitol Connection: April 19, 2013

CAR Neutral on Bill Regarding Permit Process SB13-258, Concerning Stages in Development Permit Approval Process, by Senator Mary Hodge (D-Brighton) and Representative Dominick Moreno (D-Commerce City) was reviewed by LPC last week in Vail. Under current law, a local government may not approve an application for a development permit unless it determines that the applicant has satisfactorily demonstrated that the...

CAR Staying Neutral on Energy District Private Financing

SB13-212, Concerning Energy District Private Financing Commercial (C-PACE), by Senator Matt Jones (D-Louisville) and Representative Max Tyler (D-Lakewood), was discussed in LPC last week. Under Property-Assessed Clean Energy (PACE) financing programs, local governments or financing districts sell bonds to investors, then loan the proceeds to property owners to cover the cost of renewable energy or energy efficiency improvements. The loans...