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NAR REThink Session Videos
In a special session at the 2013 Midyear Legislative Meetings & Trade Expo, presenters revealed data and insights from the REThink workshops conducted during the past several months, and attendees were asked for their input on what to do next.
The videos below are a recording of that session, broken into sections.
Spotlight on Mexico
Mexico is the number one destination for American baby-boomers who retire abroad. Learn about the opportunities Mexico offers for global real estate professionals.
Anti-Money Laundering Guidelines for Real Estate Professionals
The purpose of this fact sheet and suggested voluntary guidelines is to increase real estate professionals’ awareness, knowledge, and understanding of the potential money laundering risks surrounding real estate and enable them to identify practical measures to mitigate the risks.
Flood Insurance Reform Act of 2012: Section by Section Highlights
On July 6, 2012, President Obama signed into law the Surface Transportation Bill (H.R. 4348), which re-authorizes the National Flood Insurance Program (NFIP) through 2017. This reauthorization brings long-needed certainty to real estate transactions in the 21,000 communities nationwide where flood insurance is required for a mortgage.
Update on Flood Insurance Rate Increases
With NAR’s support, Representatives Bill Cassidy (R-LA) and Maxine Waters (D-CA) have successfully attached an amendment to the Homeland Security Appropriations Bill to delay removal of “grandfathered” flood insurance rates for one year.
NAR Comments on Proposed QM Changes
On Monday, June 3, 2013, NAR President Gary Thomas submitted comments to the Consumer Financial Protection Bureau (CFPB) on further proposed revisions to the Ability-to-Repay or Qualified Mortgage (QM) rule. These changes provide more flexibility for lenders to qualify borrowers under the QM safe harbor standard which provides certain protections from liability in connection with the ability to repay determination.