On July 26, 2012, NAR President Moe Veissi submitted comments to the Federal Housing Finance Agency (FHFA, the conservator of Fannie Mae and Freddie Mac , the GSEs) on the proposed GSE affordable housing goals for 2012-2014.
On July 26, 2012, a coalition of organizations, including NAR, submitted comments to regulators regarding the proposed Basel III capital rules.
NAR reaches out to consumers to increase awareness about what makes widespread home ownership possible. Association Executives can read the complete Frequently Asked Questions for details and share it with REALTORS® who ask about the campaign.
The week of July 16, 2012, the Federal Housing Administration (FHA) announced the expansion of the Distressed Asset Sale Program (DASP).
On July 9, 2012, NAR President Moe Veissi submitted comment to the Consumer Financial Protection Bureau (CFPB) on its outline of proposals for future mortgage servicing rulemaking
The EPA is required to develop regulations that establish lead safe work practices for renovation, repair and painting (RRP) activities for commercial and public buildings, and the date was recently pushed back a second time, to Sept. 15, 2012.
On Monday, July 9, 2012, The Consumer Financial Protection Bureau (CFPB) issued the long awaited RESPA/TILA harmonization proposal. The proposal, at 1,100 pages is far more ambitious than simplifying and combining the Good Faith Estimate (GFE) and Truth in Lending (TIL) disclosures given to consumers upon application for a mortgage as NAR advocated.
During the week of July 9, 2012, the House Agriculture Committee considered the 2012 Farm Bill. A similar bill passed the Senate last month, and included a provision to grandfather existing communities elibigle for rural housing programs. Rep. Fortenberry (R-NE) offered an amendment in the House markup to grandfather existing rural housing communities.
On Monday, July 9, 2012, NAR joined the Consumer Mortgage Banking Project (CMBP) in responding to the Consumer Financial Protection Bureau (CFPB) request for additional information and data in developing the Qualified Mortgage (QM) test.
NAR participated in a recent Department of Energy Conference on the roll-out and implementation of a voluntary home energy score program.