The US Department of Housing and Urban Development (HUD) announced Mortgagee Letter 2012-3, Miscellaneous Underwriting Issues for loans insured by the Federal Housing Administration (FHA). The Mortgagee Letter changes requirements for borrowers with individual or multiple disputed credit collections.
NAR recently commented on an Advanced Notice of Proposed Rulemaking (ANPR) issued by the Federal Housing Finance Agency (FHFA) on Property Assessed Clean Energy (PACE) programs.
On March 26, NAR submitted comments to the National Telecommunications and Information Administration (NTIA) on the Administration’s recently release Consumer Privacy Framework.
On March 26, 2012, Reps. Bachus (R-AL) and Garrett (R-NJ) issued a letter expressing concern to six banking agencies regarding their risk retention proposal, which contained a requirement that securitizers set aside the profits from sales of securities in a “premium capture cash reserve accounts” (PCCRAs).
On March 21st the Massachusetts Attorney General announced that a property management firm was fined $15,000 after the theft of a company laptop containing the personal information of over 600 Massachusetts residents.
HouseLogic.com, NAR’s award-winning website about all aspects of homeownership, has been selected as an Official Honoree of the 16th Annual Webby Awards in the Lifestyle category. HouseLogic received recognition for superior quality and outstanding caliber of work.
The second home market surged in 2011, according to data from the 2012 NAR Investment and Vacation Home Buyers Survey. The combined market share of investment and vacation homes rose to the highest level since 2005.
On May 17, 2012, Realtors® from across the country will Rally to Protect the American Dream in Washington, D.C., as part of NAR’s Midyear Legislative Meetings & Expo that week. The rally itself aims to keep housing and homeownership issues at the forefront of the nation’s public policy agenda on behalf of homeowners and aspiring homeowners.
QR code usage is on the rise at associations.
On May 30, 2012, the House of Representatives passed a 60-day extension of the National Flood Insurance Program, which will enable the Senate to act on the 5-year reauthorization and reform bill this June.