Session had mixed results for REALTORS®.
On December 9, 2014, the U.S. Senate Banking Subcommittee on Housing, Transportation, and Community Development held a hearing entitled, “Inequality, Opportunity, and the Housing Market.”
On December 10, 2014, the U.S. Department of Veterans Affairs (VA) released its 2015 Loan Limits.
Topics: Veterans Affairs
On December 8, 2014, Fannie Mae and Freddie Mac released details on new mortgage product offerings that will provide access to qualified borrowers able to put down at least 3%.
On December 10, 2014, the Federal Housing Administration (FHA) announced that it will not extend the temporary waiver of FHA’s regulation that prohibits the use of FHA financing to purchase single family properties that are being resold within 90 days of the previous acquisition.
The House Committee on Transportation’s Subcommittee on Aviation held a hearing this week on “U.S. Unmanned Aircraft Systems: Integration, Oversight and Competitiveness."
Topics: Unmanned Aerial Vehicles
The EPA is in the process of determining if they will move forward with a proposed regulation on how renovation, repair and painting activities may occur in commercial buildings.
Topics: Lead-Based Paint
On Dec. 5, 2014, the Federal Housing Administration (FHA) released its 2015 Loan Limits.
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.
On Monday, Dec. 1, Rep. Stephen Fincher (R-TN) released a "Dear Colleague" letter to the leadership of the House of Representatives urging them to support a long-term reauthorization of the Terrorism Risk Insurance Act of 2002, or "TRIA."