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 November 18, 2014 the Consumer Financial Protection Bureau (CFPB) and the Federal Reserve held their fourth webinar on changes to the Real Estate Settlement Procedures Act (RESPA) and the Truth in Lending Act (TILA) under the Dodd-Frank Wall Street Reform and Consumer Protection Act.
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."
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.
On Dec. 5, 2014, the Federal Housing Administration (FHA) released its 2015 Loan Limits.