February 20, 2012: Brokerages that actively solicit salespeople and promise tangible assistance (such as a customer list) in its solicitations to the salesperson in exchange for a required payment should be aware of new Federal Trade Commission (FTC) regulations that take effect March 1, 2012.
President Obama's FY 2013 Budget, presented to Congress February 13, includes a recommendation that Congress extend the mortgage cancellation tax relief provisions
The National Association of REALTORS® (NAR) continues its holistic approach to valuing real property with the adoption of its Responsible Valuation Policy. The document is the culmination of NAR’s efforts to consider all methods of valuing real property.
Residents and business owners united to wrestle with the question of how small communities can encourage development while retaining the qualities residents cherish.
The US Department of Agriculture’s (USDA) Rural Development announced a pilot refinance program for the Single Family Housing Guaranteed Loan Program (SFHGLP).
Starting February 22, 2012, the Treasury Department, in collaboration with the National Association of REALTORS®, will hold Making Home Affordable “Help for Homeowners” outreach events across the country.
Last week the Insurance and Housing Subcommittee of the House Financial Services Committee passed a the "Affordable Housing and Self-Sufficiency Improvement Act of 2012" (AHSSIA, no bill number).
On February 1, 2012, NAR, along with dozens of other organizations sent a letter to the U.S. Senate Finance Committee as well as a letter to the Chairman of the Committee (Sen. Baucus, D-MT) asking for support of S.1832, the Marketplace Fairness Act.
On February 7, 2012, Fannie Mae announced the rollout of its online offer system for offers made on Fannie Mae-owned properties listed on the company's REO website, www.HomePath.com.
On Thursday, February 9, 2012 the federal government and 49 states entered into a settlement dealing with the mortgage servicing issues emanating from the foreclosure crisis of the last few years including the "robo-signing" scandal.