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GSE Short Sale Valuation Problems

January 23, 2013: 

Beginning in the latter part of 2012, a number of REALTORS® across the country reported that Fannie Mae had started jeopardizing short sale transactions by requesting purchase offers at significantly higher prices than market values.

Agencies and Organizations Involved in this Issue

January 18, 2013: 

There are several agencies and organizations, both in the U.S. and abroad, that are combating money-laundering and terrorist financing and can provide guidance and support on these important issues. Real estate agents should familiarize themselves with these agencies and organizations to better understand how they impact the business of real estate.

Justices Hear Oral Arguments in Property Rights Case

January 18, 2013: 

On Jan. 15, the U.S. Supreme Court heard oral arguments in Koontz v. St. Johns River Water Management District.

Final Rule on Appraisals for Higher Priced Mortgage Loans (HPML)

January 18, 2013: 

The Federal Reserve Board, along with five other federal regulatory agencies, issued a final rule to impose appraisal requirements for loans secured by a borrower’s home and bearing interest rates higher than the average prime offer rate (APOR) for comparable properties and mortgages.

SBA Holds Roundtable on Process for Identifying Critical Habitat

January 18, 2013: 

On Aug. 24. 2012, the Fish and Wildlife Service and the National Marine Fisheries Service published a proposed rule to enact changes to the process for designating critical habitats for endangered species.
 

A Pathway to Professional Conduct: Respect Starts Here

January 17, 2013: 

REALTORS® ensure high standards of professional conduct to serve the interests of their clients and customers. Based on feedback, NAR created these resources for members on how to conduct themselves professionally and show respect for property, the public and peers.

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