On June 4, 2014, NAR submitted comments to the Federal Housing Administration (FHA) on its supplemental lender performance metric. NAR hopes this new tool will encourage lenders to loosen credit overlays and ease the fear of back-end enforcement actions by FHA.
On May 30, 2014, FEMA announced the Flood Premiums and Rate Tables for 2015.
On Tuesday, June 3, the Senate Banking Committee held a mark up hearing of S. 2244, Senator Schumer’s Terrorism Risk Insurance Act (TRIA) reauthorization bill. In a strong showing of support, the bill was unanimously approved by the Committee. NAR sent a letter of support for the bill to all the members of the Committee, and urged those Senators who had not already to cosponsor it.
Since 2001, the St. Augustine & St. Johns County Board of REALTORS® has awarded more than $70,000 in scholarships to local high school seniors to help them defray the cost of attending college. “We only have 850 members,” says association executive Victor J. Raymos. “Imagine what a large association could do.” At this point, they’ve got the process down. At the start of each school year, members of the education committee reach out to area schools, publicizing the $1,000-per-student scholarship program.
There are 14,000 school boards around the country--and there’s no greater commitment a REALTOR® can make to improving public education than serving on one of them. School boards are grappling with major issues that affect public education. According to a survey of more than 1,000 school board members released by the National School Boards Association in 2011, the most urgent issues school boards face today include raising student achievement levels and uncovering new funding sources--issues that can have an enormous impact on the quality of life and future of communities.
Cosponsored by the National Association of REALTORS® (NAR) and the Council of Educational Facility Planners International (CEFPI), the School of the Future Design Competition is a nationwide program that encourages middle schoolers to learn about creating sustainable school environments that are healthy and energy efficient. The competition is a way for REALTORS® to connect with students, schools, and the community. NAR encourages REALTOR® associations and REALTORS® to participate in this innovative program.