The Federal Trade Commission (FTC) has issued warning letters to 20 companies, including real estate agents, home builders and lead generators, about possible violations of the Mortgage Acts and Practices Advertising (MAP) Rule.
The real estate industry is undergoing a dramatic change and technology is leading the transformation. Consumers have felt the impact of more and more data breaches at high profile businesses and organizations. Currently, 46 states have enacted laws to help protect consumers’ personal information and Congress is considering a federal privacy mandate.
FHA announced that it is extending the availability of the temporary waiver of its regulation 24 CFR 203.37a(b)(2) that prohibits the use of FHA financing to purchase single family properties that are being resold within 90 days of the previous acquisition.
Global Recognition awards were given to a number of REALTORS® and REALTOR® associations during the 2012 REALTORS® Conference & Expo in Orlando, Fla. Read about the awards and recipients, who were honored at the International Night Out dinner and awards ceremony.
FHA released their Annual Report to Congress and the Actuarial Review of the 2012 Financial Status of the FHA Mutual Mortgage Insurance Fund.
NAR submitted comments to the Consumer Financial Protection Bureau (CFPB) on the 1100 page RESPA/TILA harmonization regulatory proposal.