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Supreme Court Unanimously Decides in Favor of Property Rights in Sackett v. EPA

March 26, 2012: 

The U.S. Supreme Court handed private property owners a victory with a unanimous decision on March 21 allowing a couple to appeal an EPA ruling that their property contains a wetlands.

Senate Passes Two-Year Surface Transportation Authorization Bill

March 19, 2012: 

By a 74-22 vote, the Senate passed on March 14 a long-term surface transportation authorization known as "MAP-21" ("Moving Ahead for Progress in the 21st Century"). The bill largely maintains current funding levels for federal transportation programs over the next two years, with some changes to program structures and policies.

Treasury Department Releases Details on Making Home Affordable Program Updates

March 19, 2012: 

On March 9, 2012, the U.S. Department of the Treasury issued Supplemental Directive 12-02 that extends the Making Home Affordable (MHA) program to the end of 2013, and makes several changes to the Home Affordable Modification Program (HAMP) to increase the number of eligible participants.

Government Releases Details of $25 Billion Mortgage Servicing Settlement

March 19, 2012: 

On Monday, March 12, 2012, the federal government released details of the $25 billion dollar national mortgage settlement stemming from the "robo-signing" scandal. The agreement with Bank of America Corporation, JPMorgan Chase & Co., Wells Fargo & Company, Citigroup Inc.

NAR Applauds FHFA Restrictions on Private Transfer Fees

March 19, 2012: 

The Federal Housing Finance Agency (FHFA) released the final rule on private transfer fees. The final rule is not substantively different than the proposed rule; however, it does include minor changes advocated for by the National Association of REALTORS® (NAR).

NAR Supports Enhancement of Senate Jobs Bill

March 19, 2012: 

On March 14, 2012, NAR signed onto two coalition letters, urging Senate Majority Leader Reid and Republican Leader McConnell to expand the Senate jobs legislation to include provisions aimed to enhance the flow of credit to the small business and commercial real estate sectors.

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