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NAR Calls on VA to Implement 203(k) Renovation Pilot Program

June 1, 2012: 

The National Association of REALTORS® (NAR) President Moe Veissi sent a letter to the US Department of Veterans Affairs (VA) Secretary Eric Shinski asking the agency to offer a Veterans Renovation Pilot Program similar to the Federal Housing Administration’s (FHA) 203(k) Program.

CFPB Issues Loan Officer Compensation and Fees and Points Proposal (and real estate commissions)

June 1, 2012: 

On May 23, 2012, The Consumer Financial Protection Bureau CFPB held a small business review panel to evaluate proposed changes to the Federal Reserve’s Loan Officer Compensation Rule as well as offer alternatives as to how borrowers can be charged fees and points.

CFPB Delays Qualified Mortgage to Get More Data

June 1, 2012: 

On Thursday May 31, 2012, the Consumer Financial Protection Bureau (CFPB) announced that it would be seeking additional information on loan performance with regard to Debt to Income (DTI) ratios and a few other factors.

Contested Application Procedures for New Board Formation and/or Release of Jurisdication

May 30, 2012: 

The following procedures are used by the Membership Policy and Board Jurisdiction Committee to process applications for new board status or applications for change of jurisdiction when the requested territory is presently assigned to another board and the board is unwilling to voluntarily release the territory.

Congress Raises Concern About Lease Accounting Proposal

May 25, 2012: 

Reps. Sherman (D-CA) and Campbell (R-CA) sent a bipartisan letter signed by 58 other lawmakers to the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) urging the accounting standard setters to conduct a comprehensive economic analysis of its recent lease accounting proposal before making a final rule.

14 Simple Steps for Safeguarding Your Office

May 24, 2012: 

You can help safeguard your business’s (and your personal) property, and the safety of all who work in the office, with a few procedures and precautions.

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