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NAR Supports U.S. REIT Act

June 15, 2012: 

On June 11, 2012, a coalition of real estate organizations, including NAR, wrote to Reps. Tiberi (R-OH) and Neal (D-MA) thanking them for introducing H.R. 5746, the Update and Streamline REIT Act (U.S. REIT Act).

Members of Congress Send Letter to FHA on Condos

June 11, 2012: 

Sixty-nine Members of the House of Representatives wrote to the FHA last week, asking them to loosen restrictions on the sale of condominiums.

Congress Extends Flood Insurance for 60 days

June 1, 2012: 

On May 30, 2012, the House of Representatives passed a 60-day extension of the National Flood Insurance Program (NFIP).

NAR Supports Pilot Program to Incentivize Counseling

June 1, 2012: 

NAR sent a letter to Rep. Karen Bass (D-CA) supporting the "Homeownership Preservation Education Act of 2012".

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.

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