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Federal Reserve Issues Policy Statement on Rental of REOs

April 9, 2012: 

On Thursday, April 5, 2012, the Federal Reserve Board (Fed) issued a policy statement clarifying policies regarding the rental of REO properties acquired by banks through foreclosure.

Federal Appeals Judge Scraps EPA Veto, Agrees with NAR on Mountaintop Coal Mine

April 9, 2012: 

U.S. EPA overstepped its authority when it vetoed a Clean Water Act permit issued for a sprawling mountaintop-removal coal mining project in West Virginia, a federal judge ruled today.

Member Benefits Guide

April 5, 2012: 

The annual NAR membership guide has gone digital.

What's Your Username?

April 3, 2012: 

As social networking websites and blogs continue to gain popularity in the real estate marketing world, real estate professionals are striving to create unique and clever usernames that identify them publicly to others viewing the site. “Number1realtor” or “yourMichiganrealtor” or “jane_chicago_realtor” may sound like unique usernames, but each of these examples violates the National Association of REALTORS® trademark usage rules as well as the bylaws of the [INSERT NAME OF LOCAL ASSOCIATION].

NAR Recommends Enhancements to Proposed Seller Concessions Rule

April 2, 2012: 

NAR generally supports the proposed rule but makes several recommendations to mitigate unintended consequences that may negatively impact communities with higher than average closing costs. NAR recommends allowing seller concessions greater than the proposed 3 percent or $6,000; especially in areas of the country with higher closing costs.

House Committee Passes FHA Bill

April 2, 2012: 

Given the concerns about FHA's overall fiscal stability, this bill balances the needs to protect the fund from taxpayer risk, with the need to continue to provide access to safe and affordable mortgage financing. There is not any plan for timing on the House Floor. There is not yet a companion in the Senate.

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