Promote NAR's Call For Action urging Congress to extend Mortgage Debt Forgiveness Tax Relief to help meet the Advocacy component of the Core Standards for State and Local Associations.
Over the past four years, FHA has made several administrative changes to mitigate risk. FHA has increased mortgage insurance premiums (MIP), hired the agency’s first Credit Risk Officer, implemented a credit score floor, required a greater downpayment for borrowers with lower credit scores, and adopted a series of measures to increase lender responsibility and enforcement.
On Nov. 10, 2014, President Obama asked the Federal Communications Commission (FCC) to take up the strongest possible rules to protect net neutrality, the principle that says Internet service providers (ISPs) should treat all internet traffic equally.
The Environmental Protection Agency (EPA) and the U.S. Army Corps of Engineers (The Corps) have issued a controversial proposed regulation that would place more water bodies under federal authority, which would result in more property rights violations, more time consuming and expensive permits, more regulatory red tape, and less economic development in communities across the country.
On Nov. 10, 2014, Fannie Mae published an update to its lender selling guide to improve and streamline its condo project approval process.
On Nov. 7, 2014, the Department of Veterans Affairs issued new guidance that allows veterans to negotiate the payment of wood destroying insect inspection fees in select southern and western states.