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FHA Property Flipping Waiver

October 3, 2014: 

On Friday, Oct. 3, 2014, NAR President Steve Brown sent a letter to FHA Commissioner Galante urging FHA to extend the property flipping waiver that allows FHA financing on single family properties that are being resold within 90 days of the previous acquisition.

NAR Comments on Mini-correspondents

October 3, 2014: 

On Sept. 30, 2014, NAR wrote to Consumer Financial Protection Bureau (CFPB) director Richard Cordray expressing concern that the CFPB's guidance on mini-correspondent lenders realting to the Ability to Repay/Qualified Mortgage (QM) rule not be interpreted in a way that would reduce access to credit by unfairly discriminating against smaller lenders.

CFPB/HUD Target Marketing

October 3, 2014: 

On Sept. 30, 2014, the Consumer Financial Protection Bureau (CFPB) ordered Lighthouse Title, a Michigan title insurance agency, to pay $200,000 for illegal referrals under the guise of marketing agreements under the Real Estate Settlement Procedures Act (RESPA).

NAR Submits Comments to FAA on UAVs

September 26, 2014: 

In June 2014, the Federal Aviation Administration (FAA) issued comments clarifying the permitted use of unmanned aerial vehicles (UAVs) for commercial purposes.

Rural Housing Eligibility Follow-Up

September 26, 2014: 

On September 26, 2014, NAR President Steve Brown sent a letter to USDA Secretary Vilsack in response to state REALTOR® associations’ concerns about community eligibility for rural housing loans

Scientists Question EPA’s Commercial Lead Paint Approach

September 26, 2014: 

Due to lack of data on actual real-world exposures, EPA has proposed a highly sophisticated alternative “framework” which instead would evaluate the probability that children might someday be exposed to lead paint dangers in a commercial building

New CFPB Webinar on RESPA/TILA

September 19, 2014: 

On Wednesday October 1, 2014 at 2:00 PM EDT the Consumer Financial Protection Bureau (CFPB) and Federal Reserve will be hosting another webinar on the implementation of changes to the Real Estate Settlment Procedures Act (RESPA) and the Truth in Lending Act (TILA).

House Passes 3% Cap Package

September 19, 2014: 

On September 16, 2014, the House of Representatives passed H.R. 5461, a compendium of legislation that had already passed the House that includes H.R. 3211, The Mortgage Choice Act that addresses discrimination in the calculation of fees and points in the Qualified Mortgage Rule.

Realtors® President Calls on Policy Makers to Protect Middle Class Homeownership at Bipartisan Policy Center Housing Summit

September 16, 2014: 

NAR President Steve Brown spoke about obstacles to mortgage credit facing creditworthy buyers today at the Bipartisan Policy Center’s 2014 Housing Summit, Housing America’s Future: New Directions for National Policy.

NAR Participates in FAA Working Group

September 12, 2014: 

NAR has been invited to participate in a Federal Aviation Administration (FAA) working group on Unmanned Aerial Systems (UASs). NAR will educate FAA officials on how REALTORS® are interested in utilizing this technology safely and responsibly. Currently, the FAA prohibits the use of UASs for any commercial purpose, such as creating a video to sell property. The FAA is on track to propose regulations that will establish a timeframe for integrating small UASs into the national airspace. NAR supports regulations that would allow members to use this technology safely but that are not overly cumbersome or expensive.

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