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Is Student Debt Impacting the Housing Market?

June 25, 2014: 

Student loan debt is a growing concern for REALTORS®, because of its impact on household formation. What is NAR doing to address the issue of growing student debt? NAR's 2014 President, Steve Brown explains in his latest video.

House Committee Approves TRIA Bill

June 20, 2014: 

On Friday, June 20th, the House Financial Services Committee approved Rep. Randy Neugebauer’s (R-TX) TRIA Reauthorization bill, H.R. 4871, by a vote of 32 to 27.

FHA Reverse Mortgage Changes

June 20, 2014: 

On June 18, 2014, the Federal Housing Administration (FHA) released two Mortgagee Letters on the Home Equity Conversion Mortgage (HECM) program.

House Passes 3% Cap Bill

June 13, 2014: 

On Monday, June 9, 2014, The House of Representatives passed H.R. 3211, "The Mortgage Choice Act" which addresses discrimination in the calculation of fees and points under the Ability to Repay/Qualified Mortgage (QM) rule.

REALTORS® Applaud House Passage of Mortgage Choice Act

June 10, 2014: 

The Mortgage Choice Act, passed by the U.S. House of Representatives last night, redefines a provision in the rules that allow for home loans to be considered Qualified Mortgages.

NAR Comments on 3% Cap

June 6, 2014: 

On Thursday, June 5, 2014, NAR submitted comments on the Consumer Financial Protection Bureau's (CFPB) proposal to implement a limited cure provision for loans that exceed the 3% cap on fees and points under the Qualified Mortgage (QM) safe harbor.

NAR Comments on AMC Rule

June 6, 2014: 

On June 6, 2014, NAR President Steve Brown submitted comments to five federal agencies in response to a proposed rule on minimum requirements for appraisal management companies (AMCs).

New FHA Lender Performance Metric

June 6, 2014: 

On June 4, 2014, NAR submitted comments to the Federal Housing Administration (FHA) on its supplemental lender performance metric.  NAR hopes this new tool will encourage lenders to loosen credit overlays and ease the fear of back-end enforcement actions by FHA.

Homebuyer Flood Insurance Relief

June 6, 2014: 

On May 30, 2014, FEMA announced the Flood Premiums and Rate Tables for 2015.

Senate Banking Approves TRIA Bill

June 6, 2014: 

On Tuesday, June 3, the Senate Banking Committee held a mark up hearing of S. 2244, Senator Schumer’s Terrorism Risk Insurance Act (TRIA) reauthorization bill.  In a strong showing of support, the bill was unanimously approved by the Committee.  NAR sent a letter of support for the bill to all the members of the Committee, and urged those Senators who had not already to cosponsor it.

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