On March 24, 2014, six federal agencies issued a joint proposed rule to implement minimum requirements for state registration and supervision of appraisal management companies (AMCs).
NAR President Steve Brown thanks REALTORS(R) for stepping up to encourage lawmakers to pass legislation that eases drastic flood insurance rate hikes. President Obama has now signed the bill into law.
On March 21, 2014, President Obama signed the “Homeowner Flood Insurance Affordability Act” into law.
On March 19, 2014, President Steve Brown wrote a letter to the Federal Housing Administration (FHA) about the significant drops in loan limits in some areas with revised Metropolitan Statistical Area (MSA) determinations.
On March 20, 2014, NAR President Steve Brown submitted comments on the Federal Housing Finance Agencies (FHFA) request for information on lowering the loan purchase limits for Fannie Mae and Freddie Mac (the Enterprises).
The Consumer Financial Protection Bureau (CFPB) listened to NAR in producing the new RESPA/TILA rule.
The Internal Revenue Service is seeking volunteers to serve on the Taxpayer Advocacy Panel (TAP).
NAR President Steve Brown met with HUD Secretary Shaun Donovan and the head of the National Economic Council on the reform of the secondary mortgage market.
In this short video, NAR Senior Policy Representative Austin Perez explains how the bill will impact the flood insurance rates paid by homeowners.
NAR Senior Policy Representative Austin Perez and NAR Legislative Policy Representative Erin Stackley discuss the impact that the new flood insurance law will have on commercial properties.