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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.

EPA Publishes "Framework" for Possible Lead Rule

May 30, 2014: 

EPA is seeking public comment on the “Framework for Identifying and Evaluating Lead-Based Paint Hazards from Renovation, Repair, and Painting Activities in Public and Commercial Buildings.”

CFPB issues $500,000 RESPA Fine

May 30, 2014: 

The Consumer Financial Protection Bureau (CFPB) announced a consent agreement and $500,000 fine to a real estate firm for inadequate disclosure language in an affiliated business disclosure.

Realtors® Back HUD and OMB Nominees Julián Castro and Shaun Donovan

May 28, 2014: 

NAR President Steve Brown has released a statement saying that Realtors® applaud the nominations of Julián Castro and Shaun Donovan as heads of HUD and OMB, respectively.

Patent Litigation Reform Dies in the Senate

May 23, 2014: 

On May 21, Senate Judiciary Chairman, Patrick Leahy (D-VT) announced that he would pull the patent litigation bill that has been under discussion for the past several months from the committee’s agenda.

FCC Propose New Net Neutrality Rules

May 23, 2014: 

On May 15, the Federal Communications Commission (FCC) voted 3-2 to open for public debate new rules meant to guarantee an open Internet.

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