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Flood Bill Helps Commercial

March 14, 2014: 

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.

Internet Sales Tax Hearing

March 14, 2014: 

On March 12, the House Judiciary Committee held a full committee hearing on "Exploring Alternative Solutions on the Internet Sales Tax Issue." During the hearing, Members on the committee and the witnesses, who included a representative from shopping mall owners/operators, tax attorneys, and former U.S.

Proposed Elimination of FHA “Prepayment Penalty”

March 14, 2014: 

On March 13, 2014, the Department of Housing and Urban Development (HUD) issued a proposed rule to eliminate Federal Housing Administration (FHA) post-payment interest charges. The policy change would prohibit mortgagees from charging borrowers interest on their home mortgages for days or weeks after a principal balance pay-off. The proposed rule will align HUD policy with the Consumer Financial Protection Bureau’s Final Qualified Mortgage Rule.

FHA Short Sale Dual Agency

March 14, 2014: 

Some NAR members have received communications from servicers, such as Bank of America, that dual agency is not allowed in FHA short sales transactions.  This is not correct.

Interstate Land Sales Act Bill Introduced

March 14, 2014: 

On Tuesday March 11, 2014, Senators Charles Schumer (D-NY, Dean Heller (R-NV) and Kristen Gillibrand (D-NY) introduced S. 2101, a bill to amend the Interstate Land Sales Full Disclosure Act (ILSA) to clarify how the act applies to condominiums.

Mortgage Debt Forgiveness: It’s All About Fairness

March 7, 2014: 

In his latest video, NAR President Steve Brown explains why NAR supports an extension on mortgage debt cancellation relief. Take a look.

House Passes Flood Insurance With Amendments

March 5, 2014: 

On March 4, 2014, the House voted 306-91 to approve the Homeowner Flood Insurance Affordability Act (H.R. 3370) with amendments.

Realtors® Applaud House Passage of Bipartisan Flood Insurance Affordability Bill

March 5, 2014: 

The Homeowner Flood Insurance Affordability Act is a responsible solution to the flood insurance rate increases triggered by the Biggert-Waters reforms.

Downpayment Assistance for FHA Loans

March 4, 2014: 

Learn more about acceptable sources of down payment assistance for FHA loans in this new NAR issue brief.

Steve Brown Responds to WSJ on Flood Insurance

March 4, 2014: 

NAR President Steve Brown's letter stressed the "need to fully understand the dramatic impact these increases have on property values and ownership sustainability."

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