On Friday, December 13, FHA released its Annual Report to Congress and the FY 2013 Independent Actuarial Assessment of the FHA Mutual Mortgage Insurance Fund.
Much has been going on in the area of loan limits. Last month, the FHFA announced that the loan limits for Freddie Mac and Fannie Mae would not be going down in 2014, as had been previously suggested.
On Wednesday December 11, 2013, the Federal Housing Administration (FHA) released its final Ability to Repay/Qualified Mortgage (QM) Rule.
In response to delays encountered in the implementation of the federally administered health exchange website, Healthcare.gov, the U.S. Department of Health and Human Services formally issued regulations on December 12th extending the deadline for signing up via the website for health insurance that would take effect on January 1, 2014.
On December 13, 2013, NAR President Steve Brown sent a letter to Charles Coulter, Deputy Assistant Secretary for Single Family Housing, concerning the draft FHA Single Family Handbook.
On December 12, 2013, The Federal Reserve Board, along with five other federal regulatory agencies, issued a final rule to exempt a subset of higher priced mortgage loans (HPML) from certain appraisal requirements.
The 2013 NAR Legislative and Regulatory Year in Review document gives you a quick overview of the issues NAR tackled in 2013.
On Dec. 5, 2013 the U.S. House passed the H.R. 3309 “Innovation Act” aimed at curbing abuses in the patent litigation system.
The EPA and the Army Corps of Engineers have released a cost-benefit analysis in support of their proposed rule to regulate all waters of the U.S. under the Clean water Act.
NAR Applauds House Passage of Legislation to Protect Realtors® from Frivolous Patent Infringement Lawsuits
Today the U.S. House of Representatives passed The Innovation Act of 2013, which will help curb abusive patent litigation and licensing schemes that can hurt REALTORS®.