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Overly Restrictive FHA Rules Making it Harder for Consumers to Buy, Sell Condos

November 9, 2013: 

While the Federal Housing Administration has loosened its condominium approval requirements in recent years, many properties continue to struggle to meet overly stringent criteria and the majority of properties are being denied.

Federal Housing Administration Leaders Optimistic for Future

November 8, 2013: 

The Federal Housing Administration is at a critical crossroads, but with the best performing books of business in its 80-year history, FHA is prepared for the future.

NAR Testifies on GSE Reform

November 1, 2013: 

On Oct. 29, 2013, NAR President Gary Thomas testified at a U.S. Senate Banking Committee hearing entitled, "Housing Finance Reform: Essentials of a Functioning Housing Finance System for Consumers."

Flood Insurance Affordability Bill Introduced

November 1, 2013: 

On Oct. 29, 2013, Senators Robert Menendez (D-NJ) and Johnny Isakson (R-GA) introduced the NAR-supported “Homeowner Flood Insurance Affordability Act” (S. 1610), to delay unintended rate increases under the Biggert-Waters law and its implementation.

Risk Retention Re-proposal Trade Letter

November 1, 2013: 

On Oct. 30, real estate and finance industry groups, including NAR, sent a joint trade letter the agencies responsible for the QRM rules (the Federal Reserve, FDIC, HUD, SEC, Department of the Treasury, and the FHFA) regarding commercial real estate elements of the re-proposed rule on credit risk retention ("the Re-proposal").

NAR Comments on FHA QM Rule

November 1, 2013: 

On Oct. 29, 2013, NAR commented on FHA's proposed Ability to Repay/Qualified Mortgage(QM) Rule.

Senate 3% Cap Bill Introduced

November 1, 2013: 

On Monday, Oct, 28, 2013, Senators Joe Manchin (D-WV), Senator Mike Johanns (R-NE), Carl Levin (D-MI), Pat Toomey (R-PA), Debbie Stabenow (D-MI) and Mark Kirk (R-IL) introduced S. 1577: The Mortgage Choice Act.

Realtors® to Regulators: Aligning QRM with QM Assures Safe, Sound Mortgage Lending

October 31, 2013: 

NAR believes that aligning the QRM definition with the QM definition removes the risky product features and low- or no-documentation lending that led to increased defaults, without excluding those buyers who are unable to afford a high down payment.

NAR President on Capitol Hill to Talk Government Guarantee, 30-Year Fixed

October 30, 2013: 

NAR President Gary Thomas was in Washington this week, where he testified on Capitol Hill about the importance of a government guarantee and the preservation of the 30-year fixed-rate mortgage. Gary provides a recap of his visit in his latest video podcast. Watch it now.

Realtors® Advocate Housing Finance System Overhaul That Protects Taxpayers and Access to Credit

October 29, 2013: 

On behalf of the leading advocate for homeownership and housing issues, NAR President Gary Thomas recommended essential reforms to the current housing finance structure that will benefit consumers.

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