At a recent forum, hosted by the National Academy of Sciences, 2014 NAR President Steve Brown testified that flood insurance is becoming increasingly unaffordable for homeowners who are required to purchase it.
Last week NAR joined forces with a coalition of groups to urge HUD to make flood mitigation an explicit eligible use of the FHA 203k loan program.
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NAR has been working with Congress for the last three years to ensure that rural communities continue to have access to rural housing programs.
On Jan. 30, HUD announced that it will now accept electronic signatures on most documents involved in FHA mortgage insurance, mortgage servicing, loss mitigation and FHA insurance claims.
In a letter to Congress today, the Main Street Patent Coalition called for comprehensive common sense patent reform legislation.
On Jan. 30, Senate Commerce Committee Chairman Jay Rockefeller (D-WV), in the wake of data breaches at Target and Neiman Marcus, reintroduced a bill aimed at curbing that threat. This marks Rockefeller's third effort at data security legislation.
The Homeowner Flood Insurance Affordability Act, S. 1926, passed by the Senate this afternoon is the time-out Realtors® first advocated when dramatic flood insurance premium increases went into effect on October 1, 2013.
On Jan. 30, 2014, the United States Senate voted 67-32 to approve the Homeowner Flood Insurance Affordability Act (S. 1926), sponsored by Senators Menendez (D-NJ) and Isakson (R-GA).
NAR commends President Obama for highlighting two key policy reforms during his State of the Union address tonight that support the future of homeownership and the business of real estate.