NAR has been invited to participate in a Federal Aviation Administration (FAA) working group on Unmanned Aerial Systems (UASs). NAR will educate FAA officials on how REALTORS® are interested in utilizing this technology safely and responsibly. Currently, the FAA prohibits the use of UASs for any commercial purpose, such as creating a video to sell property. The FAA is on track to propose regulations that will establish a timeframe for integrating small UASs into the national airspace. NAR supports regulations that would allow members to use this technology safely but that are not overly cumbersome or expensive.
On September 8, 2014, NAR submitted comments to FHFA in response to its Request for Input on the guarantee fees (g-fees) that Fannie Mae and Freddie Mac (the government-sponsored enterprises or Enterprises) charge lenders; and to raise concerns about implementation of the proposed increases to both the g-fee and up-front fees charged to borrowers (loan level pricing adjustments or LLPAs).
On September 8, 2014, NAR submitted comments to FHFA on its proposed draft Private Mortgage Insurer Eligibility Requirements (PMIERs) for companies that insure mortgage loans owned or guaranteed by Fannie Mae and Freddie Mac. The proposed requirements are important to NAR members as private mortgage insurance is often required for borrowers with down payments less than 20 percent. In its letter, NAR focused on three points:
On September 9, 2014, the House voted 262-152 to pass HR 5078, the ‘Waters of the U.S.’ Regulatory Overreach Protection Act by Reps.
Many states have experienced delayed processing times for the Single Family Rural Housing Direct and Guaranteed Loan Programs.
Find out how NAR supports you with its advocacy efforts.
NAR President Steve Brown and NAR Chief Lobbyist Jerry Giovaniello discuss REALTORS' legislative priorities as Congress returns for its last four weeks before the 2014 elections.
NAR has been working with the U.S. Environmental Protection Agency (EPA) to help guide the agency’s efforts to identify lead paint hazards in remodeling activities in commercial buildings.
FEMA has updated THE manual which insurance companies use to write flood insurance policies. The comprehensive manual provides answers to just about any question a REALTOR® or REALTOR® Association staffer may have regarding flood insurance, ranging from how condos are treated to rate tables as revised by the Homeowner Flood Insurance Affordability Act enacted earlier this year.
On August 26, 2014, the Federal Housing Administration (FHA) issued its final rule to eliminate post-payment interest charges on FHA-insured single family mortgages.