Realtors® applaud the Senate for moving to consider and debate the Homeowner Flood Insurance Affordability Act, which will help the millions of homeowners who are now facing dramatic flood insurance rate increases.
On December 31, 2013 the Mortgage Cancellation Tax Relief will expire. NAR has been working with Congress since early this year to extend this important real estate tax provision. Without an extension, homeowners who have any amount of a mortgage forgiven by a lender either in a short sale or foreclosure would be subject to paying “phantom income tax” on the amount of the forgiveness.
On Jan. 16, 2014, NAR joined with a group of 18 other real estate associations in sending a comment letter to Senate Finance Committee Chairman Max Baucus (D-MT) regarding a staff discussion draft released by the Committee on Nov. 21, 2013.
On Jan. 16, 2014, Congress passed the Omnibus Appropriations Bill (H.R. 3547) to fund the federal government through Sept. 30, 2014.
On Jan. 14, 2014, NAR submitted a statement for the record to the U.S. House Financial Services Subcommittee on Financial Institutions and Consumer Credit hearing on "How Prospective and Current Homeowners will be Harmed by the CFPB's Qualified Mortgage Rule."
When banks weren’t approving mortgage loans and would-be homebuyers were denied access to credit, Realtors® called on policy makers to take steps to loosen the tight credit environment.
Have you received a demand letter from a “patent troll”? We want to hear from you.
The Federal Housing Administration (FHA) has temporarily waived the blanket hazard, flood, liability and other insurance requirements in Mortgagee Letter 2011-22 for Manufactured Housing, Detached and Common Interest Housing Projects.
The White House Office of Management and Budget (OMB) has reportedly requested that EPA clarify whether the "significance" of a connection between smaller waterbodies and larger downstream waters marks a technical or policy issue -- echoing questions raised by a coalition of regulated stakeholders, including NAR, who are concerned that the agency may not be adequately weighing the issue as it works to clarify jurisdiction of the Clean Water Act (CWA).
The U.S. Court of Appeals for the District of Columbia ruled January 14 that key elements of the Federal Communications Commission’s (FCC’s) 2010 Open Internet Order are invalid.