Your clients share a great deal of sensitive personal information with you—it is important to your business to properly protect that data and NAR has created resources to help.
Get news and background information on the issue of condominium approvals, including the latest on the FHA's effort to clarify, expand, consolidate and update existing guidance on the approval process for single family housing condos.
2013 NAR President Gary Thomas wishes REALTORS® a happy new year and asks all members to stay engaged during a busy year ahead for real estate.
NAR has been actively involved in shaping the debate and structure of the Qualified Mortgage (QM) Rule issued by the Consumer Financial Protection Bureau (CFPB) created by the Dodd-Frank Reform Act. NAR achieved a significant victory in obtaining a safe harbor in the QM rule for loans underwritten to the automated standards of Fannie Mae/Freddie Mac, the Federal Housing Authority, Veterans Administration and Rural Housing Service (within their respective loan limits) for up to seven years.
Steve Brown, NAR's 2013 President-Elect, thanks REALTORS® for a job well done in the most recent call for action in which REALTORS generated 143,000 letters to Congress in less than a month, asking them to do no harm to housing. He also reviews the outcomes of the recent legislation to avoid the fiscal cliff that will help continue the real estate market recovery.
On Jan. 1 both the Senate and House passed H.R. 8, legislation to avert the “fiscal cliff.” The bill was signed into law by President Barack Obama on Jan. 2.
On Sept. 20, 2012, The Federal Housing Finance Agency (FHFA, the conservator of Fannie Mae and Freddie Mac (the GSEs) proposed adjustments to the Guarantee fees charged by Fannie Mae and Freddie Mac for individual states where the GSEs estimated longer timelines and higher costs for completing foreclosures.
Earlier this year, the Federal Housing Finance Agency (FHFA, the conservator of Fannie Mae and Freddie Mac (the GSEs) released a white paper on the creation of a common secondary market securitization platform to begin the process of GSE Reform.
On Dec. 17, 2012, FEMA is launching the Online Letter of Map Change (LOMC) - a new way to submit a request to change a property’s flood zone designation.
On Thursday, Dec. 13, 2012, The Consumer Financial Protection Bureau (CFPB) announced its proposed policy to allow companies to test new consumer disclosures on a case-by-case basis.