NAR President Gary Thomas talks about strengthening FHA while maintaining its mission of helping households become home owners during good times and bad.
NAR is working to protect the many long-standing tax incentives to home and property ownership.
NAR President Gary Thomas testified this week about the importance of the FHA mortgage insurance program.
FHA may need $943 million from the Treasury to hold 30 years' worth of reserves.
Growing student debt will impact the ability of consumers to access mortgage credit, particularly first time homebuyers.
NAR wrote a letter to the EPA about lead paint hazard regulation in public and commercial buildings following renovations and remodeling activities.
The FHA has taken a number of significant steps to mitigate risk and increase the solvency and strength of the mortgage-insurance fund.
On March 29, FEMA released information on changes to the policies and rates of the National Flood Insurance Program. Highlights of the changes, required under the Biggert-Waters Flood Insurance Reform Bill that passed in 2012, include revised premium rates, a new Reserve Fund assessment, updated rates for non-primary residences, exclusion of certain properties from receiving subsidized premium rates and no extesnions of subsidy to new policies or lapsed policies.
The federal government is phasing out some flood insurance premium subsidies for certain properties. Learn about which properties are affected, why, and where to learn more.
A study finds communities that zoned too strictly for the development of large, single-family homes are at greater risk for foreclosure than areas that accommodate a wider range of housing options.