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NAR Comments on RESPA/TILA Proposal to Change APR

September 4, 2012: 

NAR submitted comments on a small part of the 1,100 page RESPA/TILA harmonization regulatory proposal seeking to change the annual percentage rate or APR calculation. 

NAR President Praises New Help for Struggling Homeowners

August 27, 2012: 

The Federal Housing Finance Agency on Tuesday announced measures to make short sales of underwater homes easier for homeowners, including extending help to people who have financial difficulties but haven’t missed mortgage payments.

FHFA Announces New Short Sale Guidance

August 24, 2012: 

Fannie Mae and Freddie Mac will be issuing new guidelines to enhance and streamline the short sale process.

CFPB Issues Proposed Rule on Mortgage Servicing

August 24, 2012: 

The Consumer Finance Protection Bureau (CFPB) issued a proposed rule covering a number of mortgage servicing topics.

Republican Platform Support for MID a Win for Home Owners

August 23, 2012: 

Republicans writing their party platform for their upcoming 2012 convention in Tampa next week inserted language specifying their support for the mortgage interest deduction.

MID Platform Win Shows Impact of Activism

August 23, 2012: 

REALTOR magazine describes the devotion from two real estate professionals and others who are delegates to the Republican National Convention to push through language in their party’s platform that explicitly calls for protecting the mortgage interest deduction.

My REALTOR® Party: Young Members Promote Political Involvement

August 20, 2012: 

The Young Professionals Network of the Greater Nashville Association of REALTORS® proves that the industry’s youngest members are not just about light-hearted happy hours: They can take on serious issues, raise serious funds, and throw a seriously great party!

Government Extends Period to Request Review of Foreclosure Handling to Dec. 31, 2012

August 17, 2012: 

Borrowers who faced foreclosure in 2009 or 2010 may be eligible for a free independent review of their foreclosures and they now have until Dec. 31, 2012, to make a request for that review.

New Rules Proposed for Higher-Risk Mortgages

August 17, 2012: 

The Federal Reserve Board has joined with five other federal regulatory agencies in proposing a new rule to impose appraisal requirements for loans secured by a borrower’s home and bearing interest rates higher than the average prime offer rate (APOR) for comparable properties and mortgages.

Coalition Urges Passage of Foreign Investment Bill

August 17, 2012: 

NAR championed a coalition letter to House Leadership and the House Judiciary Committee urging support for Senate legislation reauthorizing the EB-5 regional center program.

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