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NAR Meets With CFPB

June 22, 2012: 

On June 19, 2012, NAR President Moe Veissi met with Richard Cordray, Director of the Consumer Financial Protection Bureau (CFPB) to discuss a wide range of topics including the Qualified Mortgage (QM) and RESPA/TILA rulemakings, as well as upcoming rulemakings covering servicing standards and loan officer compensation.

NAR Testifies Before House Financial Services Subcommittee on RESPA/TILA Harmonization

June 22, 2012: 

On Wednesday, June 20, 2012, NAR 2012 President Moe Veissi testified before the House Financial Services Subcommittee on Insurance, Housing, and Community Opportunity on the forthcoming Consumer Financial Protection Bureau (CFPB) rulemaking on RESPA/TILA harmonization.

Senate Passes Rural Housing Amendment

June 22, 2012: 

As part of the Farm Bill (S.3240), the Senate passed an amendment by Senators Nelson (D-NE) and Johanns (R-NE) that will grandfather communities currently eligible for rural housing programs, and increase the population threshold for those communities to 35,000.

Lawmakers Raise Concerns on PCCRA and QRM

June 22, 2012: 

On June 19, 2012, twelve members of Congress, led by Sens. Hagan (D-NC) and Crapo (R-ID), issued a letter expressing concern to six banking agencies regarding their proposed risk retention regulations.

Fannie Mae Issues Guidance on Private Transfer Fee Covenants

June 22, 2012: 

Fannie Mae issued Selling Guide Announcement SEL-2012-05. The Guide states that effective July 16, 2012, Fannie Mae will not purchase or securitize mortgages on properties encumbered by private transfer fee (PTF) covenants that were created on or after February 8, 2011.

NAR Submits Comments on FHFA Strategic Plan

June 22, 2012: 

On June 13, 2012, NAR President Moe Veissi submitted comments to the Federal Housing Finance Agency (FHFA, the conservator of Fannie Mae and Freddie Mac (the GSEs)) on its Strategic Plan for Fiscal Years 2013-2017 that incorporates the strategic plan for the conservatorships of Fannie Mae and Freddie Mac FHFA sent to Congress in February 2012.

Order REALTOR® Party Materials

June 20, 2012: 

NAR and the REALTOR® Team Store have partnered to offer REALTOR® Party and REALTOR® Rally items to REALTORS® and your associations at a low cost.

June 18, 2012: REALTOR® Party Winning for You

June 18, 2012: 

2012 NAR President Moe Veissi highlights the broad array of recent REALTOR® Party legislative and electoral wins in the latest "Mondays with Moe" President's Podcast.

Update on Basel III and Final Rule for Basel 2.5

June 15, 2012: 

On June 7, 2012, the Federal Reserve Board of Governors unanimously approved the release of three Notices of Proposed Rulemaking (NPRs) for Basel III and the final rule for Basel 2.5.

Dept. of Interior Declines to List Dunes Lizard as Endangered in N.M. and Texas

June 15, 2012: 

As a result of unprecedented commitments by private landowners to voluntary conservation agreements now in place in New Mexico and Texas that provide for the long-term conservation of the dunes sagebrush lizard, the U.S. Fish and Wildlife Service has determined that the species does not need to be listed under the Endangered Species Act.

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