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NAR Supports U.S. REIT Act

June 15, 2012: 

On June 11, 2012, a coalition of real estate organizations, including NAR, wrote to Reps. Tiberi (R-OH) and Neal (D-MA) thanking them for introducing H.R. 5746, the Update and Streamline REIT Act (U.S. REIT Act).

Inflation Watch

June 15, 2012: 

In the Inflation Watch Series, NAR Research focuses on the price level. We monitor measures of inflation that affect the business of REALTORS® and summarize their impact, highlighting areas of potential concern in a brief, polished presentation. Released monthly, Inflation Watch enables REALTORS® to gain the insight needed to confidently discuss this important market factor with other professionals and clients.

Members of Congress Send Letter to FHA on Condos

June 11, 2012: 

Sixty-nine Members of the House of Representatives wrote to the FHA last week, asking them to loosen restrictions on the sale of condominiums.

June 2012 Podcast: RESPA Expert Discusses Impact of Freeman Case Decision

June 6, 2012: 

In this June 2012 Legal Affairs podcast, attorney Phil Schulman reviews the Freeman v. Quicken Loans, Inc.  decision by the Supreme Court of the United States and what it means for real estate brokerages and their administrative fees.

Supreme Court Ruling Favors Real Estate Brokerages

June 4, 2012: 

Late last week, the U.S. Supreme Court ruled favorably on a case involving unearned fees under Real Estate Settlement Procedures Act (RESPA). While the ruling was about mortgage lending, it has direct implications for real estate brokerages and the transparency of settlement service fees.

June 4, 2012: An Interview With Bank of America

June 4, 2012: 

In this week's President's Podcast, 2012 NAR President Moe Veissi welcomes Vice President and Liaison to Government Affairs Scott Louser and Bank of America Executive Matt Vernon.

NAR Supports Pilot Program to Incentivize Counseling

June 1, 2012: 

NAR sent a letter to Rep. Karen Bass (D-CA) supporting the "Homeownership Preservation Education Act of 2012".

NAR Calls on VA to Implement 203(k) Renovation Pilot Program

June 1, 2012: 

The National Association of REALTORS® (NAR) President Moe Veissi sent a letter to the US Department of Veterans Affairs (VA) Secretary Eric Shinski asking the agency to offer a Veterans Renovation Pilot Program similar to the Federal Housing Administration’s (FHA) 203(k) Program.

CFPB Delays Qualified Mortgage to Get More Data

June 1, 2012: 

On Thursday May 31, 2012, the Consumer Financial Protection Bureau (CFPB) announced that it would be seeking additional information on loan performance with regard to Debt to Income (DTI) ratios and a few other factors.

Congress Raises Concern About Lease Accounting Proposal

May 25, 2012: 

Reps. Sherman (D-CA) and Campbell (R-CA) sent a bipartisan letter signed by 58 other lawmakers to the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) urging the accounting standard setters to conduct a comprehensive economic analysis of its recent lease accounting proposal before making a final rule.

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