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FHFA Raises Concerns Over Eminent Domain Proposal

August 10, 2012: 

The conservator of Fannie Mae and Freddie Mac sent a notice to the Federal Register announcing the acceptance of public comments on the restructure of performing loans through the use of eminent domain.

Extension of Mortgage Cancellation Relief Goes Forward

August 3, 2012: 

The Senate Finance Committee has crafted and sent to the full Senate a package that would extend the mortgage relief provision for an additional year, through December 31, 2013.

Senate Passes Foreign Investment Bill

August 3, 2012: 

The Senate passed S. 3245, which reauthorizes the EB-5 regional center program that allows foreign investors to channel investment funds into American businesses and developments for three years.

Coalition Urges Extension of Rural Housing Programs

August 3, 2012: 

On Sept. 30, more than 900 communities who currently are eligible for housing programs under the Rural Housing Service in the Department of Agriculture become ineligible.

Senate Committee Conducts Hearing on Section 8 Reform

August 3, 2012: 

Last week the Senate Banking Committee convened a hearing on "Streamlining and Strengthening HUD’s Rental Housing Assistance Programs."

New Summary Explains the 3.8% Tax

August 3, 2012: 

NAR has prepared a new guide to explain in easy-to-understand language what REALTORS® need to know about the 3.8% tax and health care reform.

VA Loan Limits Reinstated, VA ARMs Made Permanent

August 3, 2012: 

President Obama is expected to soon sign a bill that will reinstate the higher VA loan limits, and will make the VA ARM programs permanent.

U.S. House Passes RESPA Home Warranty Clarification Act of 2011

August 2, 2012: 

The bipartisan legislation is designed to counter an erroneous Department of Housing and Urban Development interpretive rule that reversed decades of common understanding of RESPA.

QM, QRM, Basel III: Mortgages for the Wealthy

July 30, 2012: 

NAR hosted dozens of organizations in the Coalition for Sensible Housing Policy this week to discuss three proposed rules that could dramatically alter the Home Mortgage Financing Market. REALTOR® magazine explains the regulations and how they could increase the disparity between wealthy and less-affluent home owners.

NAR Submits Comments on FHFA’s Proposed Affordable Housing Goals

July 27, 2012: 

On July 26, 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 the proposed GSE affordable housing goals for 2012-2014.

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