The VA loan limits have remained at higher levels since 2008, at 150% of the GSE loan limits.
On Nov. 10, 2014, President Obama asked the Federal Communications Commission (FCC) to take up the strongest possible rules to protect net neutrality, the principle that says Internet service providers (ISPs) should treat all internet traffic equally.
The Environmental Protection Agency (EPA) and the U.S. Army Corps of Engineers (The Corps) have issued a controversial proposed regulation that would place more water bodies under federal authority, which would result in more property rights violations, more time consuming and expensive permits, more regulatory red tape, and less economic development in communities across the country.
On Nov. 10, 2014, Fannie Mae published an update to its lender selling guide to improve and streamline its condo project approval process.
On Nov. 7, 2014, the Department of Veterans Affairs issued new guidance that allows veterans to negotiate the payment of wood destroying insect inspection fees in select southern and western states.
NAR welcomes President Obama’s bold support for true net neutrality rules that preserve an open Internet and allow for equal, unencumbered access to this powerful driver of economic activity for both small businesses and consumers.
Now that Republicans have regained control of the U.S. Senate and increased their majority in the U.S. House of Representatives, the GOP should be poised to pass sweeping reforms, but polarization and infighting will likely stand in the way of any legislative victories.
Realtors® hold the key to homeownership for many consumers, but providing options for prospective homebuyers in rural areas is often more difficult due to a lack of affordable inventory and access to mortgage credit.
On Oct. 28, 2014, NAR President Steve Brown submitted comments on the Federal Housing Finance Agency’s (FHFA) proposed rule to establish housing goals for the GSEs for 2015-2017.
On Tuesday, Nov. 18, 2014 at 2:00 PM EST the Consumer Financial Protection Bureau (CFPB) and the Federal Reserve will hold their 4th webinar on changes to the Real Estate Settlment Procedures Act (RESPA) and the Truth in Lending Act (TILA).