The U.S. Supreme Court handed private property owners a victory with a unanimous decision on March 21 allowing a couple to appeal an EPA ruling that their property contains a wetlands.
By a 74-22 vote, the Senate passed on March 14 a long-term surface transportation authorization known as "MAP-21" ("Moving Ahead for Progress in the 21st Century"). The bill largely maintains current funding levels for federal transportation programs over the next two years, with some changes to program structures and policies.
On March 9, 2012, the U.S. Department of the Treasury issued Supplemental Directive 12-02 that extends the Making Home Affordable (MHA) program to the end of 2013, and makes several changes to the Home Affordable Modification Program (HAMP) to increase the number of eligible participants.
On Monday, March 12, 2012, the federal government released details of the $25 billion dollar national mortgage settlement stemming from the "robo-signing" scandal. The agreement with Bank of America Corporation, JPMorgan Chase & Co., Wells Fargo & Company, Citigroup Inc.
The Federal Housing Finance Agency (FHFA) released the final rule on private transfer fees. The final rule is not substantively different than the proposed rule; however, it does include minor changes advocated for by the National Association of REALTORS® (NAR).
NAR President Moe Veissi invites one of NAR's most respected leaders and statesmen, 2001 NAR President Richard Mendenhall, to share an inspiring and entertaining story of how General Schwarzkopf realized the no. 1 role of leadership: raise the bar. The story punctuates the reason for the REALTOR® rally in May to make sure housing is protected for generations to come.