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HUD Announces Proposed Rule to Reduce Permitted Seller Concessions

February 27, 2012: 

This week the US Department of Housing and Urban Development (HUD) announced a proposed rule on permitted seller concessions for loans insured by the Federal Housing Administration (FHA)http://www.hud.gov/.

Feb. 21, 2012: 3.8% Health Care Tax and Realtor Rally Update

February 21, 2012: 

In the February 21st edition of the President's Podcast, 2012 NAR President Moe Veissi discusses two important issues facing REALTORS®. First, he corrects misinformation that members may have heard about a 3.8 percent tax in the new health care law, and reiterates that it is not a transfer tax. Second, he provides an important update on the rally that REALTORS® are holding to protect the American Dream of Home Ownership on May 17th, 2012 in Washington, DC. He encourages everyone to attend to ensure that REALTORS®' voices will be heard.

FCC Adopts New Telemarketing Rules

February 20, 2012: 

On February 15, the Federal Communications Commission (FCC) unanimously adopted new restrictions on autodialed and prerecorded telemarketing calls, commonly referred to as “robocalls.” The action is designed to harmonize the FCC's Telephone Consumer Protection Act (TCPA) rules with the Federal Trade Commission's Telemarketing Sales Rule (TSR.)

Government Extends Period to Request Review of Foreclosure Handling to July 31

February 20, 2012: 

Borrowers who faced foreclosure in 2009 or 2010 may be eligible for a free independent review of their foreclosures and they now have until July 31, 2012 to make a request for that review.

Proposed Lease Accounting Standards will be Costly

February 20, 2012: 

On February 16, 2012, a coalition of several leading commercial real estate organizations, including NAR, released a report that examines the economic impact of the International Accounting Standards Board (IASB) and Financial Accounting Standards Board’s proposed lease accounting standard.

FHFA Requests Information on PACE Programs

February 20, 2012: 

On Thursday, January 26, the Federal Housing Finance Agency (FHFA) published in the Federal Register an "Advanced Notice of Proposed Rulemaking" (ANPR) requesting information and comments on Property Assessed Clean Energy (PACE) programs.

Administration Proposed Budget for HUD Indicates Premium Increases for FHA

February 20, 2012: 

The proposed fiscal year 2013 budget for the US Department of Housing and Urban Development (HUD) includes information on upcoming premium increases for the Federal Housing Administration (FHA).

FTC Rule Requires Disclosures for Certain Business Recruitment Practices

February 20, 2012: 

February 20, 2012: Brokerages that actively solicit salespeople and promise tangible assistance (such as a customer list) in its solicitations to the salesperson in exchange for a required payment should be aware of new Federal Trade Commission (FTC) regulations that take effect March 1, 2012.

Obama Recommends Extension of Tax Relief

February 20, 2012: 

President Obama's FY 2013 Budget, presented to Congress February 13, includes a recommendation that Congress extend the mortgage cancellation tax relief provisions

NAR Adopts Broader Valuation Policy

February 20, 2012: 

The National Association of REALTORS® (NAR) continues its holistic approach to valuing real property with the adoption of its Responsible Valuation Policy. The document is the culmination of NAR’s efforts to consider all methods of valuing real property.

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