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NAR Meets with FHFA on Short Sales

February 27, 2012: 

On February 15, 2012, the National Association of REALTORS® met with representatives from Fannie Mae and Freddie Mac (the government-sponsored enterprises or GSEs), and GSE regulator, the Federal Housing Finance Administration, toidentify issues impeding the short sale process.

CFPB Issues Outline of RESPA/TILA Rule Proposal

February 27, 2012: 

On Tuesday, Feb. 21, 2012, the Consumer Financial Protection Bureau (CFPB) issued a 42 page outline of issues to be considered in crafting the underlying RESPA/TILA regulations to govern a harmonized RESPA/TILA form set.

FHFA Releases Blueprint for Further GSE Reforms

February 27, 2012: 

On Tuesday February 21, 2012 the Federal Housing Finance Agency released a blueprint for further reforms of Fannie Mae and Freddie Mac (GSEs).

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).

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