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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.

Extending Mortgage Cancellation Relief

February 15, 2012: 

In the 6-minute video, NAR Director of Tax Policy Linda NAR Director of Tax Policy Linda Goold talks about the hurdles facing extension of the popular mortgage cancellation law designed to help hard-hit home owners.

Speaking of Real Estate Blog: Budget Again Includes Unpopular Curb on MID, Other Deductions

February 14, 2012: 

NAR's Speaking of Real Estate Blog notes that the value of the mortgage interest deduction (MID) and other itemized deductions for wealthier households would be trimmed in the fiscal 2013 budget proposal.

The Long-Term Value of Home Ownership

February 13, 2012: 

Home ownership continues to be a sound investment over the long term. In the October 2010 white paper “The Long-Term Value of Home Ownership in the U.S.,” the National Association of REALTORS® offers a historical look at the social and economic effects of home ownership over the last 50 years.

USDA Unveils Rural Refinance Pilot

February 13, 2012: 

The US Department of Agriculture’s (USDA) Rural Development announced a pilot refinance program for the Single Family Housing Guaranteed Loan Program (SFHGLP).

Treasury Department Holding Short Sale Outreach Event for Real Estate Professionals

February 13, 2012: 

Starting February 22, 2012, the Treasury Department, in collaboration with the National Association of REALTORS®, will hold Making Home Affordable “Help for Homeowners” outreach events across the country.

House Subcommittee Passes Section 8 Reform Bill

February 13, 2012: 

Last week the Insurance and Housing Subcommittee of the House Financial Services Committee passed a the "Affordable Housing and Self-Sufficiency Improvement Act of 2012" (AHSSIA, no bill number).

NAR Supports Internet Sales Tax Fairness

February 13, 2012: 

On February 1, 2012, NAR, along with dozens of other organizations sent a letter to the U.S. Senate Finance Committee as well as a letter to the Chairman of the Committee (Sen. Baucus, D-MT) asking for support of S.1832, the Marketplace Fairness Act.

Fannie Mae Announces New Online Offer System

February 13, 2012: 

On February 7, 2012, Fannie Mae announced the rollout of its online offer system for offers made on Fannie Mae-owned properties listed on the company's REO website, www.HomePath.com.

Federal Government and 49 States Enter into $25 Billion Mortgage Servicing Settlement

February 13, 2012: 

On Thursday, February 9, 2012 the federal government and 49 states entered into a settlement dealing with the mortgage servicing issues emanating from the foreclosure crisis of the last few years including the "robo-signing" scandal.

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