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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.

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.

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