The Obama Administration announced two initiatives to help homeowners and their families. The Administration is reducing fees for Federal Housing Administration (FHA) borrowers seeking to refinance and providing relief to servicemembers and veterans.
On March 5, 2012, NAR President Moe Veissi submitted comments to the Consumer Financial Protection Bureau (CFPB) on efforts to streamline regulations inherited by the CFPB.
March 12, 2012: The NAR Legal Affairs Podcast for March is devoted to a discussion of the FTC Business Opportunity Rule which became effective March 1.
Starting March 20th and 22nd, 2012, the Treasury Department, in collaboration with the National Association of REALTORS®, will hold Making Home Affordable “Help for Homeowners” outreach events in California.
On February 29, key members of NAR committees and leadership met with the Federal Housing Finance Agency (FHFA) and other federal agencies to address the REO to Rental Initiative announced earlier in the week (see separate item). The purpose of this meeting was to express NAR's ongoing concerns about the implementation of the plan to dispose of government owned foreclosed properties by making them available for rental.
On February 27 the Federal Housing Finance Agency (FHFA) announced a pilot program to be operated by Fannie Mae to sell nearly 2500 foreclosed properties in six hard hit foreclosure states for the purpose of providing rental housing.
The U.S. Environmental Protection Agency recently announced that they will keep greenhouse gas permitting thresholds at current levels.
On February 23rd the Obama administration released a report on consumer privacy. The report calls on Congress to enact a consumer privacy "bill of rights."
Senator Debbie Stabenow (D-MI)has introduced S. 2144, a bill that would make the mortgage debt forgiveness rules permanent.