NAR President Steve Brown has released a statement saying that Realtors® applaud the nominations of Julian Castro and Shaun Donovan as heads of HUD and OMB, respectively.
On May 21, Senate Judiciary Chairman, Patrick Leahy (D-VT) announced that he would pull the patent litigation bill that has been under discussion for the past several months from the committee’s agenda.
On May 15, the Federal Communications Commission (FCC) voted 3-2 to open for public debate new rules meant to guarantee an open Internet.
NAR President Steve Brown sent letters to both the House and Senate Appropriations Subcommittee on Agriculture last week, urging support for Rural Housing Service (RHS) loans.
In a May 21 article appearing in Roll Call, 2014 NAR President Steve Brown urged Congress to focus on policy that stems the decline in middle class home ownership.
REALTOR® University recently launched a 4 hour online training course for REALTORS® and Association and MLS staff on privacy and data security.
Federal Housing Finance Agency (FHFA) Director Mel Watt made his first public speech addressing FHFA’s strategic plan for Fannie Mae and Freddie Mac that improves liquidity in the present single-family housing finance market.
On May 13, 2014, FHA released its “Blueprint for Access” which offers a pilot housing counseling program as well as enhanced quality assurance measures. FHA hopes these efforts will expand access to credit for underserved borrowers.
The inability of the U.S. Congress to compromise on key issues such as immigration reform, healthcare and government spending will likely continue through President Obama’s second term.
Homeownership is expected to retain its political luster through the 2014 election cycle.