On Oct. 16, 2014, President Steve Brown sent a letter to FHA Commissioner Carol Galante in response to member concerns about the Single Family Note Sales Program (SFLS).
President Steve Brown and NAR staff talk about the 2014 midterm elections, NAR supported candidates, and elections important to the future of the industry.
On Sept. 26th, 2014, the President signed into law H.R 2600, a bill to amend the Interstate Land Sales Full Disclosure Act (ILSA) to clarify how the Act applies to condominiums.
The U.S. Small Business Administration, a federal agency responsible for protecting the interests of small businesses, has asked the Administration to withdraw a proposed rule that changes the scope of existing law without Congress’ authority and expand federal regulatory power under the Clean Water Act.
On Sept. 26, 2014, the National Association of REALTORS®, along with the National Association of Homebuilders and the Mortgage Bankers Association, sent a letter to the Federal Housing Administration (FHA) in response to proposed changes to the 203(k) Rehabilitation Mortgage Insurance Program.
On Friday, Oct. 3, 2014, NAR President Steve Brown sent a letter to FHA Commissioner Galante urging FHA to extend the property flipping waiver that allows FHA financing on single family properties that are being resold within 90 days of the previous acquisition.
On Sept. 30, 2014, NAR wrote to Consumer Financial Protection Bureau (CFPB) director Richard Cordray expressing concern that the CFPB's guidance on mini-correspondent lenders realting to the Ability to Repay/Qualified Mortgage (QM) rule not be interpreted in a way that would reduce access to credit by unfairly discriminating against smaller lenders.
On Sept. 30, 2014, the Consumer Financial Protection Bureau (CFPB) ordered Lighthouse Title, a Michigan title insurance agency, to pay $200,000 for illegal referrals under the guise of marketing agreements under the Real Estate Settlement Procedures Act (RESPA).
In June 2014, the Federal Aviation Administration (FAA) issued comments clarifying the permitted use of unmanned aerial vehicles (UAVs) for commercial purposes.
On September 26, 2014, NAR President Steve Brown sent a letter to USDA Secretary Vilsack in response to state REALTOR® associations’ concerns about community eligibility for rural housing loans