The Real Estate Services (RES) Update is designed to keep diversified real estate firms and their agents informed about issues impacting their businesses. This monthly newsletter includes legislative and regulatory updates, news on industry trends, and the latest information on NAR activities as they affect diversified real estate firms.
On December 10, 2014, the U.S. Department of Veterans Affairs (VA) released its 2015 Loan Limits.
On December 8, 2014, Fannie Mae and Freddie Mac released details on new mortgage product offerings that will provide access to qualified borrowers able to put down at least 3%.
On December 10, 2014, the Federal Housing Administration (FHA) announced that it will not extend the temporary waiver of FHA’s regulation that prohibits the use of FHA financing to purchase single family properties that are being resold within 90 days of the previous acquisition.
The House Committee on Transportation’s Subcommittee on Aviation held a hearing this week on “U.S. Unmanned Aircraft Systems: Integration, Oversight and Competitiveness."
On Dec. 5, 2014, the Federal Housing Administration (FHA) released its 2015 Loan Limits.
On Monday, Nov. 17, 2014, FHA released its Annual Report to Congress and the FY 2014 Independent Actuarial Assessment of the FHA Mutual Mortgage Insurance Fund.