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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.

President Proposes Stronger Data Privacy Laws

January 13, 2015: 

In a speech to the Federal Trade Commission on Monday, January 12, President Obama unveiled new proposals to address how consumers’ personal data is handled

President Signs TRIA into Law

January 12, 2015: 

In its first act of business in the 114th Congress, on Jan. 7 the House passed H.R. 26, the Terrorism Risk Insurance Program Reauthorization Act of 2015, by a vote of 416-5.

FHA Annual Premium Reduction Finalized

January 9, 2015: 

On Jan. 8, 2015, at a speech in Phoenix, AZ attended by NAR President Chris Polychron, President Obama announced that the Federal Housing Administration (FHA) would reduce FHA annual mortgage insurance premiums (MIP) by 50 basis points.

Fannie Mae’s New Appraisal Risk-Assessment Tool: Collateral Underwriter (CU)

January 5, 2015: 

Fannie Mae will make Collateral Underwriter (CU), an appraisal risk-assessment tool, available to lenders in early 2015.

NAR Testifies on Capitol Hill

December 12, 2014: 

On December 9, 2014, the U.S. Senate Banking Subcommittee on Housing, Transportation, and Community Development held a hearing entitled, “Inequality, Opportunity, and the Housing Market.”

NAR RESPA/TILA Webinar

December 12, 2014: 

On December 11, 2014 NAR held a webinar on changes to the Real Estate Settlement Procedures Act (RESPA) and the Truth in Lending Act (TILA) under the Dodd-Frank Wall Street Reform and Consumer Protection Act.

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