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Real Estate Services Update

The Real Estate Services (RES) Update is designed to keep diversified real estate firms and their agents informed about issues affecting 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.

April 4, 2014
On April 2, 2014, President Steve Brown sent a letter to the Department of Housing and Urban Development (HUD) with concerns about the Federal Housing Administration’s (FHA) high annual mortgage insurance premiums and mortgage insurance that is required for the life of the loan.
FHA
April 4, 2014
NAR President Steve Brown met with the Director of the National Flood Insurance Program on April 1, 2014 to discuss issues related to implementing the Homeowner Flood Insurance Affordability Act (HFIAA) that was recently signed into law.
April 4, 2014
On Monday March 31, 2014 the CFPB issued its RESPA/TILA small business compliance guide.
March 28, 2014
On March 24, 2014, six federal agencies issued a joint proposed rule to implement minimum requirements for state registration and supervision of appraisal management companies (AMCs).
March 21, 2014
On March 20, 2014, NAR President Steve Brown submitted comments on the Federal Housing Finance Agencies (FHFA) request for information on lowering the loan purchase limits for Fannie Mae and Freddie Mac (the Enterprises).

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