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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.

August 9, 2013
On Aug. 8, 2013 the Federal Housing Finance Agency (FHFA), which regulates Fannie Mae and Freddie Mac, released a statement on the use of eminent domain to restructure performing loans along with an analysis of the implications for Fannie Mae, Freddie Mac and the FHFA. NAR cautions that the impact of such proposals could have a chilling effect on lending in these municipalities and raised these concerns with the FHFA in 2012.
August 2, 2013
On Tuesday, July 30, 2013, the National Association of REALTORS® (NAR), the National Association of Home Builders (NAHB), the Community Associations Institute (CAI), and the Institute for Real Estate Management (IREM) submitted comments to Federal Housing Commissioner Carol Galante.
August 2, 2013
On July 10, 2013, the Consumer Financial Protection Bureau (CFPB) released final rulethat make changes to its January 2013 final mortgage rules under the Truth in Lending Act (TILA) and the Real Estate Settlement Procedures Act (RESPA).
August 2, 2013
What is NAR doing on FHA and GSE Reform, Flood Insurance Reform, and Tax Reform? Learn more about NAR's positions and what we are saying to Congress.
July 26, 2013
Last week the House Financial Services Committee passed H.R 2767, the Protecting American Taxpayers and Homeowners (PATH) Act, introduced by Rep Garrett (R-NJ). The vote of 30-27 was strongly along party lines with only two Republicans (Fitzpatrick (R-PA) and Miller (R-CA)) voting against the bill.

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