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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.

Rural Housing Loan Processing Delays

September 11, 2014: 

Many states have experienced delayed processing times for the Single Family Rural Housing Direct and Guaranteed Loan Programs.

Rural Housing Eligibility Concerns

September 11, 2014: 

In Feb. 2014, President Obama signed H.R. 2642, the Agricultural Act of 2014 (the Farm Bill), to protect more than 900 communities that were at risk of losing access to federal rural housing programs.

Elimination of FHA “Prepayment Penalty”

August 29, 2014: 

On August 26, 2014, the Federal Housing Administration (FHA) issued its final rule to eliminate post-payment interest charges on FHA-insured single family mortgages.

FHFA Releases GSE Strategic Plan

August 22, 2014: 

On August 15, 2014,The Federal Housing Finance Agency (FHFA) released a Request for Input on its Strategic Plan for 2015-2019

NAR Comments on Housing Finance Reform

August 15, 2014: 

On Aug. 8, 2014, NAR President Steve Brown provided comments to the U.S. Department of Treasury in response to a request for Public Input on Development of Responsible Private Label Securities (PLS) Market.

FHFA Seeks Input on Single Security for Fannie, Freddie

August 15, 2014: 

On Aug. 12, 2014, the Federal Housing Finance Agency (FHFA), the regulator of Fannie Mae and Freddie Mac, published a proposed framework for how the two mortgage-finance companies might issue and back a single-type of mortgage-backed security (MBS).

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