Powered by Google

Search form

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.

Homebuyer Flood Insurance Relief

June 6, 2014: 

On May 30, 2014, FEMA announced the Flood Premiums and Rate Tables for 2015.

Patent Litigation Reform Dies in the Senate

May 23, 2014: 

On May 21, Senate Judiciary Chairman, Patrick Leahy (D-VT) announced that he would pull the patent litigation bill that has been under discussion for the past several months from the committee’s agenda.

FHFA Plans To Increase Credit; Leaves Loan Limits Unchanged

May 19, 2014: 

Federal Housing Finance Agency (FHFA) Director Mel Watt made his first public speech addressing FHFA’s strategic plan for Fannie Mae and Freddie Mac that improves liquidity in the present single-family housing finance market.

FHA Blueprint for Access

May 16, 2014: 

On May 13, 2014, FHA released its “Blueprint for Access” which offers a pilot housing counseling program as well as enhanced quality assurance measures.  FHA hopes these efforts will expand access to credit for underserved borrowers.

Committee Passes 3% Cap Bill

May 9, 2014: 

On Wednesday, May 7, 2014, The House Financial Services Committee passed H.R. 3211, "The Mortgage Choice Act" by voice vote.

Elimination of FHA “Prepayment Penalty”

May 9, 2014: 

On May 7, 2014, President Steve Brown sent a letter to Federal Housing Commissioner Carol Galante strongly supporting the proposed rule to eliminate Federal Housing Administration (FHA) post-payment interest charges.

Pages