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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.

CFPB Publishes Amendments to QM Rule

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).

Talking Points

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.

House Committee Passes PATH Act

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.

Flood Insurance Update

July 19, 2013: 

With NAR’s support, Senator Mary Landrieu (D-LA) successfully added a 1-year delay of “grandfathered” flood insurance rates to the Senate Homeland Security Appropriations Bill as approved by committee on July 18. The House-passed version also includes this provision. Next, the full Senate must vote on the measure.

Congress Acts on Rural Housing

June 14, 2013: 

Two different bills are moving through Congress to address the rural housing issue.

Update on Flood Insurance Rate Increases

June 10, 2013: 

With NAR’s support, Representatives Bill Cassidy (R-LA) and Maxine Waters (D-CA) have successfully attached an amendment to the Homeland Security Appropriations Bill to delay removal of “grandfathered” flood insurance rates for one year.

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