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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.

Senate Introduces Patent Demand Letter Legislation

February 28, 2014: 

On Feb. 26, Senators McCaskill (D-MO) and Rockefeller (D-WV) introduced legislation that will better equip the nation’s top consumer protection agency with the tools needed to crack down on “patent trolls”—companies that buy patents, but then fail to actually produce goods or services, opting instead to intimidate or sue other small businesses.

NAR Submits Letter to Congress on QRM

February 28, 2014: 

On Feb. 26, 2014, NAR sent a letter to the House Financial Services Committee's Subcommittee on Capital Markets and Government Sponsored Enterprises for a hearing on the Dodd-Frank Act’s impact on asset-backed securities.

Freddie Mac Clarifies Auction Pilot

February 28, 2014: 

On Feb. 20, 2014, Freddie Mac Senior Vice President for Single Family Servicing, Tracy Hagen Mooney, sent a letter to NAR President to address member concerns about Freddie Mac's short sale/auction pilot.

White House Announces Patent Litigation Reforms

February 21, 2014: 

The White House unveiled a package of executive actions designed to limit the potential for abuses of the patent system. It also called on Congress to pass legislation.  The U.S. Patent & Trademark Office (USPTO) announced three new initiatives aimed at reducing the burden of patent trolls on American businesses.

Planning Done: Measuring the QM Rule’s Impact

February 17, 2014: 

NAR Research surveyed a sample of lenders with questions about the impact of the lending on their business and how the rule could in turn impact consumers.

Rural Communities Protected Through 2020

February 7, 2014: 

More than 900 communities that were at risk for losing access to federal rural housing programs are now protected through 2020.

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