Government Affairs Headlines from REALTOR.org

Fed Chairman on Housing Recovery

Fri, 3 Feb 2012 16:03:36 -0600

NAR appreciates remarks made by Ben Bernanke in support of homeowners and the struggling housing market in testimony before Congress.

NAR Supports Efforts to Assist Housing Market

Fri, 3 Feb 2012 16:01:22 -0600

President Obama's plan would help eligible, underwater homeowners who are current on their mortgage payments to refinance or modify their loan.

Homeownership Matters to Nation

Wed, 25 Jan 2012 08:45:00 -0600

President's speech supports homeowners and struggling housing market.

Washington Report, Jan. 16: NAR Meets with HUD REO Staff

Fri, 20 Jan 2012 10:44:06 -0600

Also in this issue: Government Mandates Housing Fee Increases to Help Pay-for Benefits Extensions, Supreme Court Hears Oral Arguments on Wetlands Case, Federal Reserve Releases Housing White Paper, and more

Lawmakers Expected to Look at Fannie, Freddie Reform in Spring

Thu, 19 Jan 2012 14:43:26 -0600

REALTOR Magazine's Robert Freedman details the bills we're backing, why they matter to REALTORS, and how they support NAR's goals.

Stabilizing the Housing Market Key to Economic Recovery

Tue, 10 Jan 2012 08:32:22 -0600

According to a white paper released yesterday by the Federal Reserve Board, restoring the health of the housing market is critical to a broader economic recovery.

Washington Report, Jan. 9, 2012: NAR Calls for Expansion of FHA's 203(k) Program.

Mon, 9 Jan 2012 16:20:01 -0500

In this issue: FHFA Releases Statement on GSE Guarantee Fee Increase, FGovernment Offers to Review Foreclosure Handling in More than 4 Million Individual Cases, and more

The Washington Report, Dec. 19: Congress Extends Flood Insurance Until May 31, 2012

Tue, 20 Dec 2011 10:30:32 -0500

NFIP Extended Until May 12; NAR President Veissi Meets with FHA; CFPB Issues Second Round of Proposed Closing Documents; CFPB Sets Up Mortgage Complaint Hotline; NTSB Urges States to Ban Use of Electronics While Driving

The Washington Report, Dec. 19: Congress Extends Flood Insurance Until May 31, 2012

Mon, 19 Dec 2011 11:41:59 -0600

In this issue: NFIP Extended Until May 12; NAR President Veissi Meets with FHA; CFPB Issues Second Round of Proposed Closing Documents; CFPB Sets Up Mortgage Complaint Hotline; NTSB Urges States to Ban Use of Electronics While Driving

Loan Limits Offer QRM Lessons

Fri, 16 Dec 2011 13:24:34 -0600

A dip in FHA/conforming loan limits foretells the impact of the qualified residential mortgage (QRM) rule, NAR's manager of regional economics writes.

The Washington Report - December 5, 2011

Mon, 5 Dec 2011 11:49:26 -0600

Directors Vote on MLS Policy Changes

Tue, 15 Nov 2011 10:17:49 -0600

Among the changes is rescinding a multiple listing service policy on the display of Internet Data Exchange (IDX) listings.

2011 NAR Legislative and Regulatory Year in Review

Mon, 14 Nov 2011 14:37:47 -0600

NAR's advocacy activity in 2011 included preserving property ownership and protecting members' business interests.

REALTORS® Gather, Defend Home Ownership

Thu, 10 Nov 2011 16:19:39 -0600

2011 President Ron Phipps discusses NAR's support of public policies that promote sustainable home ownership, including conforming loan limits.

Congress Extends Flood Insurance Until Nov. 18

Tue, 11 Oct 2011 14:09:11 -0500

Congress extended the National Flood Insurance Program (NFIP) until Nov. 18 as part of a broader stopgap government funding measure. NAR is urging Congress to use the additional time to complete work on a 5-year NFIP re-authorization bill. Contact Congress to show support if you haven't already.
Read more >
Take action >
More about NFIP >

Urge Congress to Extend Loan Limits

Tue, 11 Oct 2011 14:08:37 -0500

On Sept. 30, 2011, the FHA and GSE loan limits were allowed to decline in 669 counties in 42 states across the entire nation.

Flood Insurance Deadline Looms

Tue, 27 Sep 2011 11:14:01 -0500

As Nov. 18 nears, learn what you need to know to make sure your transactions close, and urge Congress to extend the National Flood Insurance Program for five years if you haven't already.
Learn more >
Take action >
More on NFIP >

Flood Insurance Lapse Looms

Mon, 19 Sep 2011 14:08:56 -0500

As Sept. 30 nears, urge Congress to extend national flood program to protect home owners.

Senate Committee OKs Flood Insurance Bill

Thu, 15 Sep 2011 14:21:00 -0500

On Sept. 8, 2011, the U.S. Senate Banking Committee unanimously approved the Flood Insurance Reform and Modernization Act, sending it to the full Senate for consideration. The bill would provide a five-year extension of the program.

Senate Passes House Patent Reform Bill

Thu, 15 Sep 2011 14:20:35 -0500

The U.S. Senate has passed the Leahy-Smith America Invents Act, which makes the most sweeping changes to U.S. patent law in many decades.

Reducing High REO Inventories

Thu, 15 Sep 2011 14:20:03 -0500

According to NAR, increased lending and short sales are necessary to reduce current and future inventories of real estate-owned properties held by government agencies.

Hurricane Irene Underscores Importance of Flood Insurance

Fri, 26 Aug 2011 15:16:04 -0500

As homeowners across the East Coast brace for Hurricane Irene, the threat underscores the importance of flood insurance and reauthorizing the NFIP. NAR estimates that each day the NFIP lapses, it results in the delay or cancellation of 1,332 home sale closings nationwide.

REALTORS® Call on White House to Host Housing Summit

Wed, 24 Aug 2011 13:07:18 -0500

NAR urges the White House to host a summit of policy makers, industry leaders, and government stake holders focused on revitalizing the nation's housing.

NFIP Lapses Cancel, Delay Thousands of Home Sales

Mon, 8 Aug 2011 16:10:35 -0500

An NAR research economist explains findings that each day that NFIP lapses results in the delay or cancellation of 1,332 home sale closings nationwide.

Debt Ceiling Deal Spares Real Estate--For Now

Thu, 4 Aug 2011 09:55:36 -0500

The contentious law enacted Aug. 2 to raise the debt ceiling in exchange for $2.4 trillion in cuts poses risks to MID and other federal commitments to housing in the months ahead.

Narrow QRM Definition Not Key to Safe Mortgage Lending

Mon, 1 Aug 2011 08:52:06 -0500

In a comment letter submitted today, NAR expressed dissatisfaction over the unduly narrow definition of qualified residential mortgages (QRM) that would be exempt from risk retention requirements.

Ron Phipps: Why FTC MARS Decision Is a Win

Wed, 20 Jul 2011 11:29:20 -0500

NAR President Ron Phipps announces NAR's successful effort to prevent the FTC from enforcing provisions of its Mortgage Assistance Relief Services (MARS) rule against real estate professionals who help consumers obtain short sales. This is a win for REALTORS® and consumers.

NAR Backs Bill for Secondary Mortgage Market Reform

Thu, 7 Jul 2011 13:18:22 -0500

NAR supports H.R. 2413, the "Secondary Market Facility for Residential Mortgage Act of 2011," which was introduced yesterday to offer a comprehensive strategy for reforming the secondary mortgage market and encourages a consistent flow of mortgage credit in all markets and all economic conditions.

HUD Publishes SAFE Act Final Rule

Wed, 6 Jul 2011 14:46:16 -0500

The final rule mandates licensing of individuals who engage in the business of a loan originator; the final rule generally allows sellers to finance the sale of their own property if they are not "engaged in the business of a loan originator."

Temporary Suspension of HUD REO Closings in Some States

Wed, 29 Jun 2011 13:24:25 -0500

HUD relies on attorneys for closings in the disposition of their REO property and there is an unexpected contractor issue. NAR is working with HUD REO staff to find a resolution for this issue.

Effort to Correct QRM Gains Momentum

Fri, 24 Jun 2011 15:31:38 -0500

Momentum is building as lawmakers on a bipartisan basis lead effort to modify banking regulators' proposal to require 20 percent down for affordable qualified residential mortgage (QRM) loans.

Call for Action: Ensure Clients Can Access Affordable Mortgages

Tue, 21 Jun 2011 11:19:55 -0500

On Sept. 30, the cost of a mortgage could rise significantly. Contact Congress and ask them to make current mortgage loan limits for FHA, Fannie Mae, and Freddie Mac permanent.

Treasury Releases New HAFA Form

Thu, 2 Jun 2011 14:26:07 -0500

Last week, the Treasury Department released the Alternative Request for Short Sale (Nonprofit Purchaser) form, removing certain "arm's length transaction" requirements for such sales. The change will increase the number of eligible borrowers and offer more individuals the opportunity to stay in their homes.

Call for Action: Tell Congress to Oppose Down Payment Hike

Fri, 20 May 2011 13:08:14 -0500

Requiring 20% down payments under proposed QRM rule puts home ownership out of reach for middle-class America.

Reform Must Ensure Mortgage Affordability, Availability

Wed, 11 May 2011 09:45:40 -0500

Realtors® and other industry insiders agree that reforms to America's housing finance market must ensure sources of affordable mortgage lending for creditworthy consumers.

Creditworthy Homebuyers and Mortgage Financing

Wed, 11 May 2011 09:44:44 -0500

The pendulum on mortgage credit has swung too far in the other direction after the recent housing downturn and is putting an unnecessary burden on creditworthy consumers.

Webinar: Bank of America Talks Credit Standards, Short Sales

Wed, 27 Apr 2011 16:17:45 -0500

NAR will talk with Bank of America executives in a free webinar on Monday, May 9, at 3 p.m., ET. Registration limited.

How the Debt Ceiling Vote Affects Real Estate

Mon, 25 Apr 2011 15:29:03 -0400

As Congress considers proposals to raise the national debt ceiling, see how failing to do so could affect the economy, interest rates, and real estate.

Materials for 2011 Midyear Legislative Meetings

Tue, 12 Apr 2011 09:33:10 -0500

NAR has prepared talking points and videos by its state legislative representatives that walk REALTORS® through the messages that NAR would like presented to their Members of Congress during the Midyear Meetings.

Potential Government Shutdown: What It Means

Thu, 7 Apr 2011 15:20:33 -0400

(April 7) Find out what agencies a government shutdown might impact, and how this may affect REALTORS® and their clients.

REALTORS® Urge Congress to Approach GSE Reform Slowly

Thu, 31 Mar 2011 15:43:15 -0500

NAR today urged Congress to move cautiously when reforming government-sponsored enterprises Fannie Mae and Freddie Mac.

Call for Action: Protect the MID

Tue, 29 Mar 2011 10:28:07 -0500

Click here to send a letter telling your congressman to support legislation affirming the mortgage interest deduction.

President's Podcast: MID Benefits Middle Class

Fri, 18 Mar 2011 13:59:37 -0500

NAR President Ron Phipps discusses how the mortgage interest deduction predominantly benefits the middle class and articulates the need to make state and local lobbying efforts as effective as those on a national level.

Qualified Residential Mortgage Rules Could Affect Mortgage Market, Consumers

Wed, 16 Mar 2011 09:20:15 -0400

(March 15) NAR policy expert Ken Trepeta discusses how proposed rules mandating a minimum 20% downpayment could influence the already tight mortgage market and hurt home buyers.

Webinar: GSE Reform--The Issues That Will Impact Your Business

Fri, 11 Mar 2011 13:27:57 -0500

(March 11) Register now for this free webinar on March 31 at 3pm ET, which will cover initial reform proposals, NAR's recommendations, and what we can expect in the coming months.

Video: Commercial Legislative Agenda for 2011

Tue, 22 Feb 2011 10:51:54 -0600

Commercial Committee Chair Dan Sight discusses the commercial market outlook for 2011 and NAR's legislative efforts on behalf of commercial practitioners.

Podcast: Reforming the Secondary Mortgage Market

Tue, 15 Feb 2011 16:59:21 -0500

(Feb. 15) President Ron Phipps discusses NAR's position on secondary market reform and the bus tour kicking off in Chicago in March.
More on GSEs
Home Ownership Matters Bus Tour

America Needs an Affordable and Adequately Regulated Secondary Market, Says NAR

Fri, 11 Feb 2011 16:19:08 -0600

The National Association of Realtors® welcomes the Obama Administration's call for an orderly transition from the current form of the secondary mortgage market to a new structure that would enable Americans to achieve affordable, sustainable mortgages.

2011 FPC and Policy Conference Materials

Thu, 10 Feb 2011 11:50:00 -0600

Revisit last week's meeting in DC and download NAR's public policy priorities, State fact sheets on MID and tax reform, GSE key points, and much more.

NAR Calls for Continued Government Participation in Secondary Mortgage Market

Wed, 9 Feb 2011 18:00:06 -0500

(Feb 9, 2011) NAR's recommended plan is to restructure the entities as government-chartered, non-shareholder owned authorities that protect taxpayers and ensure continued access to affordable mortgages for consumers.
Read NAR's Statement

Realtors® Praise FHFA for Proposed Rule to Prohibit Private Transfer Fees

Mon, 7 Feb 2011 14:42:04 -0600

"We commend FHFA for the proposed rule to ban private transfer fees, which often decrease affordability and negatively impact equity," said NAR President Ron Phipps.

NAR Asks Lawmakers to Cosponsor MID Resolution

Fri, 21 Jan 2011 11:44:58 -0600

NAR has sent a letter to Congress asking representatives to cosponsor H.Res. 25, a resolution that affirms the importance of the mortgage interest deduction and urges retention of current law.

President's Podcast: MID, GSE Reform Among 2011 Priorities

Thu, 6 Jan 2011 11:48:15 -0600

NAR President Ron Phipps discusses recent meetings with Congress, 2011 priorities--including the mortgage interest deduction and reshaping Fannie and Freddie--and the first LIVE REALTOR® Town Hall on January 24th.

New Law Extends Tax Rates, Other Provisions

Wed, 22 Dec 2010 11:35:04 -0600

President Obama signs Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (H.R. 4853) extending the Bush-era tax rates and other expired and expiring provisions.

NAR Applauds New FCC Network Neutrality Rules

Wed, 22 Dec 2010 11:34:13 -0600

The rules for internet service providers protect consumers and ensure access to key web technologies in REALTOR® businesses.

Podcast: Leadership Works to Keep Mortgage Money Flowing

Tue, 21 Dec 2010 16:15:11 -0600

President Ron Phipps explains the NAR Leadership Team's efforts to address members' number-one priority.

Call for Action: Tell Your Senator Home Ownership Matters

Mon, 20 Dec 2010 10:31:58 -0600

NAR Video: MID - What Happens Next?

NAR is Streamlining Its Member Communications!

Tue, 14 Dec 2010 11:30:54 -0600

NAR is launching a new customizable weekly e-newsletter in January that will consolidate several newsletters including the Washington Report and the Eye On Washington. Online versions of both will still be available and you can still subscribe to the Washington Report RSS feed.
Washington Report >
Eye on Washington >

Take Action: Tell Lawmakers to Defend the MID

Thu, 2 Dec 2010 10:04:08 -0600

NAR Responds to Deficit Panel's Plan for MID Cuts

Wed, 1 Dec 2010 13:29:53 -0600

Changes to the mortgage interest deduction could erode home prices and values by up to 15%, says President Ron Phipps.

Foreclosure Freeze Will Hurt Families

Thu, 14 Oct 2010 09:41:08 -0500

Valid foreclosures should not be lumped in with suspect mortgages, causing problems in an already fragile market.

NAR Still Advocating Flood Insurance Reforms

Mon, 4 Oct 2010 14:03:50 -0500

NAR believes a longer extension and program reforms are needed to provide fairness and continuity to the NFIP.

New 1099 Reporting Requirement for Landlords

Fri, 1 Oct 2010 13:01:33 -0500

Starting in 2011, any person who receives rental income must provide a Form 1099 for all payments of $600 or more made to service providers.

New SBA Funds Create Opportunities for Realtors®

Tue, 28 Sep 2010 14:17:18 -0500

Increased capital designed to help community banks support small businesses aids business owners and commercial real estate professionals.
Watch video >

REALTORS® Hit Capitol Hill

Wed, 22 Sep 2010 10:05:33 -0500

(Sept 21) Last week, REALTORS® visited their Senators asking for swift action on FHA reform, FHA/GSE loan limits, and the National Flood Insurance Program.

Download the talking points > (PDF: 249K)

NAR Praises New Short Sale Bill

Fri, 17 Sep 2010 16:16:25 -0500

Bill would require lenders to respond to consumer short sale requests within 45 days, a boon to homeowners who are underwater with their mortgage.

New: Economist's Podcast

Tue, 14 Sep 2010 08:35:20 -0500

High home affordability and some job growth are good signs for the struggling economy and housing market.

Legislative Fly-In

Fri, 10 Sep 2010 08:37:22 -0500

This REALTORS® come to Washington to address critical unfinished legislative items related to homeownership and the housing market.

The Value of Homeownership

Wed, 25 Aug 2010 08:36:33 -0500

Through outreach to lawmakers, consumers, and the media, NAR is working to preserve this important American institution.

Summer Recess Talking Points

Mon, 16 Aug 2010 15:19:43 -0500

Congress' summer recess presents a unique opportunity for REALTORS® to meet with leaders in their home districts.

NAR Hails GSE Private Transfer Fee Proposal

Fri, 13 Aug 2010 15:25:52 -0500

FHFA takes steps to restrict GSEs and 12 Federal Home Loan Banks from investing in mortgages with private transfer fees.

NAR Urges Action on Commercial Credit

Thu, 29 Jul 2010 16:54:35 -0400

(July 29) NAR Treasurer Jim Helsel testified in Congress today.

Rural Housing Funding Restored

Wed, 28 Jul 2010 16:02:31 -0400

The long anticipated restoration of the Section 502 single-family rural housing program is headed to President Obama's desk for signature into law.

President Signs Wall Street Reform and Consumer Protection Act

Wed, 21 Jul 2010 15:01:37 -0500

NAR has been working closely with members of Congress to ensure that Wall Street Reform legislation did not adversely affect REALTORS®.

House Passes Flood Insurance Reform Bill: Senate still needs to act.

Thu, 15 Jul 2010 17:11:59 -0400

The House passed the Flood Insurance Reform Priorities Act, which would extend the NFIP to September 30, 2015. The bill moves to the Senate where the prospects of passage are not clear.

Flood Insurance Update

Fri, 2 Jul 2010 08:32:11 -0500

The Senate has passed the National Flood Insurance Program Extension Act of 2010 (H.R. 5569), an extension of the National Flood Insurance Program, until September 30, 2010. This will allow transactions to move forward. The bill is retroactive and covers the lapse period from June 1, 2010 to the date of enactment of the extension.

Tax Credit Closing Deadline Extended

Wed, 30 Jun 2010 08:31:42 -0500

After a close brush with the deadline, Congress has passed an extension of the Homebuyer Tax Credit closing deadline, the Homebuyer Assistance and Improvement Act (H.R. 5623). The extension applies only to transactions that have ratified contracts in place as of April 30, 2010 that have not yet closed. The legislation is designed to create a seamless extension. The new closing deadline for eligible transactions is now September 30, 2010. There will be no gap between June 30 and the date the President signs the bill into law. NAR worked closely with Congressional leaders on both sides of the aisle to enact this important legislation.

Lack of Credit Extension Would Dash Hopes of Home Buyers in All 50 States

Tue, 29 Jun 2010 12:57:35 -0500

Up to 180,000 home buyers will lose their tax credit if Congress fails to pass an extension to the home buyer tax credit by June 30

Flood Insurance Update

Mon, 28 Jun 2010 08:37:14 -0500

Senate to consider flood insurance extension the week of June 28, 2010.

Flood Insurance Update

Wed, 23 Jun 2010 16:27:15 -0400

A bill to reinstate the National Flood Insurance Program passed the House of Representatives earlier today. The Senate must still pass the bill.

President's Podcast: Pushing Hard on Three REALTOR® Issues

Fri, 18 Jun 2010 08:41:30 -0500

Listen to President Vicki Cox Golder on closing extensions, flood insurance, rural housing, and FHA reform.

NAR Urges Congress to Pass Tax Credit Extension

Fri, 11 Jun 2010 16:55:05 -0500

The proposed measure introduced in the Senate would extend the home buyer tax credit closing deadline to Sept. 30.

Flood Insurance Update

Tue, 1 Jun 2010 13:17:05 -0500

Despite our efforts Congress allowed the NFIP to expire on May 31, 2010. Urge Congress to take immediate action on a lasting NFIP extension

Flood Insurance Update

Fri, 28 May 2010 13:18:32 -0500

NAR seeks to prevent lapse in the National Flood Insurance Program, set to expire May 31.

Strengthening VA Home Loan Program

Fri, 21 May 2010 14:00:43 -0500

NAR offers suggestions to Congress for making a good Veterans Affairs Home Loan Guaranty Program even better.

Realtors® Take to the Hill

Wed, 12 May 2010 16:29:56 -0400

Several thousand Realtors® ascended Capitol Hill to persuade Congress to protect affordable and safe financing for American families and reform Fannie Mae and Freddie Mac.

Government Affairs Materials for Midyear Meetings

Wed, 5 May 2010 10:19:32 -0400

Download your talking points, briefing materials, meeting schedules, and much more.

NAR Urges Extension of Rural Housing Program

Wed, 28 Apr 2010 11:18:25 -0500

NAR asks the Senate to approve House bill to extend loan commitment authority to help families purchase homes in rural areas, which is set to expire Friday, April 30.

NAR Calls for Reform of Flood Insurance Program

Wed, 28 Apr 2010 11:17:46 -0500

Floods and damages since 2005 have pointed toward a need to reform the program, says NAR to Congress.

HUD to Permit e-Docs in Transactions

Tue, 13 Apr 2010 14:46:12 -0500

NAR hailed the decision by the HUD to allow electronically signed documents in transactions involving FHA loans.

Enhancements to HAMP, FHA Refinances Announced

Mon, 29 Mar 2010 10:30:12 -0400

The Obama Administration announces changes to the Home Affordable Modification Program and enhancements to FHA refinancing rules.

Health Insurance Reform: What It Means To You

Wed, 24 Mar 2010 10:35:59 -0500

Learn how health reform legislation will affect you, your family, and your business.

NAR Testifies About GSE Structures

Wed, 24 Mar 2010 10:34:29 -0500

Fannie Mae and Freddie Mac should be restructured as government-chartered, non-shareholder owned authorities.

Eye on Washington: NAR Testifies at Property Insurance Hearing

Mon, 15 Mar 2010 11:36:33 -0400

This month's issue examines the nation's natural disaster insurance policies, how they affect REALTORS, their communities, and their businesses, and a recent Congressional hearing at which Immediate Past President Charles McMillan testified.

Comprehensive, Forward-Looking Disaster Policy Needed

Wed, 10 Mar 2010 15:37:37 -0600

In testimony before two House panels today NAR calls for affordable, comprehensive, disaster insurance policy.

Flood Insurance Extended Through March

Mon, 8 Mar 2010 12:18:25 -0600

Late March 2nd, President Obama signed into law H.R. 4691: the Temporary Extension Act of 2010 which has extended the authority for several programs including the National Flood Insurance Program (NFIP). NFIP's expiration date was February 28; H.R. 4691 changed the date to March 28, 2010.

Home Affordable Refinance Program (HARP) extended to June 30, 2011

Mon, 8 Mar 2010 11:05:02 -0600

On March 1, 2010, the Federal Housing Finance Agency (FHFA) announced the extension of the Home Affordable Refinance Program (HARP).

NAR Responds to State of the Union

Fri, 29 Jan 2010 10:10:24 -0500

NAR President Vicki Cox Golder sits down with Chief Lobbyist Jerry Giovianello to discuss NAR’s response to President Obama’s State of the Union address.

Realtors® Partner with National Community Stabilization Trust

Wed, 27 Jan 2010 14:07:49 -0500

NAR has joined forces with the National Community Stabilization Trust to help rebuild American communities devastated by foreclosures.

IRS Releases Revised Tax Forms, Instructions for Claiming Tax Credit

Mon, 25 Jan 2010 13:39:29 -0500

The IRS has released IR-2010-006 providing a revised Form 5405 to reflect the changes to the tax credit made in the extension and expansion legislation enacted in November 2009.

Will Federal Short-Sales Guidelines Speed Deals?

Wed, 20 Jan 2010 15:55:14 -0500

NAR Managing Director of Regulatory Affairs Jeff Lischer walks REALTORS® through the new federal short sale guidelines and assesses their potential impact in this REALTOR® Magazine interview.

FHA Announces Changes

Wed, 20 Jan 2010 15:53:48 -0500

The FHA announces changes to ensure its long-term financial soundness.

New RESPA Rule Effective Jan. 1, 2010

Tue, 5 Jan 2010 14:09:29 -0500

NAR helps members get up-to-speed on the new RESPA rule, which became effective January 1, 2010, with a new feature, audio presentation, and slides.

NAR Public Policy Survey and Priorities

Fri, 18 Dec 2009 14:12:52 -0500

NAR President Vicki Cox Golder and Chief Lobbyist Jerry Giovaniello explain how NAR determines its public policy priorities and what Congress will likely tackle in 2010.

2009 Legislative and Regulatory Accomplishments

Thu, 10 Dec 2009 13:28:13 -0500

Find out about NAR's legislative and regulatory initiatives on behalf of members in 2009.

FHA Mortgage Insurance Important to Housing Market

Wed, 2 Dec 2009 17:09:45 -0500

NAR President Vicki Cox Golder testifies before a congressional panel about the importance of the FHA mortgage insurance program to the housing market.

Treasury Details HAFA Program Guidelines

Mon, 30 Nov 2009 15:34:59 -0500

Home Affordable Foreclosure Alternatives Program (HAFA) provides incentives in connection with a short sale or a deed-in-lieu of foreclosure (DIL) used to avoid foreclosure on eligible loans.

Stevens Lauds Realtor® Role in Recovery

Sat, 14 Nov 2009 15:34:10 -0500

In San Diego, Commissioner Stevens expresses FHA's commitment to helping Realtors® be successful, and assures soundness of FHA program.

Tax Credit Benefits Service Members, Others

Wed, 11 Nov 2009 15:33:32 -0500

Two special provisions in the present tax credit law assist members of the military, intelligence and foreign services in taking advantage of the home buyer tax credit.

President's Podcast: Tax Credit Extended and Expanded

Thu, 5 Nov 2009 14:51:04 -0500

NAR President Charles McMillan announces that Congress has answered our call to extend and expand the homebuyer tax credit.

New: RESPA Webinar Recording Available

Wed, 21 Oct 2009 13:04:23 -0400

Expert Phil Schulman addresses the new RESPA Rule scheduled to go into effect on January 1, 2010 and answers members' questions.

Focus on Extending Tax Credit Intensifies

Mon, 19 Oct 2009 09:28:21 -0400

NAR's current Call for Action has achieved a higher response rate than any previous Call.

Permanent FHA Loan Limits Crucial

Fri, 9 Oct 2009 15:09:25 -0400

Making the current FHA loan limits permanent would ensure liquidity in the housing market and make mortgages more affordable for qualified buyers, NAR testified before Congress.

Tax Credit: Best Tool for Recovery

Wed, 7 Oct 2009 10:37:51 -0400

The $8,000 home buyer tax credit is vital to housing recovery and it is essential that Congress extend it into 2010, NAR testified before a House committee.

President's Podcast: Short Sales Tips

Tue, 6 Oct 2009 16:15:41 -0400

NAR President Charles McMillan and President-Elect Vicki Cox Golder discuss five tips on how to handle short sales.

President's Update: NAR Takes Action on Top Issues

Fri, 25 Sep 2009 16:13:14 -0400

NAR President Charles McMillan briefs association executives and government affairs directors about recent actions on the tax credit extension, FHA credit and appraisal policies, and more.

FHA Aims to Protect Taxpayers

Fri, 18 Sep 2009 16:28:02 -0400

“FHA remains an essential tool for consumers,” says NAR President Charles McMillan.

Legislative Update: Tax Credit, Appraisals, and Health Reform

Tue, 15 Sep 2009 16:27:03 -0400

NAR President Charles McMillan sits down with Chief Lobbyist Jerry Giovaniello to discuss critical issues facing REALTORS®.

REALTORS® Urge Congress to Extend Tax Credit

Tue, 15 Sep 2009 16:25:53 -0400

Realtors® to inform Congress of the success of the tax credit thus far and to press them to extend and expand it.

FHA Clarifies Position on HVCC

Mon, 31 Aug 2009 15:11:48 -0400

FHA is currently reviewing its appraisal policies and may adopt changes that take HVCC into account.

NAR to Offer Short Sales Certification

Wed, 26 Aug 2009 15:09:02 -0400

To help Realtors® meet the needs of home buyers and sellers, NAR has launched a new Short Sales and Foreclosure Certification Program (SFR).

New: Healthcare Reform FAQs

Tue, 25 Aug 2009 11:02:51 -0400

NAR releases new healthcare reform FAQs for REALTORS®.

New Resource: Money Laundering/Terrorist Financing

Tue, 25 Aug 2009 11:02:51 -0400

NAR provides information about money laundering and terrorist financing schemes in real estate and how real estate professionals can help combat them.

Congress to Revisit Healthcare After Recess

Mon, 3 Aug 2009 15:37:56 -0400

While both the House and the Senate have made progress on proposed bills, further discussions and mark-ups are planned for September.

New: Lead Paint Renovation Guide

Fri, 31 Jul 2009 15:36:04 -0400

NAR introduces a new Lead Paint Renovation Rule Compliance Guide for REALTORS® and Property Managers.

FHA Home Modification Program to Help Homeowners

Thu, 30 Jul 2009 15:36:59 -0400

This newly enhanced program will help struggling homeowners to significantly reduce their monthly mortgage payments.

Revised TILA Disclosure Requirements

Wed, 29 Jul 2009 15:35:19 -0400

Revised Truth in Lending Regulation (Reg Z) disclosure requirements for lenders will take effect on July 30, 2009.

NAR Applauds Appraisal Clarification

Thu, 23 Jul 2009 16:00:59 -0400

A statement from NAR President Charles McMillan praises the FHFA's recent guidance on HVCC as a good first step.

President's Podcast: Legislative Update

Tue, 21 Jul 2009 16:00:13 -0400

President Charles McMillan provides a legislative update on two important issues affecting members: the Home Valuation Code of Conduct (HVCC) and health care reform.

REALTORS® Endorse Green Building Incentives

Fri, 17 Jul 2009 12:00:24 -0400

Before Congress, NAR reiterated the significance of its own green building and reinforced support for energy efficiency tax credits, block grants and weatherization assistance investment.

Housing Incentives Help Economy

Wed, 15 Jul 2009 11:59:21 -0400

"By enacting provisions that stabilize America’s real estate markets, you are helping small businesses and America’s communities thrive and prosper," testified NAR President Charles McMillan.

HUD: Home Buyer Tax Credit Loans Still on Track

Fri, 22 May 2009 14:42:35 -0400

Detailed guidance on the federal government's plan to provide short-term loans to borrowers using the First-Time Home Buyer Tax Credit is expected to be out shortly.

Legacy CBMS Eligible Collateral Under TALF

Fri, 22 May 2009 14:41:35 -0400

Federal Reserve Board announced that, starting in July, certain high-quality legacy CMBS will become eligible collateral under the TALF program.

Realtors® Help Buyers, Sellers Navigate Short Sales

Fri, 15 May 2009 14:55:44 -0400

Attendees at the Housing Opportunity Forum at Midyear gain insight on short sales.

Uniform Short Sales Process To Help Struggling Home Owners

Thu, 14 May 2009 14:54:54 -0400

Help is on the way for many home owners who are facing foreclosure, thanks to new details under the Making Home Affordable Program.

NAR Real Estate Summit Draws Media Coverage

Tue, 12 May 2009 14:56:52 -0400

View clips of the media coverage generated by NAR's Real Estate Summit held at the Midyear Meetings in Washington, D.C. on May 12, 2009.

Realtors® Support More HUD Funding

Thu, 7 May 2009 14:52:44 -0400

NAR is pleased that President Obama’s 2010 budget includes increased funding for the U.S. Department of Housing and Urban Development and many of its important programs.

NAR Applauds New FHA Head

Tue, 24 Mar 2009 11:20:00 -0400

NAR is pleased that David Stevens, an experienced, successful real estate and mortgage professional, has been nominated to lead the Federal Housing Administration.

NAR Recommends Responsible Lending Principles

Thu, 12 Mar 2009 13:35:14 -0400

President Charles McMillan expressed Realtors® commitment to protecting consumers from unfair lending practices before a congressional subcommittee.

REALTORS® Pledge Assistance for Obama Guidelines on Foreclosure Fixes

Wed, 4 Mar 2009 13:33:42 -0400

Guidelines announced today will be implemented immediately to help struggling homeowners as well as millions of eligible homeowners who have stayed current in their mortgage payments.

NAR Opposes Mortgage Interest Deduction Change

Thu, 26 Feb 2009 14:10:50 -0500

According to NAR, this small section of President Obama's proposed budget could impede the recovery of the real estate markets.

REALTORS® Endorse Recovery Plan

Wed, 25 Feb 2009 09:09:12 -0500

NAR expressed support for President Obama’s economic recovery plan that stresses housing stability, as well lending and foreclosure prevention.
Listen to NAR President's Statement

Realtors® Support Aid to Troubled Homeowners

Fri, 20 Feb 2009 15:35:15 -0500

NAR commends the Obama administration’s Homeowner Affordability and Stability Plan to help homeowners at risk of losing their homes.
About the plan.

President Signs Stimulus Bill

Tue, 17 Feb 2009 16:58:22 -0500

President Obama has signed the American Recovery and Reinvestment Act of 2009 into law.

Stimulus Bill Passes House, Senate; President Expected to Sign Soon

Sat, 14 Feb 2009 16:57:06 -0500

The bill is a $780 billion package, with roughly 35% of the package devoted to tax cuts (mostly for 2009) and the rest to spending intended to occur in 2009 and 2010.

Senate Stimulus Bill, Treasury Plan Good Start

Tue, 10 Feb 2009 10:16:57 -0500

NAR hails the Senate for passing its stimulus bill, which now heads to conference committee to reconcile differences between the Senate and House versions.
Compare House and Senate Bills>

Tell Congress to Act on Stimulus

Mon, 9 Feb 2009 09:50:28 -0500

Encourage Congress to make affordable mortgages available and stem foreclosures by supporting new provisions to the Stimulus plan.

More Liquidity Needed in Commercial Real Estate

Fri, 6 Feb 2009 09:44:26 -0500

A severe lack of credit threatens commercial real estate and poses significant risks to the whole economy, according to an NAR work group

Realtors® Urge Congress to Help 'HOPE For Homeowners'

Tue, 3 Feb 2009 09:54:12 -0500

NAR announced its support for legislation designed to ease loan modifications and improve refinancing options for troubled homeowners by revamping the HOPE for Homeowners program.
Read NAR's letter>

Senators Emphasize Housing Stabilization

Tue, 3 Feb 2009 09:56:14 -0500

Five senators ask colleagues to focus on housing in the stimulus package.
Unlock America's Economy>
Hear NAR President's podcast>

Keep Big Banks Out of Real Estate

Mon, 2 Feb 2009 14:24:44 -0500

Congress introduces legislation to prevent big banks from entering real estate.

Stimulus Plan Passes in House

Thu, 29 Jan 2009 14:22:29 -0500

NAR is pleased that the U.S. House of Representatives has passed The American Recovery and Reinvestment Act of 2009.

REALTORS® Welcome President Obama

Tue, 20 Jan 2009 11:56:11 -0500

"On behalf of NAR’s 1.2 million Realtors®, we welcome the new president and pledge to work with him to stabilize the U.S. housing market," NAR President Charles McMillan says.

NAR Continues Push for Comprehensive Strategy

Fri, 16 Jan 2009 11:53:57 -0500

NAR has expressed support for the TARP Reform and Accountability Act (H.R. 384), and will continue to advocate its positions to the new administration and regulatory agencies.

Many Home Buyers Need Higher Loan Limits

Thu, 15 Jan 2009 11:53:15 -0500

The drop in mortgage loan limits is hurting home sales and trade-up activity in higher price ranges.

Effective Implementation Critical to Tax Credit

Wed, 14 Jan 2009 11:52:33 -0500

If all home buyers become eligible for a tax credit without a repayment feature, it could result in an additional 555,000 home sales, according to NAR.

NAR Reiterates Keys to Housing Recovery

Tue, 13 Jan 2009 17:54:23 -0500

In testimony before Congress, NAR President Charles McMillan stressed the importance of restoring confidence in the housing market.

REALTORS® Support Donovan as HUD Head

Tue, 13 Jan 2009 12:32:46 -0500

NAR believes Donovan will bring the strong leadership required at this critical time in the economy and housing market.

Bill to Stabilize Housing Introduced

Fri, 9 Jan 2009 09:54:41 -0500

"The bill proposed by Chairman Frank is an important first step toward launching a real estate recovery," says NAR President Charles McMillan.

NAR to Congress: Increase FHA Funding

Fri, 9 Jan 2009 15:21:16 -0500

In testimony submitted today, NAR President Charles McMillan urged Congress to provide more funding to support FHA programs.

Advisory: Downpayment Clarification

Wed, 31 Dec 2008 14:58:13 -0500

NAR sets the record straight regarding the required size for a mortgage downpayment with four key facts.

NAR: Make Mortgages More Attainable

Thu, 18 Dec 2008 14:58:12 -0500

NAR applauds recent actions making mortgage interest rates more affordable; however, further action is needed.

Fed Action Creates Best Rates in 50 Years

Wed, 17 Dec 2008 14:58:11 -0500

Interest rates announced by the Federal Reserve Board today will significantly impact housing sales, home valuations, and the nation's overall economy.

NAR Pushes For Interest Rate Buy-Down

Wed, 17 Dec 2008 11:39:47 -0500

NAR seeks a 4.5 percent mortgage interest rate buy-down program financed through the U.S. Treasury Department’s Troubled Asset Relief Program.

REALTORS® Support Donovan Nomination

Mon, 15 Dec 2008 10:36:49 -0500

The National Association of Realtors® applauds President-elect Barack Obama’s selection of Shaun Donovan as Secretary of the U.S. Department of Housing and Urban Development.

Rate Drop Good, But Government Support Needed

Fri, 12 Dec 2008 13:35:41 -0500

After a recent decrease, NAR urges the federal government to continue to drive down mortgage interest rates and move ahead with housing stimulus action.

NAR to Congress: Housing Key to Recovery

Tue, 9 Dec 2008 16:16:28 -0500

NAR letter urges Congress to pass an economic stimulus package to help stabilize the housing market.

NAR Statement on Possible Treasury Action

Thu, 4 Dec 2008 14:18:17 -0500

NAR is pleased that the Treasury Department is seriously considering actions to lower interest rates, says NAR President Charles McMillan.

Updated Credit Crisis Information and Resources Available

Wed, 26 Nov 2008 11:39:30 -0500

NAR closely monitors Federal Government response to continuing credit crisis.

NAR Supports Fed's Debt Purchase Plan

Tue, 25 Nov 2008 10:00:54 -0600

In a four-point plan submitted to Congress last month, NAR called for the Treasury Department to purchase mortgage-backed securities (MBS) from banks.

New Weekly Washington Report Released

Mon, 24 Nov 2008 10:33:00 -0500

This week's The Washington Report explores current issues, including the newly published RESPA regulations.

NAR Calls Separation of Banking and Commerce Critical

Fri, 21 Nov 2008 10:11:43 -0500

In a letter to Federal Reserve Board Chairman Ben Bernanke, NAR expressed concern over GMAC's application for bank holding company status.

Realtors® Tell Congress Increased Housing Demand Will Stabilize the Market

Wed, 19 Nov 2008 11:04:13 -0500

National Association of Realtors® recommends a four-point plan to stimulate home sales and stabilize housing valuations.

Deadline Nears to Appeal New FHA Loan Limits

Wed, 19 Nov 2008 10:14:12 -0500

In a letter announcing the new loan limits, FHA also explained how to contest the new limits. Appeals must be made by December 6, 2008.

HUD Issues Final RESPA Rule

Mon, 17 Nov 2008 14:05:21 -0500

HUD publishes the Real Estate Settlement Procedures Act (RESPA) final rule.

Eye on the Hill: NAR Urges Congress to Consider New Housing Stimulus Package

Tue, 28 Oct 2008 11:17:41 -0500

NAR presses Congress to act on a new stimulus package to help stabilize the housing market and give a boost to the sagging economy.

President Signs $700 Billion Rescue Bill

Fri, 3 Oct 2008 11:58:46 -0500

NAR applauds quick action to stop the economic turmoil many Americans face.

House Passes Economic Stability Act

Fri, 3 Oct 2008 09:00:14 -0500

In a recent statement, National Association of Realtors® President Richard F. Gaylord urges swift action by President Bush on the Economic Stability Act.

NAR Salutes Housing Provisions as a Victory for Veterans

Thu, 11 Sep 2008 12:56:47 -0500

Legislation's provisions are critical to helping veterans during the current housing turmoil.

NAR Comments on Actions to Stabilize The Secondary Mortgage Market

Mon, 8 Sep 2008 13:03:56 -0500

National Association of Realtors® President Richard F. Gaylord issues a statement on Treasury and Federal Housing Authority actions designed to calm the market.