Politics & Government Archive

3 Surprising Revelations at the REALTOR® Party Convention

I’m a bit floored. There are all kinds of obscure laws — or would-be laws — pertaining to real estate that can throw practitioners for a loop. But three points of discussion came up during Wednesday’s sessions at the...
May 14, 2014

Meeting Promises Productive Relationship with Fannie, Freddie Regulator

NAR President Steve Brown in a meeting yesterday with new Federal Housing Finance Agency (FHFA) Director Mel Watt shared REALTORS®’ concern over the continued availability of safe and affordable mortgage financing and thanked the director for postponing a decrease...
February 13, 2014

Philadelphia REALTORS® Show Their City Some Brotherly Love

Philadelphia has the ninth largest municipal economy in the world, by some measures, but despite its size, it’s struggling with budget matters like many major cities. Among other things, it has some 40,000 buildings and 10,000 lots that are...
February 5, 2014

Mortgage Availability Tightening? QM Takes Effect Today

NAR has been working with federal regulators since Congress in 2010 passed massive banking reform legislation, part of which created the qualified mortgage and qualified residential mortgage rules. Today is an important day in the timeline of those rules,...
January 10, 2014

Health Reform: NAR President Steve Brown on What You Need to Know

Since the federal government enacted health insurance reform in 2010, NAR has put out a considerable amount of information on the law, including on the basics of signing up for insurance under the law based on a one-hour webinar...
December 30, 2013

Veissi: Pause Needed on Flood Ins. Changes

NAR and many lawmakers in Congress are pushing for a time-out in the federal government’s efforts to eliminate flood insurance subsidies over time and phase in premium rates that reflect properties’ actuarial risk of flooding. NAR’s Call for Action...
November 20, 2013

Thomas Presses on Gov’t Backing, Loan Limits

NAR President Gary Thomas in testimony before the Senate Banking Committee this week again took aim at a proposal floated by a federal regulator to reduce the size of loans that Fannie Mae and Freddie Mac can handle. Although...
October 30, 2013

Busting a Health Care Reform Myth: Penalties Can’t Be Recouped With a Lien on Your House

A false Facebook post is making the rounds claiming that if you don’t pay the penalty for not buying health insurance, the IRS can file a lien against your home. The health care reform law requires individuals who don’t...
October 23, 2013

Showdown With the Shutdown: Tales of How the Government Closures are Affecting Real Estate

The effects of the government shutdown are rippling through the real estate industry, and practitioners are feeling the pain all over the country. Most of the complaints we’re fielding are about USDA loans, which have been entirely frozen. Real...
October 9, 2013

Yun on Debt Ceiling: 450,000 Lost Sales with 1% Mortgage Rate Rise

If the federal government fails to increase its borrowing authority prior to when the U.S. Treasury says it will run out of money to pay its bills, debt default is not necessarily the first consequence we’ll see, says NAR...
October 9, 2013