National Association of REALTORS® News
Friday, June 17 2016 11:00 AM
- Call for Action on H.R. 3700...Please take action and urge the Senate to follow the House's lead by passing H.R. 3700, the "Housing Opportunity Through Modernization Act of 2016." The bill makes needed reforms to the FHA condominium loan program, federal assisted housing programs and Rural Housing Service loan programs. Letter to Senate.
- House Examines Banking Rules...NAR expressed its support for a hearing the House Small Business Committee held June 9 to examine the burden the Dodd-Frank banking regulations have placed on small banks and rural communities. During the hearing, representatives of community banks testified that the increase in compliance requirements has impacted their ability make lending decisions based on creditworthiness. More.
- Live webcast: Preparing Now for Tax Time...You can hear from, and ask questions of, two accountants who work extensively with real estate clients on what to do throughout the year to maximize their tax position in a live webcast on Thursday, June 23, 2-3 p.m., Eastern time. Presenters are Peter Baker of Business Planning Group in Washington, D.C., and Linda de Marlor of Tax-Masters, Inc., Rockville, Md. Registration link.
- Tell Lenders Sharing Closing Disclosure is OK, NAR Urges CFPB...NAR is asking the Consumer Financial Protection Bureau (CFPB) to make clear to lenders that they may share the Closing Disclosure (CD) with real estate professionals and other third parties as long as the borrower provides consent. In a letter to the CFPB, NAR President Tom Salomone also asked the agency to provide lenders with additional guidance about revising the CD after sending it to the borrower and extend the deadline for correcting minor Know Before You Go errors from 30 to 180 days.