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NAR Supports Sanford/Sherman G-fee Bill

Published Saturday, March 11, 2017
On February 22, 2017, NAR along with several housing and mortgage industry trade groups sent a letter thanking Reps. Sanford (R-SC) and Sherman (D-CA) for reintroducing H.R. 916, the "Risk Management and Homeowner Stability Act." The legislation would amend the Congressional Budget and Impoundment Control Act of 1974 to prohibit the use of Fannie more»

Carson Becomes HUD Secretary

Published Saturday, March 4, 2017
Dr. Ben Carson was approved by the United States Senate by a vote of 58-41, and was sworn into office by Vice President Pence. NAR President Bill Brown had the following statement: “Dr. Carson should be proud of his achievement. The task at hand is a big one, and we applaud his commitment to the challenges that lie ahead. “NAR has been the more»

Pres. Trump Signs WOTUS Order

Published Saturday, March 4, 2017
On Feb. 28, President Trump signed an Executive Order that begins to unwind the Obama administration's controversial Clean Water Rule. Also known as the Waters of the U.S. rule, or WOTUS, the regulation was written by U.S. EPA and the Army Corps of Engineers to clarify the reach of the federal government over wetlands and waterways under the Clean Water more»

FinCEN Renews Anti-Money Laundering Efforts for High-End Real Estate Transactions

Published Saturday, February 25, 2017
The Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of Treasury is again extending the Global Targeting Orders (GTOs) that impose data collection and reporting requirements on title companies involved in certain high-end real estate transactions. Set to expire on February 23, 2017, FinCEN discovered that a significant portion of the more»

FHA Appraiser Identity Theft

Published Saturday, February 25, 2017
The U.S. Department of Housing and Urban Development (HUD) - Office of Inspector General (OIG) recently became aware of a number of instances of appraiser identity theft. The fraudulent schemes varied, but stemmed from someone using the state certification number of a Federal Housing Administration (FHA) roster appraiser. In many cases, the harm was made more»

NAR Seeks Improvements to the Digital Millennium Copyright Act

Published Saturday, February 25, 2017
The Digital Millennium Copyright Act ("DMCA") of 1998 endeavors to balance the interests of internet service providers and copyright owners when copyright infringement occurs in the digital environment. In comments filed with the U.S. Copyright Office on February 21, NAR stressed that the Digital Millennium Copyright Act (DMCA) is a highly more»

CFPB Petition for Rehearing PHH Case Granted

Published Saturday, February 18, 2017
On February 16, 2017, the U.S. Court of Appeals for the D.C. Circuit granted the Consumer Financial Protection Bureau’s (CFPB) petition for rehearing by the full bench of the D.C. Circuit (en banc), vacating the three-judge panel decision issued on October 11, 2016, in the case of CFPB v. PHH Corporation. Recall that in October, the three-judge panel more»

Supreme Court To Hear Property Rights Case

Published Saturday, February 11, 2017
The United States Supreme Court has agreed to hear oral argument in an important property righst case, Murr v. State of Wisconsin, on March 20, 2017. The Murr case, for which NAR submitted an Amicus Brief, arises from a Wisconsin’s family’s attempt to sell or develop a small river-front plot of land which they acquired in 1963 for investment more»
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