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»

Executive Order Guidance Released

Published Saturday, February 11, 2017
The White House has released "Interim Guidance" on President Trump's Executive Order (EO) that requires agencies to remove two rules for every new one they publish. The Interim Guidance fleshes out how the Office of Management and Budget will implement and monitor the EO. The Interim Guidance clarifies several areas in terms of which more»

USDA Acting State Directors

Published Saturday, February 11, 2017
USDA Rural Development has posted the names and contact information for the Acting Directors of the USDA Rural Development State Offices. The Acting Directors will serve until the Trump Administration's political appointments for these positions are made. USDA State Offices - Contact Information

NAR Letter on FHA Premiums

Published Saturday, February 4, 2017
On Jan. 30, 2017, NAR sent a letter to Department of Housing and Urban Development Secretary Designee Ben Carson asking the Federal Housing Administration (FHA) to reinstate the 25 basis point reduction of the annual mortgage insurance premiums that would have applied to mortgages with a closing or disbursement date of Jan. 27, 2017 and to eliminate the more»

Trump Signs Regulatory Executive Order

Published Saturday, February 4, 2017
On January 30, President Trump signed an Executive Order (EO) that combines two regulatory reform measures: a regulatory "one-in, two-out" approach with a regulatory “budget." The "one-in, two-out" section of the order requires agencies to remove two rules for every new one they publish. The regulatory budget would allow the more»

CFPB Enforcement Actions: Real Estate Brokers, a Mortgage Lender, and a Mortgage Servicer

Published Thursday, February 2, 2017
The Consumer Financial Protection Bureau (CFPB) issued multiple enforcement actions for Real Estate Settlement Procedures Act (RESPA) violations, including two against real estate brokers. Prospect Mortgage, LLC, received a $3.5 million penalty for paying illegal kickbacks for mortgage business referrals. Re/Max Gold Coast and Keller Williams Mid-Willamette more»

NAR Comments on NFIP Reform Principles

Published Saturday, January 28, 2017
This week, NAR formally weighed in with the House Financial Services Committee on principles released late last year for the reform of the National Flood Insurance Program (NFIP). The NFIP is up for reauthorization on Sept. 30 of this year, and NAR is encouraged that this is an early priority for the Committee. While many of the principles align with more»
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Estate & Business Organizers Sterling Bank & Trust
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