NAR Urges Mnuchin to Protect MID

Published Saturday, March 18, 2017
In a letter dated March 10, 2017, NAR 2017 President William E. Brown urged new Treasury Secretary Steven Mnuchin to protect the current tax benefits of homeownership as the Trump Administration seeks to reform the federal income tax system. Referring to recent media reports where Mnuchin promised to leave “the mortgage interest deduction as more»

President Trump Releases Budget

Published Saturday, March 18, 2017
On Thursday, March 16th, President Trump released the "America First - A Budget Blueprint to Make America Great Again". The budget does not include many details, but is more an outline of President Trump’s spending proposals. House and Senate appropriations committees will review the budget proposals and will develop the final budget more»

Senate Commerce Hearing on Drones

Published Saturday, March 18, 2017
On Wednesday, March 15, the Senate Commerce, Science, & Transportation Committee held the hearing "Unmanned Aircraft Systems: Innovation, Integration, Successes, and Challenges." The hearing focused on the industry growth seen since the FAA released its rule on Small Unmanned Aircraft Systems (UAS), which went into effect in August 2016, as more»

HUD Secretary Launches Listening Tour

Published Saturday, March 18, 2017
On March 15, 2017, Department of Housing and Urban Development (HUD) Secretary Ben Carson began his nation-wide "listenting tour" to better understand the way HUD and its programs are working in the day-to-day sense. Sec. Carson first mentioned the idea of the listening tour during his Senate confirmation hearing in January. The first stop was more»

Flood Insurance Hearings

Published Saturday, March 11, 2017
On March 9, 2017, the House of Representatives held the first of several hearings on the National Flood Insurance Program (NFIP). The Senate’s first hearing is on March 14. The NFIP must reauthorized to continue selling flood insurance after September 30 of this year. The purpose of these hearings is to solicit ideas for how to restructure the NFIP more»

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»
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Sterling Bank & Trust Estate & Business Organizers
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