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GSEs Appraisal-Free Purchase Mortgages

Published Friday, September 1, 2017
On August 18, 2017, both Freddie Mac and Fannie Mae, collectively the Government Sponsored Entities (GSEs), announced they would allow for the use of their proprietary automated valuation tools in lieu of traditional appraisals for some purchase loan transactions. Freddie Mac will utilize their automated collateral evaluation (ACE) to determine home value more»

CFPB Final Rule on CD Sharing Effective Date

Published Saturday, August 26, 2017
On July 7, 2017, the Consumer Financial Protection Bureau (CFPB) released the final rule amending the “Know Before You Owe” (KBYO or TRID) mortgage disclosure rule. As advocated for by NAR, the final rule clarifies the ability to share the Closing Disclosure (CD) with third parties - a victory for real estate professionals nationwide. As more»

FinCEN Issues Money Laundering Real Estate Advisory and Renews GTOs

Published Wednesday, August 23, 2017
The U.S. Department of Treasury’s lead agency in the fight against money laundering, the Financial Crimes Enforcement Network (FinCEN), has released two notices related to money laundering risks associated with real estate transactions. The first is an Advisory to Financial Institutions and Real Estate Firms and Professionals (FIN-2017-A003) to more»

2017 Appraisal Summit

Published Saturday, August 5, 2017
On August 2, 2017, the National Association of REALTORS® hosted an Appraisal Summit, focused on the role of Appraisal Management Companies (AMCs) and their effect on the appraisal industry. A variety of stakeholders in the appraisal field, including AMCs, lenders, federal regulatory officials, trade association representatives, and REALTOR® agents more»

NAR Supports SBA Cyber Security Bill

Published Saturday, August 5, 2017
On Wednesday, August 2, the Senate Small Business Committee marked up and approved by a voice vote of 19-0 S. 1428, the Small Business Cyber Training Act of 2017, sponsored by Senator Risch (R-ID), with cosponsors Senators Shaheen (D-NH), Kennedy (R-LA), Duckworth (D-IL), and Peters (D-MI). This bipartisan bill would require small business development more»

Senate Health Reform Fails to Advance

Published Saturday, July 29, 2017
In an early morning Friday July 28th vote, the Senate Republican leadership’s so-called “skinny” Affordable Care Act (ACA) repeal bill failed to gather the 50 votes required for passage. Senators Susan Collins (R-ME), Lisa Murkowski (R-AK) and John McCain (R-AZ) sided with Democrats in a 49-51 roll call vote. Released a few hours before more»

NAR Opposes FHA Flood Regulation

Published Saturday, July 29, 2017
On July 26, 2017, NAR, as part of a broad coalition of housing, lending, insurance and consumer groups, opposed a Federal Housing Administration (FHA) regulation barring lenders from accepting private flood insurance on FHA insured loans, and urged its immediate reversal. On the same day, NAR wrote the full Senate requesting support and co-sponsorship of S. more»

EPA Releases Rule to Withdraw WOTUS

Published Saturday, July 29, 2017
Fulfilling a portion of an executive order by President Donald Trump, the EPA and the U.S. Army Corps of Engineers have released a proposal to rescind the Waters of the United States rule that expanded federal jurisdiction under the Clean Water Act. The proposal published in the Federal Register on Thursday, July 28 would nix the 2015 WOTUS rule and more»

Community News

The True Value of a REALTORŪ Association Goes Beyond the Basics
Friday, April 12, 2019
Town of Fairfax Agrees to Further Study of Maximum Square Footage and Rental Mediation; Review Just Cause Eviction in One Year
Friday, April 5, 2019
Advocacy Alert: Fairfax Considering House Size and Rental Changes
Monday, April 1, 2019

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