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FHA Extends Temporary Condominium Guidance

Published Saturday, September 9, 2017
On Aug. 30, 2017, the Department of Housing and Urban Development (HUD) released Mortgagee Letter 2017-13, Extension of Temporary Approval Provisions for the Federal Housing Administration (FHA) Condominium Project Approval Process, which extends the current temporary guidelines on condominium projects until HUD publishes and implements the Final Rule of more»

Committee Approves ADA Reform Bill

Published Saturday, September 9, 2017
On Thursday, Sept. 7, the House Judiciary Committee held a markup of H.R. 620, the ADA Education and Reform Act of 2017, sponsored by Rep. Ted Poe (R-TX). The Judiciary Committee, led by Chairman Bob Goodlatte (R-VA) and Ranking Member John Conyers (D-MI) considered the legislation, which adds a "notice-and-cure" provision to the Americans with more»

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»

Community News

Larkspur Paving Project Schedule Moved Up
Tuesday, May 14, 2019
Phishing Scam Targeting REALTORS®
Wednesday, May 8, 2019
The True Value of a REALTOR® Association Goes Beyond the Basics
Friday, April 12, 2019

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Sterling Bank & Trust
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