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VA Clarification on Comparable Sale Properties

Published Saturday, June 3, 2017
On May 19, 2017, the Department of Veterans Affairs (VA) published Circular 26-17-14 clarifying that there is no maximum standard for the distance between the subject property and related comparable sale properties. Rather, the appraiser should specify why in a certain market, rural or suburban, whether extended distances are normal for that market and how more»

Advisory on Appraiser Availability

Published Saturday, June 3, 2017
On May 31, 2017, the federal bank regulatory agencies - the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), and the Office of the Comptroller of the Currency (OCC) – released an Issue Advisory on Appraiser Availability drawing attention to two existing more»

NAR Opposes USDA Reorganization

Published Saturday, May 27, 2017
The US Department of Agriculture (USDA) has provided a report to Congress proposing their reorganization. The new plan creates an Under Secretary for Trade and Foreign Agriculture Affairs. However, it also eliminates the Under Secretary of Rural Development, a department which includes rural housing programs. Instead, rural development agencies will report more»

Hearing Held on PHH v. CFPB

Published Saturday, May 27, 2017
On May 24, 2017, the U.S. Court of Appeals for the D.C. Circuit heard oral arguments in the case of PHH Corp. v. CFPB. The court examined whether the Consumer Financial Protection Bureau’s (CFPB) single director structure is unconstitutional and whether the CFPB exceeded their authority when interpreting the Real Estate Settlement Procedures Act more»

House Releases Flood Insurance Bill

Published Saturday, May 27, 2017
On May 25, 2017, the House Financial Services Committee released portions of draft legislation to reauthorize and reform the National Flood Insurance Program (NFIP). The program is up for reauthorization on September 30. The committee has released six sections spanning 161 pages, addressing NFIP affordability, flood mapping, mitigation incentives, taxpayer more»

NAR Comments on Appraiser Qualifications

Published Saturday, May 13, 2017
On May 9, 2017, NAR submitted a comment letter to the Appraiser Qualifications Board (AQB) in response to the Third Exposure Draft concerning proposed changes to the AQB's Real Property Appraiser Qualification Criteria. NAR agreed with the AQB's removal of the degree requirement for licensed residential appraisers, the basic appraiser qualification, more»

House Passes Health Reform Bill

Published Saturday, May 6, 2017
On Thursday, May 4, 2017, the House approved H.R. 1638, the American Health Care Act (AHCA) on a vote of 217 – 213. All of the Democratic Representatives and 20 Republicans opposed the bill. The legislation replaces some provisions of the Affordable Care Act. The bill now heads to the Senate for consideration. The outlook for the bill in the Senate is more»

Register for the NAR Town Hall Webcast

Published Saturday, April 29, 2017
On May 10 at 2 PM EDT, NAR will conduct a live Town Hall Meeting for REALTORS® who are planning to attend the 2017 REALTORS® Legislative Meetings & Trade Expo. NAR's Senior Vice President and Chief Lobbyist Jerry Giovaniello will be accompanied by NAR lobbyists highlighting the issues REALTORS® are to present during meetings in Capitol more»
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Sterling Bank & Trust Estate & Business Organizers
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