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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»

FinCEN Renews Anti-Money Laundering Efforts for High-End Real Estate Transactions

Published Saturday, February 25, 2017
The Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of Treasury is again extending the Global Targeting Orders (GTOs) that impose data collection and reporting requirements on title companies involved in certain high-end real estate transactions. Set to expire on February 23, 2017, FinCEN discovered that a significant portion of the more»

FHA Appraiser Identity Theft

Published Saturday, February 25, 2017
The U.S. Department of Housing and Urban Development (HUD) - Office of Inspector General (OIG) recently became aware of a number of instances of appraiser identity theft. The fraudulent schemes varied, but stemmed from someone using the state certification number of a Federal Housing Administration (FHA) roster appraiser. In many cases, the harm was made more»

NAR Seeks Improvements to the Digital Millennium Copyright Act

Published Saturday, February 25, 2017
The Digital Millennium Copyright Act ("DMCA") of 1998 endeavors to balance the interests of internet service providers and copyright owners when copyright infringement occurs in the digital environment. In comments filed with the U.S. Copyright Office on February 21, NAR stressed that the Digital Millennium Copyright Act (DMCA) is a highly more»
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Estate & Business Organizers Sterling Bank & Trust
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