2014 NAR REALTOR Party Convention

May 12 – 17
Washington, D.C.

FRAR members in attendance: Jimmy Townsend, James Sherrill, Swayn Hamlet, Queen Wheeler, Zan Monroe, Jane Cannon, Debbie McFayden, Angie Hedgepeth


Congressional Actions and the 2014 Midterm Election:  Federal Legislative & Political Forum

Two political strategist in the country, David Plouffe and Steve Schmidt provided perspectives on the issues and congressional races going on in Washington, DC.

What Was Said: (David Plouffe)

  • The Latino vote is very important
  • D.C. government is loced down until next election
  • GSE reform, tax reform, transportation program will some action in the lame duck session
  • The window will be small in 2015 to pass any legislation
  • You will see immigration reform

What Was Said: (Steve Schmidt)

  • Politicians pick voters now due to redistricting
  • Demographic groups are gaining democrats
  • Demographic groups are loosing republicans
  • Currently there are not enough white people to get you elected
  • The Asian vote is not voting republican, they are one of the fastest growing groups in America
  • Short term – billionaires are buying the White House
  • Real estate tax revisions are important to the next election


FHA: 80 Years and Counting:  Regulatory Issues Forum

Speakers:  Shaun Donovan, HUD Secretary, Washington DC
Carol Galante, FHA Commissioner, Washington DC

What Was Said: (Shaun Donovan)

  • The partnership with REALTORS® has been strong and thank you for the work you’ve done
  • The National Association of REALTORS® represents a critical chapter.  We can’t afford to spend time in the rearview mirror
  • 2013 was the best year for new home sales since 2006
  • Obtaining credit is now difficult, we have created a blue print for credit access and that is housing counseling, which means less delinquency by 30%.  This is a good decision for the health of FHA
  • The new program is called “HAWK” – Homeowners Armed With Knowledge
  • HAWK will provide (discounts of annual premiums, FHA working with lenders, quality assurance programs for lenders)
  • HAWK is a winner for everyone…an example is a $180.000 loan will save around $10,000 during the life of the loan
  • Johnson Crepo Bill – housing reform, we have to do a better job with housing finance reform

What Was Said: (Carol Galante)

  • Our work together has changed the face of homeownership
  • The average credit score for a mortgage is 752, 33 million have a score between 580 – 680
  • The new HAWK handbook is published for comments
  • What does it mean for REALTORS®? It means broader availability, lending more confidently, homebuyer education with counseling
  • HAWK is a 4 year pilot program that is robust with real savings
  • 20 – 30% percent will take advantage of this program
  • We are receiving feedback during the next 30 – 45 days

Sidebar:  The following link below will take you to the HAWK porthole.



Heard on the Hill…..

Senator Richard Burr

“The average middle class income has dropped by $3,500”
“The highest poverty rate is with women”
“People with money are having no problems”
“GSE – not there yet…needs reform”
“The average American is struggling”



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Published by Angie Hedgepeth

Angie Hedgepeth, Government Affairs Director for the Association, attends all the local meetings each month, as well as NAR and NCAR meetings, and keeps members abreast of the multiple issues being addressed in local, state and national government. She prepares reports on the meetings she attends and they are included in the weekly "Government Affairs Update".