Good afternoon: If you’ve been following the news from DC, you know that if Congress is unable to agree on the provisions of a Continuing Resolution (CR) to fund the federal government by September 30, 2023, the result will be a partial shutdown of some government operations. This partial shutdown will include some federal housing,Continue reading “From the National Association of REALTORS® Regarding a Government Shutdown”
Category Archives: Federal
Fee Changes by Fannie Mae & Freddie Mac
NAR Is Making the REALTOR® Voice Heard on LLPAs April 26, 2023 Mortgage Financing, Fannie Mae & Freddie Mac (GSEs) By: Stacey MoncrieffFee changes announced by Fannie Mae and Freddie Mac lead to both legitimate concerns and misunderstandings. Beginning May 1, some Americans will see higher fees on their mortgages while others will see fees reduced orContinue reading “Fee Changes by Fannie Mae & Freddie Mac”
Important Housing Information from NC REALTORS®
The AdvocateJanuary 6, 2023 Federal Funding Update President Joe Biden signed H.R.2617, the 2023 Consolidated Appropriations Act, into law on December 29, 2022. The bill is a $1.7 trillion omnibus spending bill that will fund the US federal government through fiscal year 2023. The bill includes funding for domestic and foreign policy priorities. The sweepingContinue reading “Important Housing Information from NC REALTORS®”
FHFA Adopts New FICO Scores
FHFA Announces Framework to Adopt New FICO and VantageScore Scores October 25, 2022 Fannie Mae & Freddie Mac (GSEs), Credit Policy By: Ken Fears (National Association of REALTORS®) The FHFA announced(link is external) that it will implement a framework for adopting two new credit scoring models by Fannie Mae and Freddie Mac. The framework will likely take several yearsContinue reading “FHFA Adopts New FICO Scores”
National Association of REALTORS® Update on Floor Plans
NAR Asks Supreme Court to Protect Consumers from Lawsuits When Making Floor Plans of Their Homes Filing comes after Eighth Circuit ruling leaves homeowners vulnerable to onerous and unnecessary liabilities April 7, 2022Media Contact: Wesley Shaw 202-383-1193Legal WASHINGTON (April 7, 2021) – The National Association of Realtors® today filed an amicus brief with the U.S. SupremeContinue reading “National Association of REALTORS® Update on Floor Plans”
National Association of REALTORS® – White House Briefing on Property Appraisals
from Sehar Siddiqi – Director, Fair Housing Policy and ValuationNational Association of REALTORS® On march 29, the White House and HUD held a briefing on the Property Appraisal and Valuation Equity (PAVE) Action Plan with Erika Poethig, Director of the Domestic Policy Council, and Melody Taylor, Executive Director PAVE and HUD Regional Director. The NationalContinue reading “National Association of REALTORS® – White House Briefing on Property Appraisals”