Monthly Archives: January 2015

Realtors® Support FHFA Director Watt’s Efforts to Promote Affordable Homeownership

WASHINGTON (January 27, 2015) – The following is a statement by National Association of Realtors® President Chris Polychron: “Realtors® support responsible lending to qualified buyers, which is essential for building strong communities. The new low down payment mortgage program introduced … Continue reading

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FHA Premium Reduction In Effect

On January 26, 2015, the Federal Housing Administration’s (FHA) 50 basis point mortgage insurance premium (MIP) reduction goes into effect.  FHA expects a high volume of case number assignments beginning on the 26th, so lenders may experience slower than normal … Continue reading

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Staging Tips: Styling for the Photo Shoot

By Julea Joseph, Reinventing Space You have worked tirelessly preparing your home for sale. Don’t let all your hard work fall short with the often forgotten, most overlooked step in a great home staging – The Pre-Photo Shoot Styling. Before … Continue reading

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House Science Committee Drones Hearing

On Wednesday, January 21, the House Science, Space, and Technology Committee (Chairman Lamar Smith, R-TX, and Ranking Member Eddie Bernice Johnson, D-TX) held a hearing on "Unmanned Aircraft Systems Research and Development" to discuss innovations in unmanned aircraft systems (UAS, … Continue reading

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CFPB Targets Kickbacks

On Thursday January 22, 2015, the Consumer Financial Protection Bureau (CFPB) and the Maryland Attorney General ordered two banks to pay more the $37 million in fines for illegal payments for referrals under the guise of marketing and other agreements … Continue reading

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EPA Publishes Water Science Report

The Environmental Protection Agency's (EPA) Office of Research and Development released the final science report, Connectivity of Streams and Wetlands to Downstream Waters. The report concludes that streams, wetlands, and other open-waters influence the integrity of downstream waters through both … Continue reading

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Learn the True Costs Behind Rehabbing a Fixer Upper

The average cost of a midrange bathroom remodel is nearly $17,000, according to “Remodeling” magazine’s “Cost v. Value Report.” That may be just the tip of the expense iceberg for buyers considering purchasing a fixer-upper. Help buyers plan wisely before … Continue reading

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NAR Comments on FHLB Membership

On January 9, 2015, NAR submitted comments to the Federal Housing Finance Agency on proposed membership rule changes to the Federal Home Loan Bank (FHLB) system to make sure that members maintain an ongoing commitment to homeownership. NAR policy supports … Continue reading

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TRIA Reauthorization Signed Into Law

On Monday, January 12, the President signed H.R. 26, the Terrorism Risk Insurance Program Reauthorization Act of 2015, into law.  This law, which was passed by the House by a vote of 416-5 on January 7th and the Senate by … Continue reading

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Dated Kitchens Get Long Overdue Makeovers

By Melissa Dittmann Tracey, REALTOR® Magazine Dated kitchens are getting a makeover in many homes this year. About a quarter of about 3,500 home owners recently surveyed say they are remodeling kitchens that are more than 30 years old and … Continue reading

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