(Boston, Mass. – April 11, 2012) The owners of rental properties in Bridgeport, Conn. as well as South Boston, Roxbury, and Dorchester, Mass., face EPA penalties for violating federal lead paint disclosure rules. In both cases, these violations potentially put tenants at risk of exposure to lead hazards. According to a complaint filed by EPA’s…
Category Archives: Legislative Updates
EPA Fines Violators of the Lead Renovation, Repair and Painting Rule
WASHINGTON – The U.S. Environmental Protection Agency (EPA) announced three enforcement actions for violations of the Lead Renovation, Repair and Painting Rule (RRP) and other lead rules. The RRP rule requires the use of lead-safe work practices to ensure that common renovation activities like sanding, cutting and demolition, which can create hazardous lead dust, are…
Investors Wanted to Rent out Government REOs
On Wednesday, the Federal Housing Finance Agency (FHFA), HUD, and the Treasury Department issued the call for private investors, industry stakeholders, and community organizations to share their recommendations on how best to manage the disposition of government-owned properties. The agencies have issued an official Request for Information (RIF) to explore alternatives for foreclosed homes held…
New Proposed Rules Will Hurt Homeowners
Over the past few weeks the real estate industry has been on high alert to fight against the well-meaning, but poorly constructed Federal Proposal which states that any Qualified Residential Mortgages (QRM) require a 10-20% downpayment or 25-30% equity to refinance. This rule (which was written to comply with the Dodd-Frank bill) does not effectively…
Federal Reserve seeks comments regarding seller financing
Federal Reserve seeks comments regarding proposed rule From THE PAPER SOURCE JOURNAL, July, 2011: The Federal Reserve, which received sweeping new authority under the Obama regulatory reauthorization, wants to effectively eliminate seller-held (a.k.a. purchase money) mortgages. It will do this by enacting a rule for the Dodd-Frank Act prohibiting property sellers from taking back a mortgage unless the buyer essentially can…
Coalition for Sensible Housing Policy Responds to Comments from Rep. Barney Frank (D-MA)
As a member of the Coalition for Sensible Housing Policy, we wanted to pass along a recent Press Release following comments from Rep. Barney Frank (D-MA). (Washington, DC) – The following statement was issued by the Coalition for Sensible Housing Policy in response to remarks made this morning by Rep. Barney Frank (D-MA): Risk retention…
Last Day to Reserve a Room at National REIA’s Day on the Hill
2011 Investor Summit expands focus of past “Days on the Hill” Don’t miss your chance to RESERVE A ROOM at our New and Improved Investor Summit, April 13-14, 2011. RESERVE YOUR ROOM NOW! If you’ve yet to register, DON”T MISS YOUR CHANCE! To view our tentative schedule click HERE.
The Real Estate Lobby Is Ready to Rumble
By Lorraine Woellert, February 3, 2011 Barbara J. Thompson plans to put a human face on the high-stakes debate over whether to preserve cherished U.S. government subsidies for home loans. Hundreds of faces, in fact. Next month, she’ll lead a legion of “everyday people” to Capitol Hill to affirm the virtues of homeownership and urge Congress…
2011 “Investor Summit” expands focus of past “Days on the Hill”
2011 “Investor Summit” expands focus of past “Days on the Hill” Don’t miss our New and Improved Investor Summit, April 13-14, 2011. Agenda and Registration Information coming soon. Our 2010 Day on the Hill was a resounding success, but as we continue to grow as an organization we must continue to innovate an transform ourselves…
Feds Propose Rule on Private Transfer Fees
As part of the Coalition to Stop Wall Street Home Resale Fees, National REIA is happy to pass along press releases and other materials that are provided in support of the coalition’s efforts. Below is a report detailing the Federal Housing Finance Agency’s most recent proposed ruling regarding private transfer fees. By Dennis Norman, on…