Economic Commentary By Ingo Winzer - Local Market Monitor January 18, 2011 Although the economy has officially been out of recession for quite some time, those aspects of economic behavior most important to the real estate markets, namely, jobs and borrowing, have remained stuck in the ditch. The latest data suggest, however, that consumers will soon…
Category Archives: Legislative Updates
Prompt Decision for Qualification of Short Sale Act of 2010
In a continuing effort to keep our membership informed on the latest legislative affairs affecting real estate investors, National REIA wants to call your attention to a piece of legislation recently introduced in Congress which would significantly change, for the better, the way in which lenders and mortgage servicers respond to short sale offers. The…
National REIA sends comment to FHFA
In July National Real Estate Investors Association partnered with the Coalition to Stop Wall Street Home Resale Fees and as a result has submitted a letter to the Federal Housing Finance Agency per their recent request for public comment regarding their request for Public Comments “Guidance on Private Transfer Fee Covenants, (No. 2010-N-11).” To view…
Coalition to Stop Wall Street Home Resale Fees Applauds U.S. House of Representatives for Proposing Ban on For-Profit Home Resale Fees
For Immediate Release: Contact: Rachel Wolf, (202) 331-2120 September 30, 2010 “Dear Colleague Letter Explains “Fees Provide No Benefit to Consumers” WASHINGTON – The Coalition to Stop Wall Street Home Resale Fees applauds Congresswoman Maxine Waters and Co-Sponsors Sherman, Sires, and Gwen Moore for introducing the Homeowner Equity Protection Act of 2010 to ban private…
HUD releases August Scorecard
OBAMA ADMINISTRATION HOUSING SCORECARD SHOWS CONTINUED PROGRESS IN HOUSING MARKET, BUT CHALLENGES REMAIN Impact of Administration efforts seen in increased affordability and continued house price stabilization; data underscores more work ahead to stem foreclosures, delinquencies WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today released…
Coalition to Stop Wall Street Home Resale Fees Applauds FHFA for Regulating Financial Scheme that Threatens Homeownership
Contact: Rachel Wolf (202) 331-2120 August 12, 2010 Coalition to Stop Wall Street Home Resale Fees Applauds FHFA for Regulating Financial Scheme that Threatens Homeownership FHFA finds that fees “fund purely private streams of income” and “increase the cost of homeownership” WASHINGTON – The Coalition to Stop Wall Street Home Resale Fees applauds the Federal…
What Investors Should Know About Financial Reform
The measure is a mixed bag. But new regulations aim to assist investors by adding transparency and preventing sudden panics on Wall Street. By Jeffrey R. Kosnett, Senior Editor, Kiplinger’s Personal Finance July 22, 2010 Source: Kiplinger Investors won’t gain much relief from the sweeping financial reform measure signed into law July 21. They will…
Conference Committee agrees to relax Seller Financing rules
Realtors Score a Win on Seller Financing An Article from the Wall Street Journal Jessica Holzer reports from Washington: Most people write a check to a lender or mortgage servicer when they want to pay their mortgage. A tiny minority of borrowers, however, make their monthly payment directly to the person who sold them their…
HR 4173 In Conference Committee: Action Required
HR 4173 is the financial reform bill that has been the highlight of news coverage and congressional debate for the past few weeks and months. The bill has been passed, albeit in two different forms, in both the House of Representatives and the Senate. The version passed by the House includes a provision to limit the…
Legislative Trends apparent in new reports
by: Keith Knapp New legislative reports, courtesy of StateNet© are alarming in that there are several states that have started to propose regulatory changes to current state laws that would mirror HUD’s SAFE Act rules. While HUD’s final rules have yet to be published, states are lining up to ensure compliance if they are, in…