NAR Asks HUD to Bring FHA Mortgage Insurance Premium Cut Back

February 10, 2017

On Jan. 30, 2017, NAR sent a letter to Department of Housing and Urban Development Secretary Designee Ben Carson asking the Federal Housing Administration (FHA) to reinstate the 25 basis point reduction of the annual mortgage insurance premiums that would have applied to mortgages with a closing or disbursement date of Jan. 27, 2017 and […]

DAAR’s Leadership at Work in Richmond

February 10, 2017

Members of DAAR’s Leadership descended on the Virginia General Assembly in Richmond during the 2017 Virginia REALTORS® Legislative Advocacy Conference in early February.   Eleven members from the DAAR Board of Directors and Government Affairs Committee represented your interests by advocating key issues for the real estate community before Loudoun’s lawmakers as part of the Conference’s REALTOR Day on the Hill. […]

HUD Suspends FHA Mortgage Insurance Premium Cut

January 20, 2017

The Department of Housing and Urban Development announced it suspended the reduction of Mortgage Insurance Premiums, effective immediately. The letter stated that the FHA will issue a subsequent Mortgagee Letter at a later date should this policy change. “FHA is committed to ensuring its mortgage insurance programs remains viable and effective in the long term […]

Advocacy in Action: Advance REALTOR® Priorities in Virginia!

January 13, 2017

Now in session… all of Virginia’s 100 Delegates and 40 Senators returned to the State Capitol on January 11th for a 46-day General Assembly ‘session’ to review amendments to the biennial budget and act on thousands of pieces of legislation. The primary goal of advancing REALTOR® priorities at the state level is to shape the future of real estate in […]

Fee Cut by FHA Set to Benefit First-Time Buyers

January 11, 2017

The Federal Housing Administration made an announcement on Monday, January 9th to cut fees, effectively lowering the financing cost for first-time home buyers. Set to take effect January 27th, the fee cut may alleviate the burden of rising interest rates for entry level buyers. Mortgage insurance premium fees would be reduced by a quarter of […]

Important Tax Provisions Still Available for 2016

January 5, 2017

The following status update on mortgage debt cancellation relief, an important federal tax issue for homeowners, is written by Jon Boughtin of NAR Media. The 114th Congress recessed in early December without completing work on a so-called “tax extenders” package needed to continue important tax breaks for real estate. This included tax relief for the […]