Blog

Do Your Clients Understand Their Mortgage Disclosure Documents?

November 22, 2019

You can help improve how this critical information is presented to homebuyers by giving the National Association of Realtors® your feedback! The Consumer Financial Protection Bureau (CFPB) is reviewing the mortgage disclosure rule, known as the TRID rule. This rule drastically changed the mortgage disclosure process to improve transparency for consumers (i.e. creation of the […]

Flood Insurance Extended Through December 20th

November 22, 2019

Yesterday, November 21, 2019, Congress extended the National Flood Insurance Program (NFIP) through Dec. 20, avoiding a lapse in the program. The President signed the bill into law. The NFIP is being extended as part of the Continuing Resolution (CR) to keep the government operating while Congress works on 2020 appropriations measures over the next […]

FHA: No Conflict of Interest for Brokers Receiving Commissions on HUD REO Homes

November 18, 2019

The National Association of REALTORS® says the FHA’s response to its recent advocacy efforts is a big win for members who have an ownership interest in HUD real estate-owned homes. Adopting NAR’s interpretation, the FHA has revisited its policy and will now permit brokers to receive commissions on sales of HUD REO homes in which […]

Everyone Counts! Take Part in the 2020 Census

October 30, 2019

Every ten years, the United States Census Bureau conducts a count of everyone in our nation. The next census will begin in the spring of 2020. It is important that Loudoun County receives an accurate count of our residents because so many things that matter to this area are determined by the census. The people […]

Window to the Law: Flood Insurance & Disclosures: What You Need to Know Now

October 10, 2019

Flood-related disclosures can generate a deluge of legal and ethical questions. What needs to be disclosed? How should you advise your sellers? What should you tell buyers about flood risk and flood insurance? Check out the latest Window to the Law video from NAR Associate Counsel Deanne Rymarowicz who answers these questions and more. Click […]

IRS Improves Deduction Safe Harbor for Mixed-Use CRE

October 10, 2019

The Internal Revenue Service this week released final guidance regarding a safe harbor to help owners of real estate enterprises determine whether they qualify for the new 20% deduction for “qualified business income.” While the safe harbor is largely unchanged in most aspects, it does ease the requirements for owners of mixed-use real estate (commercial […]

Flood Insurance Available Through November 21st

September 30, 2019

On Friday, September 27, 2019, President Trump signed into law an extension of the National Flood Insurance Program’s funding authority. This temporary measure also funds other government operations and averts a government shutdown through November 21, 2019. National Association of Realtors® President John Smaby issued the following statement: “With this CR temporarily ending the threat […]

Watch the FHA Condo Rule Facebook Live: 9/26

September 20, 2019

The U.S. Department of Housing and Urban Development is expected to release new Federal Housing Authority (FHA) condominium financing policies on October 15, 2019. The new rules should benefit your real estate clients and customers by allowing more buyers to obtain low down-payment mortgages on affordable housing options. Join the NAR FHA Condo Rule Facebook […]

GSE Reform Proposal Unveiled

September 11, 2019

On September 5, 2019, the White House released a proposal to reform the nation’s housing finance system and privatize Fannie Mae and Freddie Mac. The recommendations, if implemented, will impact operations of the Government Sponsored Enterprises (GSE) and the Department of Housing and Urban Development (HUD). While the plan involves potential administrative, regulatory, and legislative […]

New FHA Condo Rule Expected to Yield Thousands of New Homeownership Opportunities

August 14, 2019

The U.S. Department of Housing and Urban Development is expected to release new Federal Housing Authority (FHA) condominium financing policies. The new rules should benefit your real estate clients and customers by allowing more buyers to obtain low down-payment mortgages on affordable housing options. Specifically, the rule will extend certifications from two years to three, […]