On September 27, 2016, the Federal Housing Administration (FHA) announced a proposed rule concerning single-family condominium project approval. The proposed changes include:
NAR sent a letter to members of Congress this week, urging them to move forward with legislation which would address several national energy challenges, including energy efficient building codes.
H.R. 8 includes language that would encourage meaningful energy savings for buildings by ensuring that new model building energy codes are achievable, technology-neutral and cost-effective. The “Blackburn/Schrader” provision also increases transparency, requiring the Department of Energy (DOE) to publish all proposals/analysis, and strengthens DOE’s role as a... Read More
The Appraisal Standards Board has issued the September Q&As for the 2016-17 edition of Uniform Standards of Professional Appraisal Practice. The Q&As address using drones in appraisal inspections and Restricted Appraisal Reports concerning multiple parties. The two main points made are:
... Read More
The Center for American Progress (CAP) released a report "Opportunities for Promoting Credit for Affordable Housing in Rural America," as follow-up to a joint White House and U.S.. Department of Agriculture convening facilitated by CAP and involving advocates, academics and other stakeholders, including the National Association of REALTORS®.
The report discusses potential ways in which to improve access to credit for rural housing including:
The Federal Housing Administration (FHA) recently published the August 2016 - HUD Handbook 4000.1 Frequently Asked Questions Update (FAQs). The FAQs cover a variety of topics including how to treat income earned by borrowers from state legalized marijuana, unreimbursed business expenses, repossessions and eligibility for borrowers with limited credit histories, among others.