Nation: Bill to Reform Dodd-Frank Introduced

Congressman Jeb Hensarling (R-TX), Chairman of the House Financial Services Committee, introduced the “Financial Choice Act” to reduce regulatory burdens and expand credit access to consumers and businesses.  NAR sent a letter to the Committee in support of several provisions in the bill including a revision to the Truth in Lending Act’s (TILA) definition ofContinue reading “Nation: Bill to Reform Dodd-Frank Introduced”

NAR President On Condominium Regulations

In October NAR 2015 President Chris Polychron testified before the Housing and Insurance Subcommittee of the House Financial Services Committee.  The hearing focused on H.R. 3700, the “Housing Opportunity Through Modernization Act of 2015,” which NAR supports. This legislation includes a number of provisions to ease the sale and purchase of condominiums with FHA mortgageContinue reading “NAR President On Condominium Regulations”

House Committee Passes Mortgage Choice Act

The House Financial Services Committee passed H.R. 685, “The Mortgage Choice Act” with bipartisan support after an intense effort by NAR and coalition partners.   The Committee vote was 43-12. The legislation would reduce discrimination against affiliate lenders in the calculation of fees and points under various mortgage rules. The bill is now ready for considerationContinue reading “House Committee Passes Mortgage Choice Act”