Three Calls for Action

NAR is launching three Calls for Action (CFA) this week. The first is a regulatory Call for Action to the Environmental Protection Agency on the “Waters of the United States” rule.  The second is for commercial practitioners concerning the Terrorism Risk Insurance Act (TRIA) reauthorization. The third is an all-member CFA to the United States Senate andContinue reading “Three Calls for Action”

House Passes Mortgage Choice Act

On September 16, the House of Representatives passed H.R. 5461, a compendium of legislation that included H.R. 3211, The Mortgage Choice Act. H.R. 3211 addresses discrimination in the calculation of fees and points in the Qualified Mortgage Rule. The bipartisan legislation is designed to present the Senate with a package of widely agreed upon reforms thatContinue reading “House Passes Mortgage Choice Act”

Mortgage Debt Cancellation Tax Relief Update

On April 3 the Senate Finance Committee agreed to a bipartisan bill to reinstate close to 50 tax provisions that expired at the end of 2013. Among the real estate provisions included in the “extenders” package are tax relief for mortgage debt forgiveness, 15-year cost recovery for qualified leasehold improvements, election to expense certain qualifiedContinue reading “Mortgage Debt Cancellation Tax Relief Update”

Senate to Tackle Tax Reform

On June 27th the Chairman of the Senate Finance Committee, Max Baucus (D-MT) and Ranking Member Orrin Hatch (R-UT) announced their plan for tax reform legislation in the United States Senate.  A letter to all Senators announced their intention to “mark-up” (create legislation in the committee) a tax reform bill this fall and that theyContinue reading “Senate to Tackle Tax Reform”

House Passes Cybersecurity Legislation

On April 26th, the House passed the Cyber Intelligence Sharing and Protection Act (CISPA.) The legislation would allow the government to relay cyber threat information to a company to prevent cyber attacks. In the private sector, corporations could alert the government and provide data that could stop an attack intended todisrupt the country’s water supplyContinue reading “House Passes Cybersecurity Legislation”