On November 28, 2016, NAR submitted a comment letter to the Federal Housing Administration (FHA) regarding proposed changes to FHA Condominium certification requirements. Many of the proposed changes align with areas REALTORS® have expressed a need for more lenience and reflects NAR advocacy on these matters. The NAR letter specifically asks FHA to: Remove theContinue reading “Nation: NAR Proposes Changes to Condo Certification Requirements”
Tag Archives: HR 3700
Nation: HUD Extends Temporary Guidance on Condos
On August 24 HUD extended its existing temporary guidance on condos, without the changes brought about in HR 3700 (Housing Opportunity Through Modernization Act). HUD continues to work on the regulatory guidance to implement the new law, but the existing guidance was set to expire. In notice 2016-13, HUD extends the existing guidance until theContinue reading “Nation: HUD Extends Temporary Guidance on Condos”
Nation: Senate Passes Important Housing Bill
On July 14 the US Senate passed HR 3700, the “Housing Opportunity Through Modernization Act,” by unanimous consent. The legislation is expected to be signed by President Obama. The bill was the subject of a recent Call for Action by NAR. Passage of HR 3700 will ease FHA condo rules, make transfer fee rules consistentContinue reading “Nation: Senate Passes Important Housing Bill”
Nation: Call for Action Ongoing
The Call for Action on HR 3700 will be active until July 15. CAR’s goal is 20 percent participation per association. As of today, here are the results for our associations: BARA – 5.12 percent FCBR – 18.15 percent GARA – 19.86 percent LAR – 15.46 percent LBAR – 24.04 percent Encourage your REALTOR friendsContinue reading “Nation: Call for Action Ongoing”
IRES MLS: Come Home to Colorado 