Colorado Senator Sponsors Bill to Help Consumers Who Select More Efficient Homes

Senators Michael Bennet and Johnny Isakson (GA) have reintroduced a bill — Sensible Accounting to Value Energy Act (the SAVE Act) — that requires lenders to take a home’s energy savings into account when considering a loan applicant’s eligibility for federally backed mortgages. The bill enjoys support from a wide coalition of supporters ranging fromContinue reading “Colorado Senator Sponsors Bill to Help Consumers Who Select More Efficient Homes”

Colorado Senator Sponsors SAVE Act

Senators Michael Bennet (D-CO) and Johnny Isakson (R-GA) reintroduced the SAVE Act earlier this month. The bill gained support from the National Association of Realtors and National Association of Home Builders, who helped to shape this revised bill. The SAVE Act would improve federal mortgage underwriting by including a home’s expected energy cost savings whenContinue reading “Colorado Senator Sponsors SAVE Act”

NAR Says Comprehensive Mortgage Reform Unlikely This Year

NAR analyst Tony Hutchinson says more than 19 bills have been introduced that relate to mortgage reform. Even so, NAR doesn’t believe anything significant will happen because it’s an election year. Four bills have been introduced that would take a comprehensive approach to reform, including a bill by Rep. Gary Miller (R-Calif.) that very closelyContinue reading “NAR Says Comprehensive Mortgage Reform Unlikely This Year”