Gov't Affairs, Govt - Nation, Govt - Northeastern Colorado

Nation: NAR Testifies on VA Appraisals

On April 4, Michelle Bradley, the 2016 NAR Real Property Valuation Committee Chair, testified before the House Committee on Veterans' Affairs – Economic Opportunity Subcommittee at a hearing entitled “Assessing VA Approved Appraisers and How to Improve the Program for the 21st Century.” In the past year, the Department of Veterans Affairs (VA) Home Loan… Continue reading Nation: NAR Testifies on VA Appraisals

Gov't Affairs, Govt - Nation

Nation: Why Home Ownership Matters

According to a study funded by the National Association of REALTORS® the for-sale housing industry is a key component of the gross domestic product (GDP), and an important driver for the overall economy. Since 1959, total housing-related spending, including both owners and renters, accounted for an annual average of 18.9 percent of GDP, and an… Continue reading Nation: Why Home Ownership Matters

Gov't Affairs, Govt - Nation, Govt - National Assoc. of Realtors® (NAR)

Nation: NAR Endorses Carson

On Thursday, January 12th, Dr. Ben Carson testified before the Senate Banking Committee as the nominee for the Secretary of the Department of Housing and Urban Development. During the hearing, Dr. Carson defended the critical role of the FHA mortgage insurance program. He also spoke about the importance of the American Dream of homeownership. Following… Continue reading Nation: NAR Endorses Carson

Gov't Affairs, Govt - County Larimer, Govt Fort Collins

Fort Collins: Occupancy Ordinance Study Funding Postponed

The Fort Collins Board of REALTORS® (FCBR), Colorado State University and the Associated Students at Colorado State University (ASCSU) were no doubt disappointed with the City Council’s decision to narrow the scope of a study to investigate the impact of the U+2 ordinance and possible unintended consequences. FCBR asserts the ordinance impacts housing affordability. The… Continue reading Fort Collins: Occupancy Ordinance Study Funding Postponed

Gov't Affairs, Govt - Nation

Nation: HUD Proposes Condo Rule

When H.R. 3700, the “Housing Opportunity Through Modernization Act,” was signed into law earlier this year, the Department of Housing and Urban Development was given notice that they had 90 days to weigh in on regulations related to Federal Housing Administration financing for condominiums before changes automatically went into effect. These included rules regarding owner-occupancy… Continue reading Nation: HUD Proposes Condo Rule

Gov't Affairs, Govt - County Larimer, Govt Loveland

Loveland: LBAR Supports School Ballot Measures

Following the recommendation of the Government Affairs Committee, LBAR’s Board of Directors voted to support Thompson School District’s mill levy override (MLO) and bond measures. Ballot question 3D will ask voters to approve a MLO of 7.15 mills for residential properties to make salaries and compensation more competitive with neighboring districts, replace textbooks and purchase… Continue reading Loveland: LBAR Supports School Ballot Measures

Gov't Affairs, Govt - State of Colorado

Colorado: Appraisal Delays Impacting Closings

Lately there have been more complaints about appraisals. Not only are late appraisals delaying closings but some appraisers are charging “expedition fees” to get appraisals done in time. Typically, the fee ranges from $200 to about $500. This feels like extortion to buyers and upsets Realtors who see such fees as unethical. The National Association… Continue reading Colorado: Appraisal Delays Impacting Closings

Gov't Affairs, Govt - National Assoc. of Realtors® (NAR)

FHA Announces Reduction in Mortgage Insurance Premiums

In January President Obama announced that the Federal Housing Administration (FHA) would reduce FHA annual mortgage insurance premiums (MIP) by 50 basis points.  This reduction is a victory for the National Association of REALTORS whose members have called for lower fees on FHA loans since early 2014. NAR raised concerns about the costly premiums to… Continue reading FHA Announces Reduction in Mortgage Insurance Premiums

Gov't Affairs

HUD Proposes Elimination of FHA Post-Payment Interest

On March 13, 2014, the Department of Housing and Urban Development (HUD) issued a proposed rule to eliminate Federal Housing Administration (FHA) post-payment interest charges. The policy change would prohibit mortgagees from charging borrowers interest on home mortgages for days or weeks after a principal balance pay-off. The proposed rule will align HUD policy with… Continue reading HUD Proposes Elimination of FHA Post-Payment Interest

Gov't Affairs, Govt - County Larimer, Govt - National Assoc. of Realtors® (NAR), Govt - Northeastern Colorado, Govt - State of Colorado, Govt Loveland, Uncategorized

Fact Check- Special City Council Election, Ward IV

Much has been made of the decision by the Loveland-Berthoud Association of REALTORS® decision to support Dave Clark by Paul Mueller and his supporters. LBAR is not attempting to “buy” Dave. The goal is to elect a City Council member who supports the real estate industry. Allegations that Dave knew about or was somehow involved… Continue reading Fact Check- Special City Council Election, Ward IV