Nation: CFPB Clarifies TRID

NAR has been actively monitoring the implementation of the “Know Before You Owe” also known as the TILA-RESPA Integrated Disclosure rule by the Consumer Financial Protection Bureau (CFPB). Feedback from REALTORS across the nation highlighted the reluctance of lenders to share the new mandated Closing Disclosure (CD) with real estate professionals. Lenders have been refusingContinue reading “Nation: CFPB Clarifies TRID”

Nation: Feds Announce Changes to PACE Loans

The Federal Housing Administration (FHA) and Department of Veterans Affairs (VA) announced changes to the treatment of Property Assessed Clean Energy (PACE) loans. This new guidance, which goes into effect immediately, states that PACE loans will remain in a subordinated position on most FHA mortgages, in line with long-standing guidance from the Federal Housing FinanceContinue reading “Nation: Feds Announce Changes to PACE Loans”

Colorado: Health Insurance Battle Heating Up

Supporters of Amendment 69, which would create a state-run health insurance program and double Colorado’s state budget, have raised $44,940 so far, according to the Secretary of State’s website. In contrast, Coloradans for Coloradans, the opposition group, has raised $688,141(including a $50,000 donation from CAR). CAR’s Board of Directors voted to oppose the measure inContinue reading “Colorado: Health Insurance Battle Heating Up”

Larimer: US 34 Permanent Repairs Create Angst

CDOT has held a series of public meetings to discuss closures on US 34 between Loveland and Estes Park in order to build the highway into bedrock between mile markers 77 and 80 (Cedar Cove area) so it won’t wash out again and permanently repairing the damage caused by the flood of September 2013. AfterContinue reading “Larimer: US 34 Permanent Repairs Create Angst”

Longmont: REALTORS Oppose Mandatory Composting

Ed Regel, the Chairman of the Board of Directors for the Longmont Association of REALTORS told the City Council that the Association does not support mandatory composting at a study session last week. While incentives to encourage residents to compost are not at all problematic to the Association, the idea that the City could requireContinue reading “Longmont: REALTORS Oppose Mandatory Composting”

Housing Mentioned in President’s Speech

President Barack Obama, in his fifth state of the union speech, touted the “rebounding housing market” as one of the measures of the strengthening economy and asked Congress to reform the mortgage finance system in such a way that would keep home ownership within reach of households without risking another taxpayer-funded mortgage finance crisis. Note:Continue reading “Housing Mentioned in President’s Speech”

Call to Action on Tax Reform

A Call to Action was launched by NAR this week in response to the U.S. Senate’s decision to undertake tax reform. The Senate has adopted a “Blank Slate” approach that initially eliminates every provision in the tax code, including those that encourage real estate ownership and investment. Senators must submit their tax reform priorities toContinue reading “Call to Action on Tax Reform”

Berthoud’s Annual Fee Review Could Lead to Hefty Increases

The Berthoud Board of Trustees conducts a review of building permit fees each year. Recently, a staff proposal created consternation for builders and REALTORS. In 2009 the Trustees waived or deferred a number of fees in an effort to help the local economy. However, Planner Tim Katers said that decision has cost the Town approximatelyContinue reading “Berthoud’s Annual Fee Review Could Lead to Hefty Increases”

COLORADO ASSOCIATION OF REALTORS® Legislative Update

NAR has set its public policy agenda for 2013 after reviewing the results of its member survey. That survey indicated that the mortgage interest deduction (MID), the exclusion on principle residence and property taxes in general were the top issues on Realtors®’ minds. TAX POLICIES: Continued focus on reducing the federal deficit has kept taxContinue reading “COLORADO ASSOCIATION OF REALTORS® Legislative Update”

Colorado Legislative Session Opens Jan. 9

The 2013 legislative session promises to be interesting, observers say, but not necessarily in a good way for business groups such as the REALTORS®. With a new Speaker of the House and a new Senate President, the leadership has changed and REALTOR®-friendly legislators such as Rep. Brian DelGrosso (R-Loveland) lost their seats on powerful committeesContinue reading “Colorado Legislative Session Opens Jan. 9”