NAR sent a letter to members of Congress this week, urging them to move forward with legislation which would address several national energy challenges, including energy efficient building codes.
H.R. 8 includes language that would encourage meaningful energy savings for buildings by ensuring that new model building energy codes are achievable, technology-neutral and cost-effective. The “Blackburn/Schrader” provision also increases transparency, requiring the Department of Energy (DOE) to publish all proposals/analysis, and strengthens DOE’s role as a... Read More
The Appraisal Standards Board has issued the September Q&As for the 2016-17 edition of Uniform Standards of Professional Appraisal Practice. The Q&As address using drones in appraisal inspections and Restricted Appraisal Reports concerning multiple parties. The two main points made are:
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The Center for American Progress (CAP) released a report "Opportunities for Promoting Credit for Affordable Housing in Rural America," as follow-up to a joint White House and U.S.. Department of Agriculture convening facilitated by CAP and involving advocates, academics and other stakeholders, including the National Association of REALTORS®.
The report discusses potential ways in which to improve access to credit for rural housing including:
The Federal Housing Administration (FHA) recently published the August 2016 - HUD Handbook 4000.1 Frequently Asked Questions Update (FAQs). The FAQs cover a variety of topics including how to treat income earned by borrowers from state legalized marijuana, unreimbursed business expenses, repossessions and eligibility for borrowers with limited credit histories, among others.
The Department of Housing and Urban Development (HUD) is seeking public comment on ways to revise the fee schedule for the 203(k) Program Consultants. The 203(k) Program enables homebuyers and homeowners to finance the purchase, or refinance of a home and its rehabilitation costs through a single mortgage.
HUD is specifically seeking information to determine whether 203(k) Consultant fees should: