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Congress Extends Flood Insurance Until Nov. 18 – Action Needed
On October 4, Congress extended National Flood Insurance Program (NFIP) authority as part of a broader government funding measure, the Continuing Appropriations Act (H.R. 2608). This latest extension will run through November 18, 2011.
The House and Senate are currently working on legislation that would extend the program for five years and make needed reforms to the program. The House passed its...
Two Important Calls For Action That Affect YOUR Profession – Have You Visited the Realtor Action Center?
It’s an easy address to remember – www.realtoractioncenter.com – and its contents provide you with a wealth of information so that you can increase your involvement in the political process.
The National Association of REALTORS® has issued two very important Calls For Action, and with a couple of clicks of your mouse at www.realtoractioncenter.com, you can make a difference.
Call...
NAR Launches Consumer Call for Action on Proposed 20% Down Payment Requirement
This week, the National Association of REALTORS® (NAR) launched its first consumer Call for Action to six million current or future home owners asking them to support the association’s opposition to the proposed “Qualified Residential Mortgage” regulation that would require a 20% down payment on a purchase of a home.
Consumers (your clients) can visit HomeOwnerActionCenter.com to...
Call for Action: Tell Congress to Reauthorize the National Flood Insurance Program
Right now Congress is debating whether to reauthorize the National Flood Insurance Program (NFIP). It expires on September 30. This is the tenth time in three years this program has been set to expire. It’s time we stop the band-aid approach to flood insurance and give the program a long-term extension. For this reason the National Association of REALTORS® is urging Congress to reauthorize...
NAR Issues Call for Action on Expiring Loan Limits
The National Association of REALTORS® (NAR) is a strong supporter of the single- and multi-family programs administered by the Federal Housing Administration (FHA). The FHA single-family mortgage program has played an important and vital role in the mortgage marketplace. The FHA program has a public purpose obligation to provide mortgage insurance to American families who choose FHA to meet their...
Call for Action: Tell Congress “No” to Down Payment Increase
The National Association of REALTORS® has issued a Call for Action asking REALTORS® to contact their members of Congress and let them know the detrimental effect that a 20% down payment requirement would have on home buyers and the real estate industry.
Background
The Dodd-Frank and Consumer Protection Act of 2010 became law on July 21, 2010. Under the Act, financial institutions that...
Broker Involvement Program 2011
A major component of the REALTOR® Party theme of Vote, Act, Invest, includes the Broker Involvement Program. The success of the Broker Involvement Program has clearly demonstrated that when Broker Owners/Managers alert their agents to key issues, agents listen and take action. NAR’s Broker Involvement Program provides you, the Broker, with a quick and effective tool to rally your agents and send...
Preserve, Protect and Defend the Mortgage Interest Deduction
As REALTORS®, you know there are many advantages to owning a home. One of the biggest benefits comes every April 15, when millions of homeowners deduct the interest on their mortgages. According to tax research firm CCH, the average homeowner deducts more than $10,000 in mortgage interest. For a taxpayer in the 25% tax bracket, that results in a tax savings of $2,500 on the homeowner’s annual...
