Category Archives: Federal

FHA HAWK Program a Good Start but Needs to Go Further, Say Realtors® Media Contact: Sara Wiskerchen / 202-383-1013 / Email WASHINGTON (June 30, 2014) – In a letter sent today to the U.S. Department of Housing and Urban Development, the National Association of Realtors® offered support for the Federal Housing Administration’s efforts to reduce mortgageContinue reading “FHA HAWK Program – news release from the National Asssociation of REALTORS®”

May 12 – 17 Washington, D.C. FRAR members in attendance: Jimmy Townsend, James Sherrill, Swayn Hamlet, Queen Wheeler, Zan Monroe, Jane Cannon, Debbie McFayden, Angie Hedgepeth ________________________________________________________________________________________________ Congressional Actions and the 2014 Midterm Election:  Federal Legislative & Political Forum Two political strategist in the country, David Plouffe and Steve Schmidt provided perspectives on the issuesContinue reading “2014 NAR REALTOR Party Convention”

The following information is from the National Association of REALTORS®   Effective May 1, 2014, all buyers of older properties (“pre-FIRM”) will see a premium rate reduction under the Homeowner Flood Insurance Affordability Act of 2014.  Instead of jumping to “full cost” for flood insurance, buyers will assume the seller’s Oct-2013 rate for a pre-FIRMContinue reading “National Flood Insurance Rules Begin May 1”

On Friday, March 21, President Obama signed into law the new flood insurance bill, the “Homeowner Insurance Affordability Act.”   Details: grandfathering provision – homes that were complying with previous flood maps will not see large increases when new maps show a greater risk of flooding no individual policyholder would pay an increase of more thanContinue reading “President Signs Flood Insurance Bill”