Understanding the CAPITAL GAINS TAX

Summary:

As part of the 2017 Budget Proposal, Governor Inslee proposed a new 7.9% tax on capital gains income, similar to proposals in the Washington Legislature during the 2015 Session. While supporters of a capital gains income tax assert that it would apply only to assets that don’t currently generate any tax revenue for Washington State, or would impact only the “1%,” the reality is much different. Real estate and small businesses generate substantial tax revenues for Washington State and local government both during ownership and at sale.

NAR Post-election Webinar

Summary:

Did you miss the post-election webinar from NAR? Watch it here...

CFPB clarifies rule to allow lenders to share closing disclosure

Summary:

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).

Call for Action! Tell U.S. Senate to pass H.R. 3700

Summary:

H.R. 3700 passed the U.S. House 427-0 with NO OBJECTIONS, but has failed to come up for a vote in the U.S. Senate.

FHA Fund Achieves 2 Percent Capital Reserve Requirement

Summary:

Realtors® Applaud Success, Call for Further FHA Policy Changes to Bolster Homeownership

FHA EASES CONDOMINIUM PROJECT APPROVAL REQUIREMENTS

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What's a G-Fee?

Summary:

You may have seen NAR's Call to Action hit your inbox yesterday asking you to take action regarding a proposal using g-fees to fund transportation programs. Here is a little clarification on what exactly a g-fee is and NAR's position on why it's important to not use g-fees to fund transportation...

Call for Action!

Summary:

Congress is considering a proposal that would create a tax on all potential homeowners and consumers looking to purchase or refinance a mortgage.

SBA Administrator Contreras-Sweet, Realtors® Chief Economist Yun Put Commercial Lending in Focus

Summary:

U.S. Small Business Administrator Maria Contreras-Sweet today joined National Association of Realtors® Chief Economist Lawrence Yun at an event highlighting small business issues and commercial real estate.

Cordray comes out swinging in NAR speech, says TRID 'misinformation' being spread...

Summary:

Richard Cordray, the Director of the Consumer Financial Protection Bureau (CFPB) spoke last week at the National Association of Realtors, where he praised the role Realtors play in the homebuying process. Cordray also took the time to address the newest of the bureau’s mortgage reform rules: the TILA-RESPA Integrated Disclosure (TRID) rule or, the name the CFPB prefers, The Know Before You Owe Initiative.