legislative-updates-banner
  • Understanding RESPA/TILA Changes

    Summary:

    RESPA/TILA changes, including the elimination of the Good Faith Estimate (GFE) and the Truth In Lending Act (TILA) disclosure form, take effect August 1st, 2015. To address questions and concerns regarding the changes, the National Association of REALTORS has created some resources for REALTORS.

  • Realtors® Applaud FAA’s Proposed Rule to Allow Commercial Drone Use for Real Estate

    Summary:

    WASHINGTON (February 15, 2015) - National Association of Realtors® President Chris Polychron, executive broker with 1st Choice Realty in Hot Springs, Arkansas, issued the following statement about new proposed rules for unmanned aircraft systems issued today by the Federal Aviation Administration:

  • FHA's new premium reduction goes into effect today...

    Summary:

    Today, the FHA’s 50 basis point mortgage insurance premium reduction goes into effect. FHA expects a high volume of case number assignments beginning today, so lenders may experience slower than normal processing times.

  • State Treasurer scheduled to give budget update to hundreds of Realtors

    Summary:

    Washington State Treasurer, Jim McIntire will provide an update on the McCleary decision and his perspective on the budget debate and why it matters to our state’s fiscal health, economy and to the financial markets to a large gathering of the Washington Association of REALTORS®, Thursday, January 22, at the Red Lion Hotel in Olympia.

  • Good News from the Capitol

    Summary:

    The Senate passed H.R. 26, the Terrorism Risk Insurance Program Reauthorization Act of 2015, by a vote of 93-4 today. This bill passed the House yesterday (by a vote of 416-5), and will now be sent to the President for signature into law.

  • Realtors® Applaud Final Passage of Legislation to Extend Key Real Estate Tax Provisions

    Summary:

    The Senate closed the 113th Congress last night by passing the tax extenders legislation but not extending the Terrorism Risk Insurance Program(TRIA). Below are NAR press releases addressing the tax extenders and TRIA:

  • Updates from the Hill

    Summary:

    Updates from the final days of the 113th Congress. The Senate remains in session to vote....

  • Call for Action

    Summary:

    Urge the Senate to Extend Mortgage Debt Forgiveness Tax Relief

  • House Passes Mortgage Debt Forgiveness Tax Relief

    Summary:

    Last night the United States House of Representatives, extended the income tax exemption on mortgage debt forgiven in a short sale or a workout for principal residences. The bill containing the income tax exemption on forgiven mortgage debt and other expired tax provisions passed by a vote of 378 to 46.

  • Qualified Residential Mortgage Victory!

    Summary:

    Qualified Residential Mortgages will not require lenders to retain 5 percent of the credit risk. This will provide creditworthy buyers with access to safe and affordable loans without heavy down payment requirements.

purple-rectangle invest2

INVEST IN RPAC

Invest here today! Have questions? Email Melissa Purvines or call at 360.943.3100 x 123.