In addition to anticipated legislation on the state level to ban private transfer fees, a proposed regulation was issued on August 13, 2010 from the Federal Housing Finance Agency (FHFA). The proposal would prohibit FNMA, Freddie Mac and all federal home loan banks from purchasing mortgages for properties in communities with deed basedGo to Resource
Category: National Legislation
On July 21, 2010, President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act, which, in part extended the current raised FDIC insurance standard of $250,000 until December 31, 2013. The FDIC insures deposits at the nation’s banks and other savings institutions to help promote safety and soundness of such institutions. Go to Resource
On June 18, 2010, the Environmental Protection Agency (EPA) announced that they would not begin enforcing the Renovation, Repair and Painting Rule (RRP Rule) until October 1, 2010. Under the rule, which went into effect on April 22, 2010, contractors performing renovation, repair and painting projects on pre-1978 residential housing or child occupiedGo to Resource
We have received many responses to our July 9, 2010, blog entry on manager credentialing. Of all of the interesting responses we have received, one thread in particular caught our attention. That has to do with CAI mandating manager credentialing and benefiting financially from such a credentialing program. While Altitude Community Law hasGo to Resource
In response to some associations in the United States prohibiting the display of service flags honoring men and women serving in the armed forces, Senator Jim Webb of Virginia introduced the S.3477 in the United States Senate. More commonly referred to as the Blue Star/Gold Star Flag Act of 2010, S.3477 provides thatGo to Resource