MAR SB 850 Testimony
MAR's testimony for SB 850, prohibiting the use of eminent domain to seize performing, underwater mortgages which would destabilize a slowly improving housing and financial market which is essential for a strong, economic recovery in Maryland.
Flood Insurance Update
Late Tuesday (March 4), the House passed HR 3370 by a vote of 306-91. This legislation is an amended version of the flood insurance bill the Senate passed last month. The Senate will need to approve the House version
before the bill becomes a law. NAR continues to support this legislation. To see how your Member of Congress voted...
Realtors® Oppose Federal Tax Plan to Limit Mortgage Interest Deduction
Earlier this week, House of Representatives Ways and Means Committee Chairman Dave Camp (R-MI) released his long-awaited plan to reform the federal tax system. NAR president Steve Brown expressed the association’s strong opposition and extreme disappointment in a statement released shortly after the proposal was unveiled...
FEMA Delays Provision Regarding NFIP "Grandfathering" to 2015
On February 5, 2014, the Federal Emergency Management Agency (FEMA) released guidance
related to flood insurance and delaying the grandfather provision, Section 207 of Biggert-Waters Reform Act, passed in 2012 (BW12).
Maryland Sustainable Growth Challenge Student Competition
As recipients of an NAR Smart Growth Action Grant, MAR -- along with the Howard County Association of REALTORS -- is proud to support the Maryland 2014 Sustainable Growth Challenge, Student Competition Awards Ceremony
. MAR's President Russ Boyce will help preside in the Awards Presentation Ceremony on February 5 in Annapolis.
FHA Loan Limits Appeals Extended
On December 20th, at NAR's and other industry groups request, the Federal Housing Administration
(FHA) announced a 25-day extension for communities who wish to request a change
to high cost area loan limits. The new deadline for appeals is January 31st,
which allows communities more time to present data to HUD for a possible
reevaluation of loan limits for a particular area.
October Stats Confirm Stable Home Sales Market
October data released by MAR reveals continued strength in Maryland’s real estate market. The number of homes sold in October increased a robust 18.9 percent from the same time period in 2012. Review more from MAR’s October Press Release.
REALTORS® Applaud Bipartisan Legislation to Delay Flood Insurance Rate Increases
National Association of Realtors® President Gary Thomas applauds the bipartisan ‘Homeowner Flood Insurance Affordability Act’ introduced today in the Senate, citing "help for millions of homeowners facing extreme increases in flood insurance premiums..."
MAR Comments on Re-Proposed QRM Regulation
Read MAR’s comment letter from President Russ Boyce on the Re-Proposed QRM/Risk Retention Regulation, citing better protections for both investors and borrowers without the explicit
down payment requirement.
NAR Urges Delay of NFIP (Flood) Premiums, Seeks Emergency Summit
NAR is asking FEMA to delay implementation of premium increases until the Affordability Study mandated by BW12 is completed and reviewed by Congress; NAR is also calling for a National Implementation Summit.