SB 850 Prevails within Minutes of Sine Die at Midnight
SB 850, protects the housing and financial markets from an investor scheme that attempts to use state and local governments' condemnation
authority -- also know as eminent domain -- from seizing performing, underwater mortgages or deeds of trust. This bill passed within minutes of Sine Die at Midnight...
The Long Awaited Dog-Bite Bill Passes both Houses
After three attempts to reach a consensus regarding Maryland's controversial dog-bite law, Maryland's 2014 Dog-Bite Bill (SB247/HB73), has passed both the House and the Senate and will be sent to the Governor for signature.
Mortgage Forgiveness Tax Relief Act -DC Print Ad
In anticipation of the Senate Finance Committee markup of the Mortgage Forgiveness Tax Relief Act on Thursday, April 3, NAR is sponsoring a DC print ad that will appear in select editions of Roll Call, Politico, The Hill, and NJ Daily publications on Wednesday and Thursday.
BREAKING NEWS: Senate Passes Flood Insurance
On March 13, 2014, the United States Senate voted 72-22 to approve the Homeowner Flood Insurance Affordability Act (H.R. 3370). The Senate acted quickly to pass the bill as amended by the House to avoid the need for a conference committee to reconcile any differences.
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.
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.