Move My Realty - Real Estate News

Call to Action

November 7th, 2007 6:29 AM by Ron Mastrodonato


FHA loans
NAR has two Call-to-Actions issued right now. The first covers FHA loans and a bill that would open them up to more buyers. H.R. 1852 would allow FHA to risk-base price its products; eliminate the 3 percent downpayment requirement for first time homebuyers; increase the number of FHA’s reverse mortgages; streamline the FHA condominium loan program; and increase the FHA loan limits nationwide and in high cost areas. To make your voice heard in Congress, go to:–HR–1852–FHA–Reform/wgub6bgfr8kdx8k

Terrorism insurance
The current authorizing legislation for terrorism risk insurance expires at the end of the year, threatening the strength and stability of commercial real estate markets. H.R. 2761 ensures continued availability of terrorism coverage, increases the availability of nuclear biological chemical radiological (NBCR) event coverage, opens the terrorism coverage market to smaller insurance firms, and eliminates the distinction between foreign and domestic acts of terrorism. To write your lawmakers, go to:–HR–2761/

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Posted by Ron Mastrodonato on November 7th, 2007 6:29 AM


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