An exploding federal debt has forced tax reform into the limelight. In December 2010, a deficit reduction commission offered a variety of models

In a victory for your association, United States District Court Judge Ricardo Martinez denied a National Wildlife Federation (NWF) request for a Preliminary Injunction against the Federal Emergency Management Agency (FEMA) from issuing flood insurance policies.

On May 17 in Washington DC, REALTORS^® from across the country asked Congress to help the recovering real estate economy. Over 13,000 REALTORS^® “rallied for homeownership” in front of the White House. Topics included protecting tax benefits and the future of homeownership, preserving the FHA program, National Flood Insurance and bolstering commercial construction lending. Read about the real estate legislative priorities and talking points (printable pdf).

Click the picture below to read more about rally highlights and NAR's Homeownership Matters campaign. 

In late September the FHA, Fannie Mae and Freddie Mac loan limits were reduced in 42 states pricing potential home buyers out of the American Dream of home ownership and holding back the housing recovery.REALTORS^® immediately went to work with the goal to get the loan limits restored in Congress. For weeks that goal seemed unlikely.

Last night (11-17-11) Congress restored the loan limits for the Federal Housing Administration (FHA) for two years.

A bipartisan trio of U.S. Senators introduced a bill that would require banks and other mortgage lenders to respond to prospective short sale homebuyers within 75 days, expediting the process for underwater homeowners who are struggling to unload their properties.