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Government Affairs

Government Affairs

Government Affairs is the voice of the REALTORS® in local government. Our goal is to protect the REALTORS® of San Mateo County from ordinances, rules and regulations that would be a hindrance to the success of their businesses.  Government Affairs also works to advance one of SAMCAR's primary objectives: the preservation of private property rights throughout San Mateo County.

The Government Affairs staff informs and advises the Board of Directors and SAMCAR's Legislative Committees regarding pertinent land use and zoning policies, state and federal legislation, and local political issues. In conjunction with SAMCAR REALTORS®, the Government Affairs staff executes the legislative and political directives of the Board of Directors.

Government Affairs serves as a liaison between SAMCAR and the California Association of REALTORS® and the National Association of REALTORS®, and assists with member mobilization for state and federal issues of importance to the real estate industry.


Government Affairs Director

850 Woodside Way, San Mateo CA 94401 (map)
(650) 696-8200
 
 

FHFA Allows REO Properties to be Purchased at Market Value
The FHFA has directed Fannie Mae and Freddie Mac to allow qualified buyers to purchase Fannie Mae and Freddie Mac REO properties at current market value.
VA Loan Limits May Be Reduced for 2015
The 2015 VA loan limits have been released and there will be a new cap at $625,500 unless the law changes.
SAMCAR Assembly Members Appointed to Major Post, Committees
Assemblyman Kevin Mullin was recently sworn in as Speaker pro Tempore of the California State Assembly. Assemblyman Richard S. Gordon was appointed to serve as the Chair of the Rules Committee. Assemblyman Phil Ting received the nod to head the Revenue and Taxation Committee. Congratulations to all.
FHA Flipping Waiver Expires
FHA will not extend the temporary waiver of FHA's regulation that prohibits the use of FHA financing to purchase single family properties that are being resold within 90 days of the previous acquisition.
Fannie & Freddie Suspend Foreclosures; Loan Defaults Plunge
Fannie Mae and Freddie Mac announced they plan to suspend evictions on foreclosed single-family properties nationwide during the holidays, from December 17, 2014 through January 2, 2015. In a related note, the nationwide mortgage loan delinquency rate—the number of borrowers 60 or more days past due on their mortgage—is projected to drop to 3.12 percent by the end of this year according to TransUnion.
Fannie Mae Streamlines Condo Approvals
Fannie Mae has published an update to its lender selling guide to improve and streamline its condominium project approval process. Full details are available in Fannie Mae Seller/Servicer guide.
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