White House Briefing

Braving the pouring rain and chilly weather, a group of NAR leaders went through rigorous security to go to the Eisenhower Executive Office Building for a White House briefing. President Trump’s Special Assistants from the Office of Economic Policy, Office of Information & Regulatory Affairs, and the Office of Political Affairs gave us a picture of the progress with regards to the Administration’s priorities.

HUD and FHA are looking closely at the state of Reverse Mortgages which is losing 14B, funds that could be made available for regular mortgages. The review of the PACE program is important considering its problematic impact on sales due to its lien position which is currently superior to FHA mortgages. Condo lending to First-Time Homebuyers and Seniors is also in the works as well as the gargantuan task of modernizing HUD’s antiquated technology, a multi-year task.

I was pleased to hear that to date, 22 deregulatory actions have saved $8 billion in regulatory costs shifting inertia of regulatory policies to deregulation thereby alleviating unnecessary burdens on small businesses. The question was asked as to how NAR could help. According to Neomi Rao, Administrator for the Office of Regulatory Affairs, deregulation is hard work. NAR is encouraged to weigh in during the public comments period to help the process. Regulatory reforms improve Rule of Law and remove red tape providing relief to taxpayers.

Veronica Malolos

Veronica Malolos, CRB, is a Commercial Realtor and CCIM Candidate. In 2014, she was mentored and then hired in 2015 by CCIM 2017 Global President, Robin Webb, at NAI Realvest. Her personal notable transactions include land sales for Walmart Neighborhood Market Store, St. Cloud Preparatory Academy, Carrousel Therapy Center, Cameron Preserve (a 200 unit multi-family site), Stevens Crossings Retail Village, Kid City USA, leases for Florida Congressman Darren Soto, Centerstate Automotive Inc. and a repurposed bank sale for St. Cloud Compounding Pharmacy. In her recent past, she was the Managing Broker of the top producing residential Remax office in her market area for four years. In her community of Osceola County, Florida, she is the Chair of the County Planning Commission, and a Trustee for the Osceola County Education Foundation Charter School Board. She is also the President and cofounder of the Community Land Trust of Osceola, Inc. As a REALTOR® of 13 years, she is a leader in her local, state and national REALTOR® Associations. She is also a Graduate and Alumnus of “Leadership Osceola”, and Graduate of both the Florida REALTORS® and National Association of REALTORS®' Leadership Academies. In 2010 she was Presidentof the Osceola County Association of REALTORS® and in 2014 was District 12 Vice President for the State Association, Florida REALTORS®. She believes that real estate practitioners should subscribe to the REALTOR® Code of Ethics and be an active voice for real estate in the community. She is an avid gardener, singer, a Mentor for the Take Stock in Children Program, a proud mother of 5, grandmother of 2 and faithful wife to her husband, Manny.

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