Washington Report

Advocacy Updates from Washington D.C.

NAR Comments on FHFA's 2022-2024 Strategic Plan

NAR submitted its response to the Federal Housing Finance Agency's (FHFA) proposed strategic plan for 2022-2024.

In the letter, NAR thanks the FHFA for:

  • Improving the capital rule;
  • Balancing pricing towards consumers, but asks them to revisit the pricing change for 2nd homes and buyers in high-cost areas;
  • Proposing to work on fair lending and equity, and
  • Improving transparency and accountability at the GSEs.

However, NAR urges them to do more on:

  • Lowering the overall capital level in the capital rule;
  • Moving Government-Sponsored Enterprises (GSEs) reform forward by exploring a government backstop and building a regulatory approach to monitoring investor returns and enforcing market utility behavior.

NAR's Letter to the FHFA