The Washington Report covers legislative and regulatory policy activities, and is compiled by NAR's Government Affairs policy staff. To receive this content via email, subscribe to NAR's Weekly Report newsletter and check the "legislative & regulatory issues" box.
President Trump signed an Executive Order that begins to unwind the Obama administration's controversial Clean Water Rule.
The U.S. Department of Housing and Urban Development (HUD) - Office of Inspector General (OIG) recently became aware of a number of instances of appraiser identity theft. The fraudulent schemes varied, but stemmed from someone using the state certification number of a Federal Housing Administration (FHA) roster appraiser. In many cases, the harm was made possible when an FHA roster appraiser provided his or her personal identification number (PIN) for the desktop appraisal software to a colleague or supervisor. The FHA roster appraiser was unaware of the misuse until it came to light, usually by accident. The OIG has released a Fraud Alert that outlines the specific cases and provides a list of Do's and Don'ts for preventing and handling instances of appraiser identity theft.
The Digital Millennium Copyright Act ("DMCA") of 1998 endeavors to balance the interests of internet service providers and copyright owners when copyright infringement occurs in the digital environment.
The Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of Treasury is again extending the Global Targeting Orders (GTOs) that impose data collection and reporting requirements on title companies involved in certain high-end real estate transactions.
The U.S. Court of Appeals for the D.C. Circuit granted the Consumer Financial Protection Bureau’s (CFPB) petition for rehearing by the full bench of the D.C. Circuit.
The White House has released "Interim Guidance" on President Trump's Executive Order (EO) that requires agencies to remove two rules for every new one they publish. The Interim Guidance fleshes out how the Office of Management and Budget will implement and monitor the EO.
USDA Rural Development has posted the names and contact information for the Acting Directors of the USDA Rural Development State Offices. The Acting Directors will serve until the Trump Administration's political appointments for these positions are made.
The United States Supreme Court has agreed to hear oral argument in an important property rights case, Murr v. State of Wisconsin, on March 20, 2017.
On Jan. 30, 2017, NAR sent a letter to Department of Housing and Urban Development Secretary Designee Ben Carson asking the Federal Housing Administration (FHA) to reinstate the 25 basis point reduction of the annual mortgage insurance premiums that would have applied to mortgages with a closing or disbursement date of Jan. 27, 2017 and to eliminate the life of loan insurance premium.
On January 30, President Trump signed an Executive Order (EO) that combines two regulatory reform measures: a regulatory "one-in, two-out" approach with a regulatory “budget”.