Washington Report

Advocacy Updates from Washington D.C.

The Washington Report covers legislative and regulatory policy activities, and is compiled by NAR's Advocacy Group policy staff. To receive this content via email, subscribe to NAR's Member's Edge newsletter and check the "legislative & regulatory issues" box.

Moe Veissi, the 2012 President of the National Association of Realtors, sent a letter to Shaun Donovan, Secretary of Housing and Urban Development (HUD) requesting that investors be permitted to participate in the Federal Housing Administration’s (FHA) Section 203(k) Rehabilitation Mortgage Insurance Program to purchase vacant and foreclosed properties in need of significant rehabilitation.

In this issue: FHA Extends Anti-Flipping Waiver through 2012; Housing Taxed to Pay-for Extension of Existing Tax, Medicare, and Unemployment Benefits.

In this issue: Limited Time to Appeal FHA Loan Limits; NAR Supports Bill for Homeless Children; NAR Supports Making Investor Visa Regional Center Program Permanent; NAR Signs onto Accounting Coalition Letter; House Subcommittee Passes RESPA Home Warranty Clarification Act; Rural Development Announces Fee Changes for Refinance Mortgages.

NAR President Moe Veissi testified before the House Financial Services Committee on the important role of FHA in the marketplace and the FHFA released a summary of the responses received to the Request for Information on enhancing Fannie Mae, Freddie Mac, and the Federal Housing Administration’s REO asset disposition strategies announced August 10, 2011.

In this issue: NAR and Other Organizations Support Bill to Level Playing Field for Community Businesses; Bank of America Releases Short Sale Videos.

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