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.
The Consumer Financial Protection Bureau (CFPB) issued multiple enforcement actions for Real Estate Settlement Procedures Act (RESPA) violations, including two against real estate brokers.
The Trump Administration ordered a freeze on new and pending regulations.
NAR formally weighed in with the House Financial Services Committee on principles released late last year for the reform of the National Flood Insurance Program (NFIP).
The Supreme Court has agreed to take up the dispute over which lower courts have jurisdiction to hear challenges to the Clean Water Rule.
Dr. Ben Carson testified before the Senate Banking Committee as the nominee for the Secretary of the Department of Housing and Urban Development.
The Department of Housing and Urban Development (HUD) proposed to raise its standards for FHA insurance in high risk flood zones. Currently new homes must be built to the 100-year or base flood elevation (BFE) but the agency is proposing to add two feet for floodplain new construction or substantial rehabilitation.
Several Federal agencies (including the Federal Reserve and FDIC) jointly proposed to ease their regulations of private flood insurance.
The Federal Housing Administration (FHA) announced it would reduce FHA annual mortgage insurance premiums (MIP) by 25 basis points.
Supported by NAR, on January 5th the U.S. House of Representatives passed the "Regulations From the Executive in Need of Scrutiny Act," H.R. 26.
The Federal Housing Finance Agency (FHFA) announced the development and implementation of Fannie Mae and Freddie Mac’s new Flex Modification program.