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 the Edge Up with NAR newsletter.
NAR provided comments to the FHA on several key issues impacting the industry, including mortgage insurance premium reduction, appraisal, and spot loan requirements.
PPP loans provided a temporary source of income for real estate professionals, including independent contractors and the self-employed.
NAR spoke about priorities and gaps for tenant protections and owner needs, including specifically when it comes to challenges like the pandemic.
Allowing the FHA to modify the mortgages of distressed homeowners to a monthly payment that they can meet with a moderately longer amortization helps to support both homeownership and stability of the market.
On May 26, NAR signed a letter of support for H.R. 3962, the Securing and Enabling Commerce Using Remote and Electronic Notarization Act (SECURE Notarization Act), which allows businesses and consumers to execute critical documents using two-way audiovisual communication.
The White House is releasing a comprehensive plan designed to ease the burden of housing costs by boosting the supply of housing in every community. Check out the details of the plan.
On Wednesday, May 11, 2022, the Senate voted to confirm Julia Gordon as the next Commissioner of the Federal Housing Administration (FHA).
The current Geographic Targeting Order (GTO) is effective beginning April 30, 2022 until October 26, 2022, and includes additional jurisdictions.
HUD announced the establishment of an exclusive 30-day listing period for the sale of foreclosed formerly FHA-insured properties to Owner-Occupant Buyers, Governmental Entities, and HUD-approved nonprofits.
NAR along with staff of local and state associations met with senior staff of Fannie Mae to discuss issues that have arisen from the recently implemented safety and reserving requirements.
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