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.
NAR submitted a comment letter to the Appraiser Qualifications Board (AQB) in response to their second exposure draft concerning proposed changes to the AQB's Real Property Appraiser Qualification Criteria.
FHA lowers the owner-occupancy requirement on condominiums from 50 percent to 35 percent, effective immediately.
The upfront guarantee fee for USDA Guaranteed Loans is now 1.0% of the loan amount, a reduction of 1.75% from FY 2016. The annual fee is now 0.35% of the average scheduled unpaid principal balance for the life of the loan, a reduction of 0.15% from FY 2016.
The U.S. Department of Veterans Affairs (VA) has increased the aggregate amounts of assistance available under the Specially Adapted Housing (SAH) grant program by 4.797 percent from FY 2016 levels, in alignment with an increase in the cost of building
NAR sent a letter to the Consumer Financial Protection Bureau (CFPB) commenting on its recent proposed rule amending the Know Before You Owe (KBYO) regulation, or “TRID.”
NAR submitted comments to the Federal Housing Finance Agency (FHFA) on its request for input on credit risk transfer policy issues.
The U.S. Court of Appeals for the D.C. Circuit issued an opinion in the case of PHH v. CFPB.
NAR President Tom Salomone submitted a comment to the Department of Justice (the Department) regarding their May 9, 2016, proposed rulemaking under Title II of the Americans with Disabilities Act (ADA) concerning the accessibility of Web information.
NAR sent a letter to the Department of Housing and Urban Development (HUD) Secretary Julián Castro thanking him for listening to NAR’s concerns and revising the Single Family Housing Policy Handbook 4000.1 (the Handbook) appliance review requirements for FHA appraisals.
A NAR-sponsored webinar on Wildfires and their Impact on Real Estate has been scheduled for Thursday, Oct. 27, 3:00 PM Eastern Time. The purpose of the webinar is to educate Realtors about the dangers of wildfires and how they can help homeowners and their clients protect their property.