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.
National Flood Insurance Program rates are set to rise an average of 6 percent.
The Federal Housing Administration (FHA) announced a proposed rule concerning single-family condominium project approval.
NAR sent a letter to members of Congress, urging them to move forward with legislation which would address several national energy challenges, including energy efficient building codes.
The Center for American Progress (CAP) released a report "Opportunities for Promoting Credit for Affordable Housing in Rural America," as follow-up to a joint White House and U.S.. Department of Agriculture convening facilitated by CAP and involving advocates, academics and other stakeholders, including the National Association of REALTORS®.
The Appraisal Standards Board has issued the September Q&As for the 2016-17 edition of Uniform Standards of Professional Appraisal Practice. The Q&As address using drones in appraisal inspections and Restricted Appraisal Reports concerning multiple parties.
The Federal Housing Administration (FHA) recently published the August 2016 - HUD Handbook 4000.1 Frequently Asked Questions Update (FAQs). The FAQs cover a variety of topics including how to treat income earned by borrowers from state legalized marijuana, unreimbursed business expenses, repossessions and eligibility for borrowers with limited credit histories, among others.
The Department of Housing and Urban Development (HUD) is seeking public comment on ways to revise the fee schedule for the 203(k) Program Consultants. The 203(k) Program enables homebuyers and homeowners to finance the purchase, or refinance of a home and its rehabilitation costs through a single mortgage.
HUD extended their existing temporary guidance on condos, without the changes brought about in HR 3700.
This week NAR submitted comments on Federal Housing Administration's (FHA) changes to the treatment of Property Assessed Clean Energy (PACE) loans.
The U.S. Commerce Department’s National Telecommunications and Information Administration (NTIA) announced that it will launch a multistakeholder process to explore Internet of Things (IOT) security and upgradeability this fall.