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.
The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (collectively "the Agencies") released a proposed rule that would increase the current threshold for residential real estate transactions requiring an appraisal to $400,000.
NAR sent a letter to the Office of the Comptroller of the Currency (OCC) in response to the agency’s advanced notice of proposed rulemaking (ANPR) that requested input on whether changes and/or updates are needed to the Community Reinvestment Act (CRA).
NAR legislative staff met with House Financial Services Committee Chairman Jeb Hensarling (R-TX) to discuss his recent housing finance reform discussion draft called the “Bipartisan Housing Finance Reform Act of 2018,” which is cosponsored by Rep. John Delaney (D-MD).
NAR along with 20 other housing and financial organizations sent a letter to Senate Leaders urging for the confirmation of Kathy Kraninger as the next Director of the Bureau of Consumer Financial Protection (BCFP).
NAR submitted a letter to the Federal Housing Finance Agency (FHFA) in response to the agency’s request for input (RFI) on its proposed capital framework for Fannie Mae and Freddie Mac (the GSEs or Enterprises).
The Bureau of Consumer Financial Protection (BCFP) hosted the first of several industry meetings examining the Ability-to-Repay/Qualified Mortgage Rule (ATR/QM) in anticipation of their five-year assessment of the rule, due in early 2019.
The Financial Crimes Enforcement Network (FinCEN), one of the U.S. Treasury’s leading agencies in the fight against money laundering and financing of terrorism, has renewed the Geographic Targeting Orders (GTOs) that impose data collection and reporting requirements on title companies involved in certain residential real estate transactions, effective November 17, 2018, through May 15, 2019.
The Federal Housing Administration (FHA) released its Annual Report to Congress on the financial health of the FHA Mutual Mortgage Insurance Fund for Fiscal Year (FY) 2018.
NAR participated in the 2018 Kemp Leadership Award Dinner in Washington, DC, hosted by the Jack Kemp Foundation. The recipient of the award was Sean Parker, for his work and leadership on the Qualified Opportunity Zone program.
HUD is extending the comment period on HUD's advance notice of proposed rulemaking on possible amendments to Affirmatively Furthering Fair Housing (AFFH) regulations.