Washington Report

Advocacy Updates from Washington D.C.

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.

Recent

In an effort to combat money laundering in the real estate sector, the Financial Crimes Enforcement Network (FinCEN) at the Treasury Department issued a Geographic Targeting Order (GTO) that will temporarily require certain U.S. title insurance companies to identify the natural persons behind companies used to pay “all cash” for high-end residential real estate in Manhattan and Miami-Dade County.

The Wildland-Urban Interface (aka, the WUI), which contains 46 million single family homes, several hundred thousands of businesses and a population of more than 120 million and growing, is at a higher risk from wildfires.

On Dec. 9, 2015, the Federal Housing Administration (FHA) released its 2016 Loan Limits.  FHA's calculation for maximum loan limits in high cost metropolitan areas of the country will remain at the 2015 level of $625,500. The standard loan limit for lower cost metropolitan areas will remain unchanged at $271,050.

Loan limits increased in 188 counties with no counties facing a...

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