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 President Chris Polychron sent a letter to the Federal Housing Administration (FHA) in support of its supplemental lender performance metric.
FHA has released a new section of its Handbook for comment related to claims calculation and submission guidance as well as property disposition for FHA-insured Single-Family Mortgages.
The Consumer Financial Protection Bureau (CFPB) released a new online toolkit to help real estate professionals understand the new TILA-RESPA Integrated Disclosure (TRID) rule and how to explain those changes to their clients.
The Rural Housing Service (RHS) has available funds in its Section 502 Direct Loan Program that must be used by September 30, 2015.
NAR President Chris Polychron submitted comments regarding changes to the national loan limit price index in response to a Federal Housing Finance Agency (FHFA) request.
In a public forum attended by representatives of NAR on August 5, the Consumer Financial Protection Bureau (CFPB) heralded e-Closings as a significant step forward to enhance the closing process for both consumers and the mortgage industry.
The EPA finalized its Clean Power Plan regulation that would reduce carbon dioxide emissions from power plants. Under the final rule, EPA would require states to meet CO2 emission targets.
On July 30, 2015, the U.S. Senate passed a short-term highway and transit bill, which extends authority through October 29, 2015, but replenishes the Highway Trust Fund into December 2015.
On July 29, 2015, the U.S. House Financial Services Committee passed H.R. 3192 (Rep. Hill, R-AR), which would delay the Consumer Financial Protection Bureau’s (CFPB) enforcement of the new Truth in Lending Act and the Real Estate Settlement Procedures Act (TILA-RESPA) integrated disclosure rule.
NAR joined more than 1,500 national, state and local organizations and municipalities in a letter to Congressional leaders urging increased funding for the HOME Investment Partnerships Program (HOME) program. Using a formula, the Department of Housing and Urban Development (HUD) distributes HOME grants states and local communities to fund a wide range of affordable housing activities....