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.
On April 14, 2015, the House of Representatives passed H.R. 685, “The Mortgage Choice Act” by a vote of 286-140 with 45 Democrats joining the Republicans.
On March 30, 2015, NAR submitted comments to the CFPB on proposed changes to mortgage rules that were finalized in January of 2013.
The Environmental Protection Agency (EPA) on Monday, April 6 sent to the White House's Office of Management and Budget (OMB) its controversial regulation to redefine the extent of its authority over U.S. water bodies for final review and approval.
The Federal Housing Administration (FHA) is in the process of publishing its Single Family Housing Policy Handbook.
The Basel Committee on Banking Supervision recently published a proposal containing provisions that would be harmful to commercial real estate.
On Thursday, March 26, 2015 The House Financial Services Committee passed H.R. 685, “The Mortgage Choice Act” with bipartisan support after an intense effort by NAR and coalition partners.
On Wednesday, March 25, 2015, the House Judiciary Subcommittee on Courts, Intellectual Property, and the Internet held a hearing entitled “Protecting American Innovators and Job Creators from Abusive Patent Litigation.”
On Wednesday, March 25, 2015, the House Energy and Commerce Subcommittee on Commerce, Manufacturing and Trade approved a discussion draft bill entitled “The Data Security and Breach Notification Act of 2015.”
On March 26, 2015, the Federal Housing Administration (FHA) published Mortgagee Letter 2015-08, Electronic Appraisal Delivery (EAD) Portal for FHA-Insured Single Family Mortgages.
At an open meeting on March 25, 2015, the Securities and Exchange Commission (SEC) approved a proposal that will finalize the bulk of the rulemaking left to the agency to create the Jumpstart Our Business Startups (JOBS) Act of 2012.