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 March 2, 2015, The Federal Housing Finance Agency enhanced requirements for sales of non-performing loans by Freddie Mac and Fannie Mae (the GSEs).
Representative Nydia Velazquez has introduced H.R. 480, “Housing America’s Workforce Act”.
The Rural Housing Service wants to help low- and very low-income applicants who do not qualify for the Section 502 Guaranteed Loan Program by advising them about the Section 502 Direct Loan Program.
Wording in the Dodd/Frank regulations have been used to require manufactured housing producers to register as mortgage brokers.
On Feb. 26, 2015, the Federal Communications Commission (FCC) approved new "net neutrality" rules, which gives the Commission strong legal authority to regulate broadband providers more heavily than in the past and restrict their power to control download speeds on the web.
On Feb. 26, 2015, the U.S. House Subcommittee on Commerce, Manufacturing and Trade held a hearing titled “Update: Patent Demand Letter Practices and Solutions.” Vince Malta, NAR’s 2015 Liaison for Law and Policy, testified on behalf of NAR and the United for Patent Reform Coalition, a diverse group of American businesses committed to curbing patent abuses.
The FAA has begun the rule making process to address the commercial use of unmanned aerial vehicles, otherwise known as drones.
The White House recently issued an Executive Order 13690, requiring that any new construction or development in, and affecting floodplains funded by the federal government, will be required to meet the level of resilience established in the Federal Flood Risk Management Standard (FFRMS).
On Thursday February 19, 2015, NAR hosted a webinar on marketing and services agreements (MSAs) and other agreements under the Real Estate Settlement Procedures Act (RESPA).
HUD Secretary Julian Castro was the witness at a hearing before the House Financial Services Committee entitled, “The Future of Housing in America: Oversight of the Federal Housing Administration”.