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 September 9, 2014, the House voted 262-152 to pass HR 5078, the ‘Waters of the U.S.’ Regulatory Overreach Protection Act by Reps. Steve Southerland (R-FL) and Nick Rahall (D-WV). The Environmental Protection Agency has proposed to redefine most water bodies as so-called “waters of the U.S.” where it may regulate land use on private property. However, this...
Many states have experienced delayed processing times for the Single Family Rural Housing Direct and Guaranteed Loan Programs.
In Feb. 2014, President Obama signed H.R. 2642, the Agricultural Act of 2014 (the Farm Bill), to protect more than 900 communities that were at risk of losing access to federal rural housing programs.
NAR has been working with the U.S. Environmental Protection Agency (EPA) to help guide the agency’s efforts to identify lead paint hazards in remodeling activities in commercial buildings.
FEMA has updated THE manual which insurance companies use to write flood insurance policies. The comprehensive manual provides answers to just about any question a REALTOR® or REALTOR® Association staffer may have regarding flood insurance, ranging from how condos are treated to rate tables as revised by the Homeowner Flood Insurance Affordability Act enacted earlier this year....
On August 26, 2014, the Federal Housing Administration (FHA) issued its final rule to eliminate post-payment interest charges on FHA-insured single family mortgages.
On August 15, 2014,The Federal Housing Finance Agency (FHFA) released a Request for Input on its Strategic Plan for 2015-2019
FEMA has announced a redesign of their Map Service Center (MSC).
On Aug. 8, 2014, NAR President Steve Brown provided comments to the U.S. Department of Treasury in response to a request for Public Input on Development of Responsible Private Label Securities (PLS) Market.
On Aug. 12, 2014, the Consumer Financial Protection Bureau (CFPB) announced a consent agreement and $19.3 million in fines under the Real Estate Settlement Procedures Act (RESPA) and other laws with Amerisave Mortgage Corporation, its affiliate, Novo Appraisal Management Company, and the owner of both companies, Patrick Markert.