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.
Five federal regulatory agencies are issuing a joint notice of proposed rulemaking to amend regulations pertaining to loans secured by property located in special flood hazard areas.
On October 23, four members of the House Judiciary Committee introduced legislation to address the growing problem of patent litigation abuse.
NAR President Thomas testified before the Senate Banking Committee telling Congress to raise the debt limit in a timely manner to avoid financial market disruptions.
Sixty-six Members of the House of Representatives weighed in with FHFA Acting Director DeMarco urging him not to lower the Freddie Mac and Fannie Mae loan limits.
13 Senators last week sent a letter to FHFA Acting Director DeMarco urging him not to lower the Freddie Mac and Fannie Mae loan limits.
On Oct. 1, 2013, The National Association of REALTORS® hosted a Valuation Summit in Washington, DC.
Earlier this past summer, NAR President Gary Thomas appointed a Presidential Advisory Group (PAG) to investigate the impacts that federal legisation passed last year to reform the National Flood Insurance Program (NFIP) will have on the real estate industry and property owners.
On September 27th, FHA announced that it would take a $1.7 billion draw from the Treasury to meet their 30-year reserve requirement.
The Department of Housing and Urban Development (HUD) will delay its proposal to prevent dual agency agreements in FHA pre-foreclosure transactions.
On Thursday, September 26, the House of Representatives passed H.R. 2600, the “Interstate Land Sales Disclosure Act of 2013,” sponsored by Rep. Carolyn Maloney (D-NY), by a vote of 410-0.