The Washington Report covers legislative and regulatory policy activities, and is compiled by NAR's Advocacy Group policy staff. To receive this content via email, subscribe to NAR's Member's Edge newsletter.
The President is expected to sign H.R. 299, the "Blue Water Navy Vietnam Veterans Act." This legislation includes language which will eliminate the cap on the VA home loan guarantee.
The U.S. Department of Agriculture (USDA) Rural Housing Service will begin to assess and collect a one-time $25 technology fee from lenders on each closed loan in the Section 502 single family guaranteed loan program.
By a unanimous vote of 59 to 0, the House Financial Services Committee approved HR 3167: the National Flood Insurance Program (NFIP) Reauthorization Act, sending the bill to the U.S. House of Representatives for consideration.
On June 6, 2019, the National Flood Insurance Program was extended to September 30, 2019.
Two bills were introduced in the House that would provide for reductions in the fees borrowers pay on FHA-insured mortgages.
NAR, in conjunction with a coalition of real estate groups, submitted comments to the Federal Communications Commission (FCC) this week on a proposal to expand 5g deployment.
Comments on the North Dakota's request for a waiver of appraiser credentialing requirements must be received by the Appraisal Subcommittee (ASC) of the Federal Financial Institutions Examination Council (FFIEC) on or before July 1, 2019.
As of May 16, 2019, the Department of Veteran's Affairs will require that the ordering of an appraisal related to the VA Home Loan program must have the Certificate of Eligibility (COE) be in "Active or Pending" status.
The Financial Crimes Enforcement Network (FinCEN) has renewed the Geographic Targeting Orders (GTOs) that impose data collection and reporting requirements on title companies involved in certain residential real estate transactions, effective May 16, 2019, through November 11, 2019.
The House Financial Services Committee held a full committee markup and considered legislation aimed at combating money laundering and strengthening laws to better help law enforcement get to individuals who are engaging in illicit financial crimes.