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 the Edge Up with NAR newsletter.
In May 2023, the Supreme Court issued two favorable decisions upholding private property rights.
Issues this coming week: Budget Committee hearing, advances in AI technology, and the reliability/resiliency of electric service in the U.S.
Issues this coming week: examining the implications of Biden’s student loan policies for students and taxpayers; FHFA oversight: protecting homeowners and taxpayers.
NAR urges against a broad decision that could cause major disruption of the nation’s housing and real estate markets in order to protect consumers and the broader economy.
The proposed loan level pricing adjustment (LLPA), an upfront fee, had been announced on January 19, 2023 and slated for implementation on May 1. Its implementation was then delayed to August 1, but will no longer be implemented.
NAR wrote the Federal Housing Finance Agency (FHFA) regarding its request for input (RFI) on social bonds. Check out NAR's position on this issue.
NAR urges the Federal Housing Finance Agency (FHFA) to encourage competition, transparency, responsibility, and accountability among the valuation counterparties of the Government Sponsored Enterprises (the Enterprises).
The current Geographic Targeting Order (GTO) is effective beginning April 25, 2023 until October 21, 2023, and includes additional jurisdictions.
Learn about the Financial Crimes Enforcement Network (FinCEN) Acting Director's recent remarks to the U.S. House of Representatives Committee on Financial Services.
In January of 2023, the Federal Housing Finance Agency (FHFA) directed the Fannie Mae and Freddie Mac (the GSEs) to change their loan level pricing adjustments (LLPAs). NAR continues to urge FHFA to rescind this measure.
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