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.
NAR, along with 27 other industry groups, recently sent a letter to Federal Housing Finance Agency (FHFA) Acting Director Otting outlining administrative reforms to Fannie Mae and Freddie Mac that prioritize preserving access and affordability in the mortgage market.
The Consumer Financial Protection Bureau (CFPB) recently published its first Semi-Annual Report under the leadership of new Director Kathleen Kraninger.
The U.S. Senate Committee on Banking, Housing, and Urban Affairs recently voted to approve several Presidential nominees, including Mark Calabria to lead the FHFA, to be considered for confirmation by the full Senate.
NAR staff met with trade group representatives and legal experts to discuss changes at the Consumer Financial Protection Bureau (CFPB) and RESPA compliance matters.
Since the new Congress began, a number of Congressional Committees have held health care related hearings focused on issues ranging from pre-existing conditions to short-term health plans.
The IRS held a public hearing on Qualified Opportunity Zones (QOZ), seeking input relating to the first round of proposed rulemaking for the program, released in October 2018.
The Interior Department has set out a plan for increased forest cuts and other "active management" approaches in federal forests to reduce wildfire risks.
NAR President John Smaby and several other members of NAR's Leadership met with U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson, Acting Assistant Secretary and Fair Housing Administration (FHA) to urge them to release the long-awaited FHA condominium rule.
The U.S. Department of Treasury published an update to the National Strategy for Combating Terrorist and Other Illicit Financing, developed from three risk assessments, including one specifically focused on money laundering threats to the U.S. financial system.
NAR submitted comments to the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (collectively “the Agencies”) on a the threshold for requiring an appraisal in commercial real estate transactions to $400,000 from the current level of $250,000.