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.
The Department of Housing and Urban Development (HUD) announced changes that more appropriately calculate student loan debt when determining borrower liabilities for Federal Housing Administration (FHA) loans.
NAR met with staff from the Financial Crimes Enforcement Network (FinCEN) to discuss anti-money laundering laws and beneficial ownership regulations.
Setting the two rules (QRM and QM) equal creates a common legal benchmark and level of quality between the primary and secondary market.
The CDC’s eviction moratorium remains in effect nationwide through its expiration on June 30th, pending consideration by the Supreme Court.
The Biden Administration has released the FY 2022 Budget of the United States Government. Check out the budget items of note to the real estate industry.
Bipartisan legislation has been introduced to increase the equity for "Schedule C Filers" who took out Paycheck Protection Program (PPP) loans prior to March 2021.
In this holding the CFPB Director now serves “at will” and can be fired at the discretion of the President.
The recently-enacted Protecting American Taxpayers from Tax Hikes (PATH) Act (H.R. 2029, P.L. 114-113) includes two NAR-supported provisions affecting the Foreign Investment in Real Property Tax Act (FIRPTA) that are estimated to boost significantly foreign investment in U.S. commercial real estate.
Read about the real estate provisions of the bill.
The Senate Finance Committee unanimously approved a bill easing the FIRPTA rules for foreign investors in publicly-traded U.S. real estate investment trusts (REITs).
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