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 Treasury Department recently released the “2020 National Strategy for Combating Terrorist and Other Illicit Financing,” which looks strategically at how the U.S. can effectively work to combat money laundering and terrorist financing.
NAR staff attended a House Oversight and Reform Committee hearing on the upcoming decennial census.
NAR led a coalition of more than 35 associations requesting a delay in their review of the qualified residential mortgage rule.
NAR signed onto a coalition letter expressing support for an extension of the Qualified Mortgage (QM) patch and NAR's support for an new market-wide QM definition.
The Consumer Financial Protection Bureau (CFPB) recently published a policy statement announcing a new category of Bureau guidance, known as “Compliance Aids,” aimed at improving clarity on requirements of existing rules and statutes.
HUD released new guidance on "Assessing a Person's Request to Have an Animal as a Reasonable Accommodation Under the Fair Housing Act."
Nearly 70 percent of home sales are financed and a borrower's credit report and credit score form a critical gateway to obtaining a mortgage.
Five federal regulatory agencies - the Federal Reserve, FDIC, OCC, Farm Credit and National Credit Union Administrations - published final regulations clarifying lender acceptance of private flood insurance. These rules will take effect on July 1.
Federal banking regulators released a final regulation clarifying lender acceptance of private flood insurance. The final regulation implements Section 239 of the Biggert-Waters Flood Insurance Reform Act of 2012, which generally requires lenders to accept private flood insurance meeting a strict statutory definition.
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