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.
Sandra Thompson, the Federal Housing Finance Agency (FHFA) Deputy Director, was named Acting Director on June 23, 2021.
Due to lack of action in Congress, the EB-5 Regional Center Program expired on June 30, 2021.
The Supreme Court by a vote of 6-3 ruled unconstitutional a California regulation allowing union organizers to enter farmland for the purpose of uniting workers.
The Centers for Disease Control (CDC) extended its federal eviction moratorium, previously set to expire on June 30, through July 31, 2021.
The Supreme Court held that the single-director structure of the Federal Housing Finance Agency (FHFA) was unconstitutional. As a result of the decision, the Administration has already replaced now former FHFA Director Mark Calabria with Acting Director, Sandra Thompson.
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 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.
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