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.
Issues coming week: Clean Power Plan 2.0, bulding blockchains, artificial intelligence and intellectual property, junk fees.
Check out several important changes announced by the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) that will affect the appraisal industry.
On June 1, 2023, Congress passed legislation to suspend the U.S. debt ceiling until 2025 and sent it to the President to be signed into law, averting a default on the country's debt.
In its response to a Request for Information (RFI) from the Consumer Financial Protection Bureau (CFPB), NAR stressed the utility and importance of conducting background checks on potential residents to ensure a safe and livable community for all residents.
In May 2023, the Supreme Court issued two favorable decisions upholding private property rights.
Issues this coming week: 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.
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