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.
New bill introduced in the U.S. Senate will permit first time buyers who have gone through approved counseling to lower their FHA mortgage insurance premiums.
On Thursday, May 28, 2020, the House of Representatives just passed the "Paycheck Protection Program Flexibility Act," which makes several amendments to the CARES Act to make PPP loans more helpful to small businesses by increasing flexibility. Find out what changes are included in the new legislation.
On May 12, 2020, the House of Representatives introduced H.R. 6800, the ‘‘Health and Economic Recovery Omnibus Emergency Solutions,” or HEROES Act.
NAR, as part of a coalition, sent a letter to federal agencies asking for a single central website for Information on Covid and mortgage finance.
NAR received a letter from the FHFA in response to NAR's letter send to the Treasury, Federal Reserve Board, and FHFA on March 27th requesting their support to improve liquidity in the mortgage market.
The 45-day and the 180-day deadlines under Section 1031, which fall between April 1 and July 14, 2020, are automatically delayed until July 15, 2020.
NAR submitted a comment in response to the Office of the Comptroller of the Currency (OCC) and Federal Deposit Insurance Corporation's notice of proposed rule making (NPRM) on modernization of the community reinvestment act (CRA).
The CARES Act created a new SBA loan program to help businesses struggling to pay their employees and meet their debt obligations due to COVID-19.
NAR is asking the Federal Reserve Board and Federal Housing Finance Agency to use their direct funding from the Treasury to support mortgage servicers and to clear the log jam in the mortgage funding process that has arisen due to potential widespread forbearance.
FHFA directed Fannie Mae and Freddie Mac to allow the use of appraisal alternatives to reduce the need for appraisers to conduct interior property inspections for eligible mortgages through May 17, 2020.
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