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 FHA rule permits lenders to provide an extended modification to borrowers after a default episode to assist in avoiding foreclosures.
NAR, along with the American Property Owners Alliance and the Minnesota REALTORS®, filed the amicus brief in support of the property owner’s entitlement to the surplus equity, arguing the state statute effectuates an unconstitutional taking of private property under the Fifth Amendment.
If the legislation becomes a federal law, the SECURE Notarization Act would provide meaningful relief to America’s homeowners and prospective buyers by allowing immediate, nationwide use of remote online notarization technology.
This rule will govern when beneficial ownership information may be disclosed to government officials, regulators, financial institutional and law enforcement.
NAR has continuously advocated for responsibly reducing the mortgage insurance premium (MIP) to help qualified buyers in the current market.
In response to the Appraisal Subcommittee's hearing on appraisal bias, NAR stated its commitment to fair housing and efforts to confront racial bias and discrimination in real estate.
NAR joined a group of industry and consumer groups in a response to the FHA's request for comment on its proposed revision to a mortgagee letter on reconsideration of value (ROV).
Check out the latest changes to multifamily radon standards announced by the Federal Housing Finance Agency (FHFA). The new standards will go into effect for loan applications received after June 30, 2023.
Meta unveiled its new housing ad platform to address algorithmic discrimination (referred to as a “Variance Reduction System” or “VRS”). All housing advertisements on Facebook will now go through the VRS, which will be expanded later this year to include credit and employment ads.
NAR sent a letter to the Veterans Affairs (VA) secretary recommending a slower, thoughtful approach to VA's appraisal modernization while keeping protections for the Loan Guarantee Program.
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