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 this week: abusive land contracts, the future of FEMA, oversight of the Federal Trade Commission, reports of fraud in pandemic lending programs.
This change will increase the number of multifamily loans that are eligible for standard underwriting for FHA insurance – loans above the “Large Loan Threshold” must meet additional requirements.
The bill includes the NAR-supported Association Health Plans Act, which would expand access to association health plans (AHPs) to more Americans, including the self-employed workers of the real estate industry.
NAR joined the Community Association Institute (CAI) and Community Mortgage Lenders of America (CMLA) in writing to the FHFA regarding its temporary guidance on condominium purchase requirements.
NAR and a coalition of housing and finance trade associations sent a letter to the Federal Housing Finance Agency (FHFA) regarding the FHFA's plan to operationalize new credit scores at the GSEs.
In a joint amicus brief, NAR explained to the U.S. Supreme Court the burdens imposed on property owners, as part of a recent trend of government encroachment on private property rights.
The House Education and Workforce Committee voted 23-18 to approve the NAR-supported Association Health Plans or AHP Act. The bill now moves to the full House of Representatives. Learn more.
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.
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