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.
In January of 2023, the Federal Housing Finance Agency (FHFA) directed the Fannie Mae and Freddie Mac (the GSEs) to change their loan level pricing adjustments (LLPAs). NAR continues to urge FHFA to rescind this measure.
President Biden vetoed the congressionally passed resolution that would have rescinded his Waters of the United States (WOTUS) regulation.
The report issued by the Financial Crimes Enforcement Network (FinCEN) provides information on business email compromise threats and trends between January 2020 to December 2021.
On March 29, the Senate passed a joint resolution of disapproval under the Congressional Review Act (CRA) of the waters of the U.S. (WOTUS) rule.
Allegations of appraisal bias have been widespread in the news in recent years, but few cases have resulted in legal clarity.
The new FinCEN guidance provides small businesses with information regarding the beneficial ownership rule that will go into effect on January 1, 2024.
In Texas and Idaho, the WOTUS rule will not be in effect based on this court’s ruling, but nationwide, the rule is effective as of March 20, 2023, pending other legal challenges.
Download NAR's statement to the House Financial Services Subcommittee on Housing and Insurance supporting the National Flood Insurance Program (NFIP) reauthorization and reform legislation.
The House Joint Resolution, if enacted, would terminate the Biden WOTUS rulemaking utilizing the Congressional Review Act (CRA), which provides a mechanism for Congress to overturn certain final agency actions.
The FHA rule permits lenders to provide an extended modification to borrowers after a default episode to assist in avoiding foreclosures.
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