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.
Vince Malta, NAR President Elect, presented testimony at the U.S. Senate Committee on Banking, Housing, and Urban Affairs hearing entitled the “Chairman’s Housing Finance Outline: Part 2.”
FHA's Technology Open to Approved Lenders (TOTAL) Mortgage Scorecard may flag certain mortgages with case numbers assigned on or after March 18, 2019 submitted through the automated underwriting system (AUS) and require the lender to manually underwrite those loans.
The U.S. Consumer Financial Protection Board (CFPB) has published an Advanced Notice of Proposed Rulemaking (ANPRM) to solicit comment on proposed rules related to Property Assessed Clean Energy (PACE) financing.
NAR sent a letter to Congressman David Cicillini (D-RI) supporting the introduction of H.R. 5, the Equality Act.
NAR hosted housing industry leaders along with the FBI to discuss wire fraud in the real estate industry.
The Federal Housing Administration (FHA) officially eliminated the FHA Inspector Roster. Find out how this will affect FHA lenders.
NAR testified before the House Financial Services Committee on draft legislation to reauthorize and reform the National Flood Insurance Program.
NAR met with leaders of the housing industry to discuss GSE Reform, the national flood insurance program reauthorization, data security, infrastructure, and tax incentives for homeownership.
The Department of Labor (DOL) issued a proposed rule revising the Fair Labor Standards Act (FLSA) implementing the exemption from minimum wage and overtime pay requirements for executive, administrative, professional, outside sales, and computer employees.
NAR, along with 27 other industry groups, recently sent a letter to Federal Housing Finance Agency (FHFA) Acting Director Otting outlining administrative reforms to Fannie Mae and Freddie Mac that prioritize preserving access and affordability in the mortgage market.