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.
FHA mortgagee letter requires lenders to provide 20 percent indemnification for up to two years on borrowers who go into forbearance due to COVID 19.
President Trump recently issued an Executive Order (EO) to accelerate infrastructure investments in an effort to strengthen the economy and get people back to work.
NAR sent a letter to the White House urging further relief during the pandemic. The letter included a number of provisions to help REALTORS® and real estate remain a strong force in our economy.
The “PPP Flexibility Act” bill, passed by the U.S. Senate on June 3, amends the CARES Act to give more flexibility to PPP borrowers in how they can use their loan proceeds.
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.
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