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.
The National Association of REALTORS® is backing the Trump administration's proposal to reform the National Environmental Policy Act.
The Appraiser Qualifications Board (AQB) released proposed changes to the Appraiser Qualification Criteria.
The Senate reauthorized the Energy Efficient Commercial Buildings Deduction through 2020. This keeps this important deduction available for commercial property owners through 2020, and allows them to claim it for 2018 and 2019 as well.
The Senate passed a 7-year reauthorization of the Terrorism Risk Insurance Program (TRIP, or TRIA) as part of H.R. 1865, a year-end federal spending bill. The program was set to expire at the end of 2020, and is now reauthorized through 2027.
NAR jointly filed a neutral amicus brief with the Mortgage Bankers Association (MBA) and the National Association of Homebuilders (NAHB) in the Supreme Court case examining the structure of the Consumer Financial Protection Bureau (CFPB).
The Secretary mentioned a couple of specific occasional efforts the Department is taking to reduce regulatory burdens on housing and the real estate sector.
NAR sent a letter of support to the House Financial Services Committee (HFSC) Chairs for a group of bills, to be marked by the committee, impacting federal policy in credit policy and student loan debt.
FHA published its 2020 loan limits on December 3, 2019. The high cost limit is now at $765,600, while the lowest FHA limit rose to $331,760.
The Federal Housing Finance Agency (FHFA) published the 2020 conforming loan limits for Freddie Mac and Fannie Mae.
The U.S. Court of Appeals for the District of Columbia Circuit recently heard oral arguments in the case brought by a dozen attorneys general (AGs) challenging the Department of Labor (DOL) association health plan (AHP) rule issued in 2018.