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.
NAR is asking the Federal Reserve Board and Federal Housing Finance Agency to use their direct funding from the Treasury to support mortgage servicers and to clear the log jam in the mortgage funding process that has arisen due to potential widespread forbearance.
FHFA directed Fannie Mae and Freddie Mac to allow the use of appraisal alternatives to reduce the need for appraisers to conduct interior property inspections for eligible mortgages through May 17, 2020.
As the federal and state governments address the COVID-19 (coronavirus) crisis, NAR is advocating for the interests of commercial real estate in relief packages and stimulus plans.
NAR joined forces with other real estate industry groups to seek relief for multifamily properties.
The legislation expands Federal Communications Commission (FCC) enforcement authority against robocall offenses with a longer statute of limitations and increased civil penalties.
The Treasury Department recently released the “2020 National Strategy for Combating Terrorist and Other Illicit Financing,” which looks strategically at how the U.S. can effectively work to combat money laundering and terrorist financing.
NAR staff attended a House Oversight and Reform Committee hearing on the upcoming decennial census.
NAR led a coalition of more than 35 associations requesting a delay in their review of the qualified residential mortgage rule.
NAR signed onto a coalition letter expressing support for an extension of the Qualified Mortgage (QM) patch and NAR's support for an new market-wide QM definition.
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