On March 4, 2014, the House voted 306-91 to approve the Homeowner Flood Insurance Affordability Act (H.R. 3370) with amendments.
The Homeowner Flood Insurance Affordability Act is a responsible solution to the flood insurance rate increases triggered by the Biggert-Waters reforms.
Learn more about acceptable sources of down payment assistance for FHA loans in this new NAR issue brief.
NAR President Steve Brown's letter stressed the "need to fully understand the dramatic impact these increases have on property values and ownership sustainability."
On Wednesday, Feb. 26, 2014, House Ways and Means Committee Chairman Dave Camp (R-MI) released his long-awaited discussion draft for comprehensive reform of the tax code.
On Feb. 25, the Senate Banking Committee held Part II in a series of hearings to examine the Terrorism Risk Insurance Act (TRIA) of 2002, which sunsets on December 31, 2014.
On Feb. 26, Senators McCaskill (D-MO) and Rockefeller (D-WV) introduced legislation that will better equip the nation’s top consumer protection agency with the tools needed to crack down on “patent trolls”—companies that buy patents, but then fail to actually produce goods or services, opting instead to intimidate or sue other small businesses.
On Feb. 26, 2014, NAR sent a letter to the House Financial Services Committee's Subcommittee on Capital Markets and Government Sponsored Enterprises for a hearing on the Dodd-Frank Act’s impact on asset-backed securities.
On Feb. 20, 2014, Freddie Mac Senior Vice President for Single Family Servicing, Tracy Hagen Mooney, sent a letter to NAR President to address member concerns about Freddie Mac's short sale/auction pilot.
The Waters Advocacy Coalition, of which NAR is an active participant, has stepped up its educational activities on the issue of "Waters of the U.S." by hosting a Forum for congressional staff on Capitol Hill and hosting a separate webinar for interested individuals and organizations.