The Washington Report covers legislative and regulatory policy activities, and is compiled by NAR's Government Affairs policy staff. To receive this content via email, subscribe to NAR's Weekly Report newsletter and check the "legislative & regulatory issues" box.
The Federal Housing Administration’s (FHA) 50 basis point mortgage insurance premium (MIP) reduction goes into effect.
On Wednesday, January 21, the House Science, Space, and Technology Committee held a hearing to discuss innovations in unmanned aircraft systems (UAS, or "drones"), the need for FAA rules on their commercial use, and the roadblocks to getting those rules promulgated.
On Thursday January 22, 2015, the Consumer Financial Protection Bureau (CFPB) and the Maryland Attorney General fined two banks for illegal payments for referrals under the guise of marketing and other agreements under the Real Estate Settlement Procedures Act (RESPA).
The Environmental Protection Agency's (EPA) Office of Research and Development released the final science report, Connectivity of Streams and Wetlands to Downstream Waters.
The Senate Commerce, Science & Transportation Committee and the House Subcommittee on Communications and Technology, each held a hearing entitled “Protecting Internet and Consumers through Congressional Action.”
NAR submitted comments to the Federal Housing Finance Agency on proposed membership rule changes to the Federal Home Loan Bank (FHLB) system to make sure that members maintain an ongoing commitment to homeownership.