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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.

FEMA Releases Refund Guidance

July 3, 2014: 

On June 26, FEMA released guidance related to providing refunds to property owners that overpaid for flood insurance.

House Panel Approves Internet Tax Moratorium

June 27, 2014: 

On June 19, 2014, the House Judiciary Committee approved H.R. 3086, the Permanent Internet Tax Freedom Act, by a vote of 30-4.

FHA 203k Program for Flood Mitigation

June 27, 2014: 

On June 24, the FHA responded to a request from NAR and other groups, regarding the use of the 203k rehabilitation/renovation loan program for flood mitigation.  In the letter, dated February 6, 2014, NAR and the coalition asked FHA to confirm the eligibility of the Federal Housing Administration's FHA Section 203k program for the rehabilitation of homes that have not been damaged in a flood, but are at risk of damage from future flood events.  The 203k has been used in flooded areas to rebuild homes, and the coalition wanted assurance that the program could be used for mitiga

NAR on Rural Access to Credit

June 27, 2014: 

NAR submitted a statement last week to the House Agriculture Subcommittee on Livestock, Rural Development, and Credit to their hearing entitled, "A Review of Credit Availability in Rural America."

House Committee Approves TRIA Bill

June 20, 2014: 

On Friday, June 20th, the House Financial Services Committee approved Rep. Randy Neugebauer’s (R-TX) TRIA Reauthorization bill, H.R. 4871, by a vote of 32 to 27.

FHA Reverse Mortgage Changes

June 20, 2014: 

On June 18, 2014, the Federal Housing Administration (FHA) released two Mortgagee Letters on the Home Equity Conversion Mortgage (HECM) program.

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