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.
On Oct. 22, 2012, NAR filed individual and joint comments on proposed banking capital standards and risk weighting proposals as part of the Basel III rulemaking by the Federal Reserve, OCC, and FDIC.
The Consumer Financial Protection Bureau (CFPB) announced that it would begin accepting consumer complaints about credit reporting agencies and individual credit report problems.
Last week, the Department of Veterans Affairs celebrated their 20 millionth loan under the loan guaranty program.
George S. Wonica, a broker/appraiser/manager for Wonica Realtors & Appraisers in Staten Island, participated in the National Association of Home Builders (NAHB) Residential Real Estate Appraisal Summit on Oct. 24, 2012.
On Oct. 15, 2012, NAR President submitted comments to the CFPB on its loan originator proposed rule.
In its recent report Disaster Resiliency: A National Imperative, the NRC recommends investment in risk reduction through insurance and other financial instruments that enhance resilience by encouraging mitigation of properties and infrastructure.