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Washington Report

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.

February 6, 2015
On Feb. 2, 2015, NAR President Chris Polychron met with Lisa Afua Serwah Mensah, Under Secretary of USDA Rural Development, and Tony Hernandez, USDA Rural Housing Service Administrator.
February 6, 2015
On Wednesday, Feb. 4, the Federal Insurance Office within the Department of the Treasury released interim guidance on implementation of the Terrorism Risk Insurance Program Reauthorization Act of 2015, which was signed into law on Jan. 12 and renewed the federal Terrorism Risk Insurance Program through 2020.
February 6, 2015
On Feb. 4, 2015, Fannie Mae released Lender Letter 2015-02 to provide clarifications and additional information about Collateral Underwriter, Appraiser Quality Monitoring (AQM) and updates to the Property Eligibility and Appraisal Requirements section of the Selling Guide.
February 3, 2015
Fannie Mae's CU is a tool that lenders can use to assign a risk score to appraisals and identify aspects of the appraisal that may require further attention.
February 3, 2015
Communities that were slated for federal rural housing program ineligibility on February 2, 2015 due to "rural in character" criteria will be reinstated as eligible through Sept. 30, 2015.

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