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.
At a recent forum, hosted by the National Academy of Sciences, 2014 NAR President Steve Brown testified that flood insurance is becoming increasingly unaffordable for homeowners who are required to purchase it.
Last week NAR joined forces with a coalition of groups to urge HUD to make flood mitigation an explicit eligible use of the FHA 203k loan program.
NAR has been working with Congress for the last three years to ensure that rural communities continue to have access to rural housing programs.
On Jan. 30, HUD announced that it will now accept electronic signatures on most documents involved in FHA mortgage insurance, mortgage servicing, loss mitigation and FHA insurance claims.
In a letter to Congress today, the Main Street Patent Coalition called for comprehensive common sense patent reform legislation.
On Jan. 30, Senate Commerce Committee Chairman Jay Rockefeller (D-WV), in the wake of data breaches at Target and Neiman Marcus, reintroduced a bill aimed at curbing that threat. This marks Rockefeller's third effort at data security legislation.