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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.

FHA Condo Insurance Requirement Waiver

January 17, 2014: 

The Federal Housing Administration (FHA) has temporarily waived the blanket hazard, flood, liability and other insurance requirements in Mortgagee Letter 2011-22 for Manufactured Housing, Detached and Common Interest Housing Projects.

OMB Questions EPA Water Rule

January 17, 2014: 

The White House Office of Management and Budget (OMB) has reportedly requested that EPA clarify whether the "significance" of a connection between smaller waterbodies and larger downstream waters marks a technical or policy issue -- echoing questions raised by a coalition of regulated stakeholders, including NAR, who are concerned that the agency may not be adequately weighing the issue as it works to clarify jurisdiction of the Clean Water Act (CWA).

Elements of Net Neutrality Order Overturned

January 17, 2014: 

The U.S. Court of Appeals for the District of Columbia ruled January 14 that key elements of the Federal Communications Commission’s (FCC’s) 2010 Open Internet Order are invalid.

CFPB Seeks Comment on Improving Closings

January 10, 2014: 

The Consumer Finance Protection Bureau (CFPB) is asking the public for comments about the real estate transaction closing process.

FHA Loan Limits Appeals Extended

December 27, 2013: 

On Dec. 20, 2013, the Federal Housing Administration (FHA) announced a 25-day extension for communities who wish to request a change to high cost area loan limits.

Scientists Meet on EPA Water Rule

December 20, 2013: 

A Science Advisory Board panel will recommend the EPA consider the degree of connections that wetlands and streams have with downstream waters in a draft scientific study. This is a positive development for regulated stakeholders because establishing significance of the connection is a test articulated by Supreme Court Justice Kennedy to ascertain which wetlands merit Clean Water Act jurisdiction.

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