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 December 13, 2013, NAR President Steve Brown sent a letter to Charles Coulter, Deputy Assistant Secretary for Single Family Housing, concerning the draft FHA Single Family Handbook.
On December 12, 2013, The Federal Reserve Board, along with five other federal regulatory agencies, issued a final rule to exempt a subset of higher priced mortgage loans (HPML) from certain appraisal requirements.
On Dec. 5, 2013 the U.S. House passed the H.R. 3309 “Innovation Act” aimed at curbing abuses in the patent litigation system.
The EPA and the Army Corps of Engineers have released a cost-benefit analysis in support of their proposed rule to regulate all waters of the U.S. under the Clean water Act.
Before a House subcommittee on Nov. 19, 2013, NAR past president Moe Veissi testified against further implementation of rate increases until FEMA can report to Congress as required by the Biggert-Waters law.
On Wednesday Nov. 20, 2013 the CFPB issued the final RESPA/TILA rule.