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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.

Fannie Mae’s Collateral Underwriter (CU) Now Available to Lenders

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.

Rural Housing Eligibility Information

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.

FHA Premium Reduction In Effect

January 26, 2015: 

The Federal Housing Administration’s (FHA) 50 basis point mortgage insurance premium (MIP) reduction goes into effect.

Drone Operator Settles with FAA

January 25, 2015: 

A commercial drone pilot, Raphael Pirker, has settled his long-running case with the Federal Aviation Administration.

House Science Committee Drones Hearing

January 23, 2015: 

On Wednesday, January 21, the House Science, Space, and Technology Committee held a hearing to discuss innovations in unmanned aircraft systems (UAS, or "drones"), the need for FAA rules on their commercial use, and the roadblocks to getting those rules promulgated. 

CFPB Targets Kickbacks

January 23, 2015: 

On Thursday January 22, 2015, the Consumer Financial Protection Bureau (CFPB) and the Maryland Attorney General fined two banks for illegal payments for referrals under the guise of marketing and other agreements under the Real Estate Settlement Procedures Act (RESPA).

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