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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.

FEMA Creates Interim Advocate Office

December 19, 2014: 

The Federal Emergency Management Agency (FEMA) recently announced the launch of the Interim Office of the Flood Insurance Advocate, led by the Acting Flood Insurance Advocate, David Stearrett. NAR strongly supported the creation of the Advocate's Office during congressional debate of the Homeowner Flood Insurance Affordability Act (HFIAA).

Eminent Domain Prohibition Signed Into Law

December 19, 2014: 

The Fiscal Year 2015 Omnibus Appropriations bill contained a provision which prohibits HUD, FHA, or Ginnie Mae's involvement in the eminent domain scheme developed by Mortgage Resolution Partners and considered by more than a dozen municipalities across the country.

NAR Testifies on Capitol Hill

December 12, 2014: 

On December 9, 2014, the U.S. Senate Banking Subcommittee on Housing, Transportation, and Community Development held a hearing entitled, “Inequality, Opportunity, and the Housing Market.”

NAR RESPA/TILA Webinar

December 12, 2014: 

On December 11, 2014 NAR held a webinar on changes to the Real Estate Settlement Procedures Act (RESPA) and the Truth in Lending Act (TILA) under the Dodd-Frank Wall Street Reform and Consumer Protection Act.

2015 VA Loan Limits Released

December 12, 2014: 

On December 10, 2014, the U.S. Department of Veterans Affairs (VA) released its 2015 Loan Limits.

GSE’s Detail Low Down-Payment Program

December 12, 2014: 

On December 8, 2014, Fannie Mae and Freddie Mac released details on new mortgage product offerings that will provide access to qualified borrowers able to put down at least 3%.

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