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.
The Federal Emergency Management Agency (FEMA) has released guidelines for how flood insurance rates will be calculated under the Biggert-Waters Act of 2012.
The six financial federal regulators [HUD, Fed, FDIC, FHFA, OCC, SEC] responsible for writing and implementing the Qualified Residential Mortgage rule, or "QRM", re-proposed the rule after receiving considerable pushback from NAR, other housing industry groups, consumer groups, and lawmakers.
On August 28, 2013, the U.S. Treasury Department and Internal Revenue Service (IRS) issued final regulations on the individual shared responsibility provisions, i.e. individual mandate, of the Affordable Care Act.
The Ninth Circuit Court of Appeals has affirmed the dismissal by a lower court of a lawsuit which claimed that the sale of condominium units in a hotel, together with a “rental management agreement,” constituted the sale of securities.
On August 22, 2013, Fannie Mae announced updates to its automated underwriting standards to fix problems with credit reporting of short sales.
The U.S. Department of Agriculture (USDA) has funding available for Section 504 home repair loans.