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 announced that it is extending the availability of the temporary waiver of its regulation 24 CFR 203.37a(b)(2) that prohibits the use of FHA financing to purchase single family properties that are being resold within 90 days of the previous acquisition.
FHA released their Annual Report to Congress and the Actuarial Review of the 2012 Financial Status of the FHA Mutual Mortgage Insurance Fund.
NAR submitted comments to the Consumer Financial Protection Bureau (CFPB) on the 1100 page RESPA/TILA harmonization regulatory proposal.
The U.S. Fish and Wildlife Service and the National Marine Fisheries Service (NOAA Fisheries) have reopened the public comment period on a joint proposal to simplify the process of identifying habitat essential to the survival and recovery of species protected by the Endangered Species Act (ESA).
On Wednesday, Oct. 24, 2012, NAR submitted comments to the Consumer Financial Protection Bureau (CFPB) on the CFPB's strategic plan for the next five years.
On Oct. 22, 2012, NAR filed individual and joint comments on proposed banking capital standards and risk weighting proposals as part of the Basel III rulemaking by the Federal Reserve, OCC, and FDIC.