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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.

CFPB Tweaks Mortgage Rules

June 28, 2013: 

On Monday, June 24, 2013, the Consumer Financial Protection Bureau (CFPB) issued proposed changes to the Qualified Mortgage (QM), Loan Officer Compensation, and Mortgage Servicing rules among others.

Senate Introduces Data Security Legislation

June 28, 2013: 

On June 20, six Republican Senators and an Independent (Toomey, King, Thune, Heller, Blunt, Rubio, Coats) introduced the Data Security and Breach Notification Act of 2013. (S. 1193)

NAR Notches Victory in Supreme Court Property Rights Case

June 28, 2013: 

The Supreme Court sided today with a Florida landowner who challenged terms for a state-issued permit for developing wetlands.

NAR Testifies on Consumer Mortgage Choice Act

June 21, 2013: 

On Tuesday, June 18, 2013, NAR President Gary Thomas testified before the House Financial Services Subcommittee on Financial Institutions and Consumer Credit in support of H.R. 1077, The Consumer Mortgage Choice Act. 

GSEs Announce Short Sale Changes

June 21, 2013: 

Fannie Mae and Freddie Mac, the Government Sponsored Enterprises (GSEs), announced changes to their Standard Short Sale and HAFA guidelines to improve transparency and marketing of listed properties that will require GSE approval.

Congress Acts on Rural Housing

June 14, 2013: 

Two different bills are moving through Congress to address the rural housing issue.