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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.

HUD Announces More Changes to FHA

December 20, 2012: 

In a letter to Senator Corker (R-TN) dated Dec.18, 2012,  FHA announced additional changes to "rebuild the reserves of the Mutual Mortgage Insurance Fund."

NAR Comments on Gfee Increases

December 14, 2012: 

On Sept. 20, 2012, The Federal Housing Finance Agency (FHFA, the conservator of Fannie Mae and Freddie Mac (the GSEs) proposed adjustments to the Guarantee fees charged by Fannie Mae and Freddie Mac for individual states where the GSEs estimated longer timelines and higher costs for completing foreclosures. 

NAR Submits Comments on FHFA Securitization Platform

December 14, 2012: 

Earlier this year, the Federal Housing Finance Agency (FHFA, the conservator of Fannie Mae and Freddie Mac (the GSEs) released a white paper on the creation of a common secondary market securitization platform to begin the process of GSE Reform.

FEMA To Release Streamlined Letter of Map Change Process

December 14, 2012: 

On Dec. 17, 2012, FEMA is launching the Online Letter of Map Change (LOMC) - a new way to submit a request to change a property’s flood zone designation.

CFPB Follows NAR Advice on Consumer Testing of RESPA/TILA Forms

December 14, 2012: 

On Thursday, Dec. 13, 2012, The Consumer Financial Protection Bureau (CFPB) announced its proposed policy to allow companies to test new consumer disclosures on a case-by-case basis.

Senate Banking Committee Holds Hearing on FHA Audit

December 7, 2012: 

Last week, the Senate Banking Committee held a hearing entitled, "Oversight of FHA:  Examining HUD's Response to Fiscal Challenges".

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