Powered by Google

Search form

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.

Some Local Governments Looking to Eminent Domain to Solve Mortgage Crises

August 17, 2012: 

Municipalities across the country have seized on a novel approach to help resolve the current underwater mortgage crisis: using their power of eminent domain to seize mortgage loans from private investors through condemnation.

Guaranteed Loan Program for Rural Areas Issues Loan Processing Advisory

August 17, 2012: 

The U.S. Department of Agriculture’s Single Family Housing Guaranteed Loan Program has issued an advisory for lenders that will also be of interest to REALTORS with buyers and sellers over the next several weeks.

FHFA Raises Concerns Over Eminent Domain Proposal

August 10, 2012: 

The conservator of Fannie Mae and Freddie Mac sent a notice to the Federal Register announcing the acceptance of public comments on the restructure of performing loans through the use of eminent domain.

Extension of Mortgage Cancellation Relief Goes Forward

August 3, 2012: 

The Senate Finance Committee has crafted and sent to the full Senate a package that would extend the mortgage relief provision for an additional year, through December 31, 2013.

Senate Passes Foreign Investment Bill

August 3, 2012: 

The Senate passed S. 3245, which reauthorizes the EB-5 regional center program that allows foreign investors to channel investment funds into American businesses and developments for three years.

Coalition Urges Extension of Rural Housing Programs

August 3, 2012: 

On Sept. 30, more than 900 communities who currently are eligible for housing programs under the Rural Housing Service in the Department of Agriculture become ineligible.

Pages