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.
Immigration reform remains a top priority of the Administration and many in Congress. On April 16, 2013, a bipartisan group of 8 Senators introduced a comprehensive immigration reform bill, S. 744, The Border Security, Economic Opportunity, and Immigration Modernization Act.
The Department of Housing and Urban Development (HUD) plans to close sixteen field offices.
Thirty Republican senators are pressing the Obama administration to scrap its controversial guidance for clarifying convoluted oversight of wetlands and other water resources as U.S. EPA prepares to take up a rulemaking on the issue.
NAR President Gary Thomas testified this week about the importance of the FHA mortgage insurance program.
FHA may need $943 million from the Treasury to hold 30 years' worth of reserves.
Growing student debt will impact the ability of consumers to access mortgage credit, particularly first time homebuyers.