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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.

NAR Signs Letter Urging Changes to Government Travel Rules

May 4, 2012: 

NAR has signed on to a letter by ASAE, The Center for Association Leadership, which urges Congress to make changes to legislation approved in late April that places severe restrictions on government employee attendance at meetings and conferences, including those held by trade associations.

House Passes Cybersecurity Legislation

April 30, 2012: 

On April 26th, the House passed the Cyber Intelligence Sharing and Protection Act (CISPA.) The legislation would allow the government to relay cyber threat information to a company to prevent cyber attacks.

House Committee Passes Bill to Make ARMs Permanent

April 30, 2012: 

Last week, the House Committee on Veterans' Affairs passed H.R. 4482, which would make VA ARM and hyrid ARM products permanent. Adjustable Rate Mortgages (ARMs) are especially useful loan products for active duty military.

FHFA Announces New Short Sale Directive

April 23, 2012: 

On April 17, 2012, the Federal Housing Finance Agency (FHFA) announced a new directive as part of FHFA’s continued servicing alignment initiative that directs Fannie Mae and Freddie Mac to align their guidelines for servicing delinquent mortgages they own or guarantee.

NAR and Industry Call for Expanded Rule-making Process on RESPA/TILA

April 23, 2012: 

On Friday, April 13, 2012, NAR and 11 other industry trade associations submitted a letter to the Director of the Consumer Financial Protection Bureau asking for an expanded rule-making process so that industry can properly evaluate the proposed RESPA/TILA harmonization.

Industry and Consumer Groups Call for Broad Qualified Mortgage

April 23, 2012: 

NAR spearheaded a 33 member coalition in sending a letter to Consumer Financial Protection Bureau (CFPB) Director Richard Cordray calling for a broadly defined Qualified Mortgage (QM) under the Dodd-Frank Wall Street Reform and Consumer Protection Act.

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