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.
On Oct. 15, 2012, NAR President submitted comments to the CFPB on its loan originator proposed rule.
In its recent report Disaster Resiliency: A National Imperative, the NRC recommends investment in risk reduction through insurance and other financial instruments that enhance resilience by encouraging mitigation of properties and infrastructure.
In response to requests from listing brokers and the real estate professional community, Fannie Mae has made several enhancements to its REO offer process to make it easier to do business with them.
Since Congress did not pass a FY2013 budget, and instead the government is working under a Continuing Resolution, funding for some programs has been slow.
On Nov. 2, 2012, The Treasury Department, in collaboration with the National Association of REALTORS®, will hold Making Home Affordable “Help for Homeowners” outreach events in Orlando, Fla.
On Oct. 8, 2012, NAR President Moe Veissi submitted comments to the CFPB on proposed rules for national servicing standards to make improvements to mortgage servicing.