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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.

Proposed Lease Accounting Standards will be Costly

February 20, 2012: 

On February 16, 2012, a coalition of several leading commercial real estate organizations, including NAR, released a report that examines the economic impact of the International Accounting Standards Board (IASB) and Financial Accounting Standards Board’s proposed lease accounting standard.

FHFA Requests Information on PACE Programs

February 20, 2012: 

On Thursday, January 26, the Federal Housing Finance Agency (FHFA) published in the Federal Register an "Advanced Notice of Proposed Rulemaking" (ANPR) requesting information and comments on Property Assessed Clean Energy (PACE) programs.

Administration Proposed Budget for HUD Indicates Premium Increases for FHA

February 20, 2012: 

The proposed fiscal year 2013 budget for the US Department of Housing and Urban Development (HUD) includes information on upcoming premium increases for the Federal Housing Administration (FHA).

Obama Recommends Extension of Tax Relief

February 20, 2012: 

President Obama's FY 2013 Budget, presented to Congress February 13, includes a recommendation that Congress extend the mortgage cancellation tax relief provisions

NAR Adopts Broader Valuation Policy

February 20, 2012: 

The National Association of REALTORS® (NAR) continues its holistic approach to valuing real property with the adoption of its Responsible Valuation Policy. The document is the culmination of NAR’s efforts to consider all methods of valuing real property.

USDA Unveils Rural Refinance Pilot

February 13, 2012: 

The US Department of Agriculture’s (USDA) Rural Development announced a pilot refinance program for the Single Family Housing Guaranteed Loan Program (SFHGLP).

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