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 February 29, key members of NAR committees and leadership met with the Federal Housing Finance Agency (FHFA) and other federal agencies to address the REO to Rental Initiative announced earlier in the week (see separate item). The purpose of this meeting was to express NAR's ongoing concerns about the implementation of the plan to dispose of government owned foreclosed properties by making them available for rental.
On February 27 the Federal Housing Finance Agency (FHFA) announced a pilot program to be operated by Fannie Mae to sell nearly 2500 foreclosed properties in six hard hit foreclosure states for the purpose of providing rental housing.
The U.S. Environmental Protection Agency recently announced that they will keep greenhouse gas permitting thresholds at current levels.
On February 23rd the Obama administration released a report on consumer privacy. The report calls on Congress to enact a consumer privacy "bill of rights."
Senator Debbie Stabenow (D-MI)has introduced S. 2144, a bill that would make the mortgage debt forgiveness rules permanent.
As part of an historic “Flood the Hill” coalition of real estate, construction, financial services, insurance, consumer, taxpayer and environmental groups, NAR stepped up pressure on Congress to pass the 5-year Flood Insurance Reauthorization Bill.