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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 Launches Privacy/Data Security Training

May 23, 2014: 

REALTOR® University recently launched a 4 hour online training course for REALTORS® and Association and MLS staff on privacy and data security.

FHFA Plans To Increase Credit; Leaves Loan Limits Unchanged

May 19, 2014: 

Federal Housing Finance Agency (FHFA) Director Mel Watt made his first public speech addressing FHFA’s strategic plan for Fannie Mae and Freddie Mac that improves liquidity in the present single-family housing finance market.

FHA Blueprint for Access

May 16, 2014: 

On May 13, 2014, FHA released its “Blueprint for Access” which offers a pilot housing counseling program as well as enhanced quality assurance measures.  FHA hopes these efforts will expand access to credit for underserved borrowers.

Committee Passes 3% Cap Bill

May 9, 2014: 

On Wednesday, May 7, 2014, The House Financial Services Committee passed H.R. 3211, "The Mortgage Choice Act" by voice vote.

Elimination of FHA “Prepayment Penalty”

May 9, 2014: 

On May 7, 2014, President Steve Brown sent a letter to Federal Housing Commissioner Carol Galante strongly supporting the proposed rule to eliminate Federal Housing Administration (FHA) post-payment interest charges.

FHA Reverse Mortgage Changes

May 2, 2014: 

On April 25, 2014, the U.S. Department of Housing and Urban Development (HUD) issued new guidance to ease requirements for non-borrowing spouses on FHA Home Equity Conversion Mortgages (HECM) issued on or after August 4, 2014.  The policy changes are in response to complaints from families that are being forced into foreclosure after inheriting a home following the death of a loved one.

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