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 Jan. 8, 2015, at a speech in Phoenix, AZ attended by NAR President Chris Polychron, President Obama announced that the Federal Housing Administration (FHA) would reduce FHA annual mortgage insurance premiums (MIP) by 50 basis points.
Douglas Trudeau, of Tierra Antigua Realty in Tuscon AZ , received permission from the Federal Aviation Administration (FAA) to use Unmanned Aerial Vehicles (UAVs), a.k.a. drones, to create marketing videos to sell property.
The Environmental Protection Agency (EPA) is delaying the release of carbon emissions rules for all power plants, known as the Clean Power Plan, and will publish them for new as well as existing plants at the same time mid-summer.
On December 16, 2014, the Senate passed H.R. 5771, the Tax Increase Prevention Act of 2014, by a vote of 76-16.
Despite having a bipartisan compromise bill, the Senate failed to reauthorize the Terrorism Risk Insurance Act (TRIA) before it adjourned for the remainder of the year, resulting in the program expiring on December 31, 2014.
NAR continues to push FHA to lower the mortgage premiums.