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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.

Treasury Department Holding Short Sale Outreach Event for Real Estate Professionals

March 5, 2012: 

Starting March 20th and 22nd, 2012, the Treasury Department, in collaboration with the National Association of REALTORS®, will hold Making Home Affordable “Help for Homeowners” outreach events in California.

NAR Members Meet with Federal Officials on REO to Rental Plans

March 5, 2012: 

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.

FHFA Announces Fannie Mae REO Property Sales in High Foreclosure Areas

March 5, 2012: 

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.

EPA To Maintain Status Quo for CO2 Regulations

March 5, 2012: 

The U.S. Environmental Protection Agency recently announced that they will keep greenhouse gas permitting thresholds at current levels.

Obama Administration Proposed Consumer Privacy Bill of Rights

March 5, 2012: 

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."

Legislation to Make Relief Permanent Introduced

March 5, 2012: 

Senator Debbie Stabenow (D-MI)has introduced S. 2144, a bill that would make the mortgage debt forgiveness rules permanent.

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