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Washington Report

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.

May 31, 2013
FHFA published a notice in the Federal Register inviting input on planned restrictions to some forced-placed insurance practices by banks and servicers of GSE loans.  In the notice FHFA indicated that they would limit specific forced-placed practices due to concerns regarding conflict of interest between parties to the insurance agreement.
Topics: Short Sales
May 24, 2013
On May 21, 2013, NAR submitted a statement for the record to the House Financial Services Subcommittee on Financial Institutions and Consumer Credit hearing on the Qualified Mortgage/Ability to Repay rule.  
May 24, 2013
On May 21, 2013, the Senate Judiciary Committee approved S. 744, the Border Security, Economic Opportunity and Immigration Modernization Act.
May 24, 2013
Growing student debt will affect consumers' access to mortgage credit, especially for first time buyers.
May 17, 2013
Senator Joe Manchin and Senator Mike Johanns introduced "The Consumer Mortgage Choice Act" in the United States Senate.