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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.

Fannie Mae Announces Pending Changes for Lender Place Insurance

March 12, 2012: 

On March 6, 2012, Fannie Mae announced that it will soon implement policy changes to its Lender-Placed Insurance (LPI) requirements.

Housing Relief for Veterans, Servicemembers, and Responsible Homeowners Announced

March 12, 2012: 

The Obama Administration announced two initiatives to help homeowners and their families. The Administration is reducing fees for Federal Housing Administration (FHA) borrowers seeking to refinance and providing relief to servicemembers and veterans.

NAR Submits Comment Letter on Streamlining CFPB Rules on Seller Financing

March 12, 2012: 

On March 5, 2012, NAR President Moe Veissi submitted comments to the Consumer Financial Protection Bureau (CFPB) on efforts to streamline regulations inherited by the CFPB.

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.

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