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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.

June 7, 2013
On June 6, 2013, Senators Bennet (D-CO) and Isakson (R-GA) introduced S. 1106, the “Sensible Accounting to Value Energy (SAVE) Act”. The bill is an attempt to develop standards for valuing energy efficiency in the appraisal and mortgage underwriting processes.
June 7, 2013
On June 5, the White House announced an initiative to curb the use of patents by patent holders as a tool for "frivolous litigation," and to protect "Main Street retailers, consumers and other end-users of productions containing patented technology."
June 7, 2013
In May, the Office of Management and Budget (OMB) released two memos providing guidance for government employee conference and meeting attendance.
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.
May 31, 2013
The Inspectors General (IG’s) of the Federal Housing Finance Agency (FHFA) and Department of Housing and Urban Development (HUD) have issued a joint report on the handling of Real Estate Owned (REO) properties in the inventories of HUD, Fannie Mae and Freddie Mac. The Report puts all agencies on notice that REO disposition is being carefully scrutinized and will continue to be as efforts continue to shrink existing inventories and reduce taxpayer exposure.

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