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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.

Fish and Wildlife Service to Increase Focus on Listing Species as Endangered

February 6, 2012: 

As a result of a court order in mid-2011, the U.S. Fish and Wildlife Service will emabrk on an aggressive push in 2012 to place more species on the endangered list, thereby placing more property out of development and increasing restrictions on property rights.

Obama Administration Unveils Plan to “Heal the Housing Market”

February 2, 2012: 

On February 1 President Obama, speaking to a crowd in Falls Church, Virginia, detailed his plan to “help responsible homeowners and heal the housing market.” The plan calls for streamlined refinancing for potentially millions of borrowers with loans backed by Fannie Mae and Freddie Mac, while also creating a new FHA mortgage program to re-finance non-GSE mortgages.

NAR Pushes Servicers on Freddie Short Sale Affidavit Updates

January 23, 2012: 

On Jan. 5, 2011, NAR reached out to Bank of America and Freddie Mac regarding inconsistencies in Bank of America’s implementation of required changes to Freddie Mac’s mandatory short sale affidavit.

Online Piracy Bills Debated

January 23, 2012: 

This week two federal online piracy bills garnered significant media attention when a number of popular websites went dark in opposition to the legislation. The bills, the Stop Online Piracy Act (SOPA) H.R. 3261 and the Protect IP Act (PIPA) S. 968 are intended to address the problem of foreign websites that facilitate the downloading of digital content like movies and music.

GAO Releases Report on Appraisal Subcommittee

January 23, 2012: 

The US Government Accountability Office (GAO) released their report on real estate appraisals “Appraisal Subcommittee Needs to Improve Monitoring Procedures” as required per Dodd-Frank.

Federal Reserve Releases Housing White Paper

January 16, 2012: 

On January 4, 2012, The Federal Reserve released a white paper, entitled “The U.S. Housing Market: Current Conditions and Policy Considerations.” In the paper, the Fed said that continued weakness in the housing market poses barriers to a more vigorous economic recovery.

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