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.
On Dec. 5, 2014, the Federal Housing Administration (FHA) released its 2015 Loan Limits.
On Dec. 3, 2014, the House of Representatives passed H.R. 5771, the Tax Increase Prevention Act of 2014, by a strong bipartisan vote of 378-46.
On Monday, Dec. 1, Rep. Stephen Fincher (R-TN) released a "Dear Colleague" letter to the leadership of the House of Representatives urging them to support a long-term reauthorization of the Terrorism Risk Insurance Act of 2002, or "TRIA."
NAR submitted comments on EPA's proposed regulation to reduce carbon emissions from existing power plants.
On November 25th, 2014, FHFA Director Mel Watt announced that he would be directing the GSEs to alter REO policies that would allow all qualified buyers to purchase current Fannie Mae or Freddie Mac REO inventory at market value.
On Monday, Nov. 17, 2014, FHA released its Annual Report to Congress and the FY 2014 Independent Actuarial Assessment of the FHA Mutual Mortgage Insurance Fund.