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 Wednesday, Nov. 19, the Coalition to Insure Against Terrorism, or "CIAT," conducted a lobbying day on Capitol Hill, meeting with over thirty key members of Congress to urge for a long-term reauthorization of the Terrorism Risk Insurance Act of 2002, or "TRIA."
On Sunday, Nov. 9, 2014 NAR members heard from RESPA attorney Phil Schulman about the Consumer Financial Protection Bureau's (CFPB) changes to the Real Estate Settlment Procedures Act (RESPA) and the Truth in Lending Act (TILA) under the Dodd-Frank Wall Street Reform and Consumer Protection Act.
The VA loan limits have remained at higher levels since 2008, at 150% of the GSE loan limits.
On Nov. 10, 2014, President Obama asked the Federal Communications Commission (FCC) to take up the strongest possible rules to protect net neutrality, the principle that says Internet service providers (ISPs) should treat all internet traffic equally.
The Environmental Protection Agency (EPA) and the U.S. Army Corps of Engineers (The Corps) have issued a controversial proposed regulation that would place more water bodies under federal authority, which would result in more property rights violations, more time consuming and expensive permits, more regulatory red tape, and less economic development in communities across the country.
On Nov. 10, 2014, Fannie Mae published an update to its lender selling guide to improve and streamline its condo project approval process.