The Washington Report covers legislative and regulatory policy activities, and is compiled by NAR's Advocacy Group policy staff. To receive this content via email, subscribe to the Edge Up with NAR newsletter.
The Pathways to Removing Obstacles to Housing (PRO) program seeks to remove barriers to affordable housing production and ultimately lower housing costs by addressing the main culprit of housing affordability: the limited housing supply.
The new policies mirror many of NAR’s top priorities, including steps to help lower housing costs and increase housing supply. Check out the proposals announced by the U.S. Department of the Treasury.
The changes will help agents and consumers fill out the form correctly, standardize responses and reduce errors, thereby reducing agent liability.
The Federal Housing Administration (FHA) doubled the allowable fees from $900 to $1,800. These are the fees mortgage servicers are allowed to charge when processing an assumable loan.
The U.S. Supreme Court (SCOTUS) ruled that the current funding structure for the Consumer Financial Protection Bureau (CFPB) is constitutional.
The unanimous ruling by the New Jersey Supreme Court in the case Kennedy v. Weichert is a major victory for the real estate industry. Learn more.
The Federal Housing Finance Agency (FHFA) confirmed that buyers whose agent is compensated by the seller will continue to have access to financing through Fannie Mae and Freddie Mac.
Under the final rule, employers will be prohibited from entering into new non-compete agreements with workers on or after the effective date of the rule. Learn more.
The Geographic Targeting Orders (GTOs) require U.S. title companies to identify and report information regarding beneficial owners when companies are used to purchase residential real estate.
NAR submitted a formal comment on the Financial Crime Enforcement Network’s (FinCEN) notice of proposed rulemaking regarding Anti-Money Laundering Regulations for Residential Real Estate Transfers.
Search Washington Report