Government Watch

RSS NAR Government Affairs / Political Advocacy

  • Monday Minute - Week of April 24, 2017
    Both the Senate and House are in session this week and will be focusing on several issues of importance to REALTORS®.  In the House, the Financial Services Committee will be discussing a legislative proposal to create hope and opportunity for investors, consumers, and entrepreneurs, focusing on the Financial CHOICE Act. The Small Business Committee will […]
  • May is REALTOR® Advocacy Month
    NAR is inviting local and state REALTOR® associations to participate in REALTOR® Advocacy Month, a celebration from May 7-27 to demonstrate the importance of advocacy at the national, state and local levels. REALTOR® Advocacy Month is an opportunity to educate and engage REALTORS®; highlight your association's advocacy outreach activities; and help meet the Vote, Act […]
  • VA Reconsiders Limits on Fees
    On April 13, 2017, the Department of Veterans Affairs (VA) released an advanced notice of proposed rulemaking regarding revisions to allowable charges and fees associated with VA guaranteed home loans. In recent years, the VA has received complaints from veterans and other stakeholders, including REALTORS®, that restrictions on the charges and fees VA Loan borrowers […]
  • First-time Home Buyer Savings Account Signed into Law in Mississippi
    Mississippi is helping lead the way to home ownership after Gov. Phil Bryant today signed HB 1601 into law.  The law establishes a First-Time Home Buyer Savings Account, allowing Mississippians to create monetary savings accounts for down payments or other home purchase related expenses.  Mississippi REALTORS® President David Griffith said home ownership is part of […]
  • NAR Publishes Co-Marketing Do's and Don'ts
    NAR has published a list of Do’s and Don’ts for real estate professionals when engaging in co-marketing activities via social media and other web-based marketing tools.  The educational piece is intended to help real estate professionals comply with the Real Estate Settlement Procedures Act (RESPA) when co-marketing. Disclaimer:  This document is provided for informational/instructional purposes […]
  • NAR Testifies on VA Appraisals
    On April 4, 2017, Michelle Bradley, the 2016 NAR Real Property Valuation Committee Chair, testified before the House Committee on Veterans' Affairs – Economic Opportunity Subcommittee at a hearing entitled “Assessing VA Approved Appraisers And How To Improve The Program For The 21st Century.” In the past year, the Department of Veterans Affairs (VA) Home […]
  • Basel III HVCRE regulations
    On Monday, April 3, NAR joined an industry coalition letter thanking Rep. Pittenger (R-NC) for his work drafting a bill to make reforms to the Basel III “High Volatility Commercial Real Estate” (HVCRE) risk-weight requirements for lenders.  Under the HVCRE rule, commercial acquisition, development, and construction (ADC) loans are risk-weighted at 150% - up from […]
  • PACE Reform Bills Introduced
    Bipartisan legislation supported by NAR was introduced in the Senate and House yesterday that would subject Property Assessed Clean Energy (PACE) loans to the same Truth in Lending Act (TILA) consumer protections required of other mortgage products. In the Senate, Senators Tom Cotton (R-AR), Marco Rubio (R-FL), and John Boozman (R-AR) introduced the legislation. The […]
  • NAR Supports Sanford/Sherman G-fee Bill
    On April 4, 2017, NAR sent a letter to the full U.S. House urging support for H.R. 916, the "Risk Management and Homeowner Stability Act." The legislation would amend the Congressional Budget and Impoundment Control Act of 1974 to prohibit the use of Fannie Mae and Freddie Mac’s guarantee fees (g-fees) to pay for government […]
  • Commercial NFIP Priorities
    On Tuesday, April 4, NAR and a coalition of real estate industry groups sent a letter to the House Financial Services Committee outlining priorities for commercial real estate in the upcoming reauthorization of the National Flood Insurance Program (NFIP).  The NFIP is scheduled expire on September 30, 2017 unless Congress extends it. Specifically, the letter […]
  • 2017 Spring Break Report from NAR Government Affairs
    Congress is approaching their April District Work Period. The District Work Period is an excellent opportunity to interact with your Members of Congress in advance of the 2017 REALTORS® Legislative Meetings & Trade Expo in Washington, D.C. May 15-20. Several issues have emerged in the early stages of Congress that are of critical importance to […]
  • VA Appraisers Few and Far Between in Some Rural Areas
    The VA home loan program is considered the gold standard for appraisal independence, but the system is coming under pressure because veterans often have to endure long delays in finding a VA appraiser, particularly in rural areas. Michelle Bradley, past president of NAR’s Real Property Valuation Committee, testified before a House Veterans Affairs subcommittee yesterday […]
  • VA Home Loan Program Marked by Strong Underwriting, but Appraisers Raise Concerns
    WASHINGTON (April 4, 2017) – Challenges facing real estate appraisers servicing the Veterans Affairs were under Congress’s microscope this week as the National Association of Realtors® and other industry leaders took to Capitol Hill to hail the continued success of the VA Home Loan Guaranty Program. Michelle Bradley, a state-certified general real property appraiser from […]
  • 2016 RPAC Election Cycle
    Download (JPG 748KB) Check out how REALTORS® helped the #1 trade association political action committee in the nation successfully elect REALTOR® Champions and support real estate-friendly issues in 2016.
  • NAR Commercial Members & RPAC in 2016
    Download (JPG 877KB) This infographic summarizes NAR commercial member involvement in RPAC in 2016.

RSS NAR Washington Report

  • VA Reconsiders Limits on Fees
    On April 13, 2017, the Department of Veterans Affairs (VA) released an advanced notice of proposed rulemaking regarding revisions to allowable charges and fees associated with VA guaranteed home loans. In recent years, the VA has received complaints from veterans and other stakeholders, including REALTORS®, that restrictions on the charges and fees VA Loan borrowers […]
  • NAR Publishes Co-Marketing Do's and Don'ts
    NAR has published a list of Do’s and Don’ts for real estate professionals when engaging in co-marketing activities via social media and other web-based marketing tools.  The educational piece is intended to help real estate professionals comply with the Real Estate Settlement Procedures Act (RESPA) when co-marketing. Disclaimer:  This document is provided for informational/instructional purposes […]
  • NAR Testifies on VA Appraisals
    On April 4, 2017, Michelle Bradley, the 2016 NAR Real Property Valuation Committee Chair, testified before the House Committee on Veterans' Affairs – Economic Opportunity Subcommittee at a hearing entitled “Assessing VA Approved Appraisers And How To Improve The Program For The 21st Century.” In the past year, the Department of Veterans Affairs (VA) Home […]
  • Basel III HVCRE regulations
    On Monday, April 3, NAR joined an industry coalition letter thanking Rep. Pittenger (R-NC) for his work drafting a bill to make reforms to the Basel III “High Volatility Commercial Real Estate” (HVCRE) risk-weight requirements for lenders.  Under the HVCRE rule, commercial acquisition, development, and construction (ADC) loans are risk-weighted at 150% - up from […]
  • PACE Reform Bills Introduced
    Bipartisan legislation supported by NAR was introduced in the Senate and House yesterday that would subject Property Assessed Clean Energy (PACE) loans to the same Truth in Lending Act (TILA) consumer protections required of other mortgage products. In the Senate, Senators Tom Cotton (R-AR), Marco Rubio (R-FL), and John Boozman (R-AR) introduced the legislation. The […]
  • NAR Supports Sanford/Sherman G-fee Bill
    On April 4, 2017, NAR sent a letter to the full U.S. House urging support for H.R. 916, the "Risk Management and Homeowner Stability Act." The legislation would amend the Congressional Budget and Impoundment Control Act of 1974 to prohibit the use of Fannie Mae and Freddie Mac’s guarantee fees (g-fees) to pay for government […]
  • Commercial NFIP Priorities
    On Tuesday, April 4, NAR and a coalition of real estate industry groups sent a letter to the House Financial Services Committee outlining priorities for commercial real estate in the upcoming reauthorization of the National Flood Insurance Program (NFIP).  The NFIP is scheduled expire on September 30, 2017 unless Congress extends it. Specifically, the letter […]
  • EGRPRA Report to Congress
    The Federal banking agencies, which make up the Federal Financial Institutions Examination Council (FFIEC), have issued a joint report to Congress detailing their review of rules affecting financial institutions. The review, which included a formal comment period and public hearings, was conducted under the requirements of the Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA) […]
  • DOJ Shifts Support Against CFPB
    The Department of Justice (DOJ) has filed an amicus brief defending the holding that the unaccountable single-director structure of the Consumer Financial Protection Bureau (CFPB) is unconstitutional in the case of PHH Corp. v. CFPB. In reversal of support, the DOJ adopts the U.S. Court of Appeals for the D.C. Circuit’s three-judge panel finding that […]
  • NAR Urges Congress to Support Net Neutrality
    On Mar. 20, NAR sent a letter to the House and Senate Commerce committees reiterating our support for the Federal Communications Commission’s (FCC’s) Open Internet Order implemented in 2015. NAR urged the committees to oppose legislation and regulatory efforts that would threaten network neutrality and rollback important protections put in place by the FCC in 2015. […]
  • NAR’s Analysis of the President’s Budget
    On Mar. 16, 2017, President Trump released his budget for the 2018 fiscal year, which begins on October 1. Please download below the highlights of the budget proposal that impact real estate.  Download Budget Highlights
  • House Approves Association Health Plan
    On Thursday, Mar. 22, 2017, the House of Representatives approved H.R. 1101, the Small Business Health Fairness Act (Johnson; R-TX), by a vote of 236-175. The bill amends title I of the Employee Retirement Income Security Act of 1974 to exempt health care plans sponsored by trade and business associations from most state laws and regulations. […]
  • NAR Urges Mnuchin to Protect MID
    In a letter dated March 10, 2017, NAR 2017 President William E. Brown urged new Treasury Secretary Steven Mnuchin to protect the current tax benefits of homeownership as the Trump Administration seeks to reform the federal income tax system. Referring to recent media reports where Mnuchin promised to leave “the mortgage interest deduction as is,” […]
  • President Trump Releases Budget
    On Thursday, March 16th, President Trump released the "America First - A Budget Blueprint to Make America Great Again". The budget does not include many details, but is more an outline of President Trump’s spending proposals. House and Senate appropriations committees will review the budget proposals and will develop the final budget documents for the […]
  • Senate Commerce Hearing on Drones
    On Wednesday, March 15, the Senate Commerce, Science, & Transportation Committee held the hearing "Unmanned Aircraft Systems: Innovation, Integration, Successes, and Challenges."  The hearing focused on the industry growth seen since the FAA released its rule on Small Unmanned Aircraft Systems (UAS), which went into effect in August 2016, as well as areas in which […]

Leave a Reply

Your email address will not be published. Required fields are marked *