Government Watch

RSS NAR Government Affairs / Political Advocacy

  • Realtors® Highlight Flood Insurance Concerns as House Committee Finalizes Key Markup
    WASHINGTON (June 21, 2017) – The House Financial Services Committee today concluded a markup on multiple pieces of legislation to reauthorize and reform the National Flood Insurance Program. Following is a statement from National Association of Realtors ® President William E. Brown: “Congress has less than four months to reform and reauthorize the critical National […]
  • Monday Minute - Week of June 19, 2017
    Both the Senate and House are in session this week. The House Financial Services Committee will continue its markup of the National Flood Insurance Program (NFIP) legislation on Wednesday, June 21. Both the House and the Senate will hold subcommittee hearings on the topic of making broadband service available in all markets, which is important […]
  • House Begins Flood Insurance Markup
    On June 15, 2017, the House Financial Services Committee began consideration of a series of bills to reform and reauthorize the National Flood Insurance Program (NFIP). The Committee is expected to vote on these bills and then combine them into one package for consideration by the full House. On the first day of the mark […]
  • NAR Weighs-In on NFIP Bills
    On Thursday, June 15, the House Financial Services Committee began marking up seven bills reauthorizing the National Flood Insurance Program (NFIP). These bills would reauthorize the NFIP for five years, as well as make changes to the program and how it's administered, some which will affect the way that commercial properties purchase and utilize the […]
  • HUD Regulatory Review
    On June 14, 2017, NAR submitted a letter in response to the Department of Housing and Urban Development’s (HUD) request for comment regarding HUD's effort to evaluate and identify regulations that merit repeal, replacement or modification in accordance with the directives under Executive Order 13777, “Reducing Regulation and Controlling Regulatory Costs.” NAR strongly supports the […]
  • NAR Hosts eClosing Summit
    NAR 2017 President-Elect Elizabeth Mendenhall hosted a roundtable with government regulators and industry leaders focused on the advancement of electronic closing (eClosing) processes. Participants deliberated ways to promote eClosings, which have proven to be more efficient, intelligible, and secure than traditional closings with paper disclosures. In debating the hurdles to eClosing adoption, many issues were […]
  • NAR Comments on VA Loan Fees
    On June 12, 2017, NAR sent a letter in response to the Department of Veterans Affairs (VA) advanced notice of proposed rulemaking regarding revisions to allowable charges and fees associated with VA guaranteed home loans. In recent years, REALTORS® have noted that restrictions on the charges and fees VA Loan borrowers can pay in a home […]
  • NAR Comments on USDA Reorganization
    On June 9, 2017, NAR President submitted a letter in response to the U.S. Department of Agriculture's (USDA) proposed re-organization of the USDA governing structure, in which the Under Secretary of Rural Development would be removed and the USDA Rural Development programs would report directly to the Secretary of Agriculture. NAR urges USDA to reconsider […]
  • NAR Welcomes 50% Fannie Debt-to-Income
    NAR President Bill Brown credited Fannie Mae for an upcoming change that will allow borrowers with higher debt get a home loan, a move that reflects borrowers’ strengthened credit profiles and is consistent with NAR’s effort to increase homeownership among first-time buyers. Fannie Mae has also eased underwriting constraints to help buyers carrying heavy student […]
  • Monday Minute - Week of June 12, 2017
    Both the Senate and House are in session this week.  The Senate Banking, Housing and Urban Affairs Committee will vote on the nomination of Pamela Patenaude to be Deputy Secretary of HUD. On June 2, NAR submitted a letter to strongly supporting Patenaude’s nomination.  NAR Support Letter to Senate Banking Committee Re: Patenaude HUD Deputy Secretary The […]
  • House Holds Flood Insurance Hearing
    On June 7, 2017, the House Financial Services Committee held a hearing entitled “Flood Insurance Reform: A Taxpayer’s Perspective.” NAR submitted detailed comments on six reform bills released by the Committee on May 25. A markup of a series of bills is scheduled next Wednesday (June 14). NAR will keep members posted. Read NAR's letter […]
  • Labor Department Withdraws Workplace Guidance
    On June 7, 2017, U.S. Department of Labor Secretary Alexander Acosta withdrew the 2015 informal guidance on independent contractor misclassification offering a victory to independent contractors across the county. The Administrator’s Interpretation 2015-1 expanded the “economic realities” test used to define the term “employee” for purposes of the Fair Labor Standards Act (“FLSA”), jeopardizing the […]
  • Monday Minute – Week of June 5, 2017
    Both the Senate and House are in session this week.  In the House, the Financial Services Committee will hold a hearing on "Flood Insurance Reform: A Taxpayer's Perspective.”  In the Senate, the Banking, Housing and Urban Affairs Committee will conduct a hearing on the nomination of Pamela Patenaude to be Deputy Secretary of Housing and […]
  • VA Clarification on Comparable Sale Properties
    On May 19, 2017, the Department of Veterans Affairs (VA) published Circular 26-17-14 clarifying that there is no maximum standard for the distance between the subject property and related comparable sale properties. Rather, the appraiser should specify why in a certain market, rural or suburban, whether extended distances are normal for that market and how they […]
  • Advisory on Appraiser Availability
    On May 31, 2017, the federal bank regulatory agencies - the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), and the Office of the Comptroller of the Currency (OCC) – released an Issue Advisory on Appraiser Availability drawing attention to two existing options […]

RSS NAR Washington Report

  • House Begins Flood Insurance Markup
    On June 15, 2017, the House Financial Services Committee began consideration of a series of bills to reform and reauthorize the National Flood Insurance Program (NFIP). The Committee is expected to vote on these bills and then combine them into one package for consideration by the full House. On the first day of the mark […]
  • NAR Weighs-In on NFIP Bills
    On Thursday, June 15, the House Financial Services Committee began marking up seven bills reauthorizing the National Flood Insurance Program (NFIP). These bills would reauthorize the NFIP for five years, as well as make changes to the program and how it's administered, some which will affect the way that commercial properties purchase and utilize the […]
  • HUD Regulatory Review
    On June 14, 2017, NAR submitted a letter in response to the Department of Housing and Urban Development’s (HUD) request for comment regarding HUD's effort to evaluate and identify regulations that merit repeal, replacement or modification in accordance with the directives under Executive Order 13777, “Reducing Regulation and Controlling Regulatory Costs.” NAR strongly supports the […]
  • NAR Hosts eClosing Summit
    NAR 2017 President-Elect Elizabeth Mendenhall hosted a roundtable with government regulators and industry leaders focused on the advancement of electronic closing (eClosing) processes. Participants deliberated ways to promote eClosings, which have proven to be more efficient, intelligible, and secure than traditional closings with paper disclosures. In debating the hurdles to eClosing adoption, many issues were […]
  • NAR Comments on VA Loan Fees
    On June 12, 2017, NAR sent a letter in response to the Department of Veterans Affairs (VA) advanced notice of proposed rulemaking regarding revisions to allowable charges and fees associated with VA guaranteed home loans. In recent years, REALTORS® have noted that restrictions on the charges and fees VA Loan borrowers can pay in a home […]
  • NAR Comments on USDA Reorganization
    On June 9, 2017, NAR President submitted a letter in response to the U.S. Department of Agriculture's (USDA) proposed re-organization of the USDA governing structure, in which the Under Secretary of Rural Development would be removed and the USDA Rural Development programs would report directly to the Secretary of Agriculture. NAR urges USDA to reconsider […]
  • House Holds Flood Insurance Hearing
    On June 7, 2017, the House Financial Services Committee held a hearing entitled “Flood Insurance Reform: A Taxpayer’s Perspective.” NAR submitted detailed comments on six reform bills released by the Committee on May 25. A markup of a series of bills is scheduled next Wednesday (June 14). NAR will keep members posted. Read NAR's letter […]
  • Labor Department Withdraws Workplace Guidance
    On June 7, 2017, U.S. Department of Labor Secretary Alexander Acosta withdrew the 2015 informal guidance on independent contractor misclassification offering a victory to independent contractors across the county. The Administrator’s Interpretation 2015-1 expanded the “economic realities” test used to define the term “employee” for purposes of the Fair Labor Standards Act (“FLSA”), jeopardizing the […]
  • VA Clarification on Comparable Sale Properties
    On May 19, 2017, the Department of Veterans Affairs (VA) published Circular 26-17-14 clarifying that there is no maximum standard for the distance between the subject property and related comparable sale properties. Rather, the appraiser should specify why in a certain market, rural or suburban, whether extended distances are normal for that market and how they […]
  • Advisory on Appraiser Availability
    On May 31, 2017, the federal bank regulatory agencies - the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), and the Office of the Comptroller of the Currency (OCC) – released an Issue Advisory on Appraiser Availability drawing attention to two existing options […]
  • House Releases Flood Insurance Bill
    On May 25, 2017, the House Financial Services Committee released portions of draft legislation to reauthorize and reform the National Flood Insurance Program (NFIP). The program is up for reauthorization on September 30. The committee has released six sections spanning 161 pages, addressing NFIP affordability, flood mapping, mitigation incentives, taxpayer protections, claims process, and private […]
  • Hearing Held on PHH v. CFPB
    On May 24, 2017, the U.S. Court of Appeals for the D.C. Circuit heard oral arguments in the case of PHH Corp. v. CFPB. The court examined whether the Consumer Financial Protection Bureau’s (CFPB) single director structure is unconstitutional and whether the CFPB exceeded their authority when interpreting the Real Estate Settlement Procedures Act (RESPA). […]
  • NAR Opposes USDA Reorganization
    The US Department of Agriculture (USDA) has provided a report to Congress proposing their reorganization. The new plan creates an Under Secretary for Trade and Foreign Agriculture Affairs. However, it also eliminates the Under Secretary of Rural Development, a department which includes rural housing programs. Instead, rural development agencies will report directly to the USDA […]
  • NAR Comments on Appraiser Qualifications
    On May 9, 2017, NAR submitted a comment letter to the Appraiser Qualifications Board (AQB) in response to the Third Exposure Draft concerning proposed changes to the AQB's Real Property Appraiser Qualification Criteria. NAR agreed with the AQB's removal of the degree requirement for licensed residential appraisers, the basic appraiser qualification, and to instead require completion […]
  • House Passes Health Reform Bill
    On Thursday, May 4, 2017, the House approved H.R. 1638, the American Health Care Act (AHCA) on a vote of 217 – 213. All of the Democratic Representatives and 20 Republicans opposed the bill. The legislation replaces some provisions of the Affordable Care Act. The bill now heads to the Senate for consideration. The outlook […]

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