Government Watch

RSS NAR Government Affairs / Political Advocacy

  • Monday Minute - Week of September 18, 2017
    This Week in Congress: The Senate is in session Monday through Wednesday. Rosh Hashanah begins at sundown Wednesday. There will be no votes in the House; Members will be working in their home districts. What should REALTORS® follow?  On Tuesday, Sept. 19 at 10AM, the Senate Finance Committee will be holding a hearing on "Business […]
  • HUD Nominee Approved
    The Senate confirmed Pam Patenaude as Deputy Secretary for the Department of Housing and Urban Development (HUD) by a vote of 80-17. NAR is a strong supporter of Ms. Patenaude, and just last week coordinated a letter of more than 60 groups urging her vote. Ms. Patenaude had vast expience in the housing industry, having […]
  • Pam Patenaude Right Choice for HUD Deputy Secretary, Say Realtors®
    WASHINGTON (September 14, 2017) – The U.S. Senate today approved the nomination of Pam Patenaude as deputy secretary at the Department of Housing and Urban Development. Following is a statement from NAR President William E. Brown on the vote: “Pam Patenaude is the right choice for deputy secretary, and Realtors® are pleased to see her […]
  • Homeownership a Common Interest, Deserves Protection in Tax Reform Debate
    Iona Harrison (pictured center), chair of NAR’s Federal Taxation Committee, testifies before the Senate Finance Committee on tax reform.  WASHINGTON (September 14, 2017) – Tax reform done right could yield savings and simplification that benefits average Americans, but history shows that misguided reforms can pose significant threats to the economy. That’s the message the National […]
  • Monday Minute - Week of September 11, 2017
    Both the Senate and House are in session this week. The House has cancelled all Monday votes, due to anticipated absences from Members of Congress in districts affected by Hurricane Irma. What should REALTORS® follow? The Senate Finance Committee's hearing on "Individual Tax Reform." Iona Harrison, Senior Vice President of Pioneer Realty, will be testifying […]
  • Advocates Urge Vote on HUD Nominee
    NAR and a coalition of 60 groups sent a letter to the Senate leadership this week, urging a vote on Pam Patenaude to be Deputy Secretary for the Department of Housing and Urban Development (HUD). Ms. Patenaude was reported favorably by the Senate Banking Committee back in June, but her vote has not come to […]
  • FHA Extends Temporary Condominium Guidance
    On Aug. 30, 2017, the Department of Housing and Urban Development (HUD) released Mortgagee Letter 2017-13, Extension of Temporary Approval Provisions for the Federal Housing Administration (FHA) Condominium Project Approval Process, which extends the current temporary guidelines on condominium projects until HUD publishes and implements the Final Rule of Condominium Project Approval. The Final Rule will […]
  • Committee Approves ADA Reform Bill
    On Thursday, Sept. 7, the House Judiciary Committee held a markup of H.R. 620, the ADA Education and Reform Act of 2017, sponsored by Rep. Ted Poe (R-TX). The Judiciary Committee, led by Chairman Bob Goodlatte (R-VA) and Ranking Member John Conyers (D-MI) considered the legislation, which adds a "notice-and-cure" provision to the Americans with […]
  • National Flood Insurance Program (NFIP) Extended
    Editor's note: This article has been updated since its original publication. Statement From NAR President William E. Brown: “Extending the National Flood Insurance Program was a must-do item, and Congress delivered. That’s good news for consumers, as well as an opportunity for proponents of meaningful reform. With a short extension on their side, leaders in the […]
  • With National Flood Insurance Program Expiring Soon, Realtors® Sound the Alarm
    WASHINGTON (September 5, 2017) – The National Flood Insurance Program is now less than one month away from expiration, raising concerns that homeowners, consumers, and commercial property owners could soon find themselves either unprotected or unable to get a mortgage. In July, the National Association of Realtors® announced it had reached an agreement with the U.S. […]
  • Monday Minute - Week of September 4, 2017
    Both the Senate and House are back in session this week after the August Recess and will be focusing on several issues of importance to REALTORS®. Health care: The Senate Health, Education, Labor and Pensions Committee and the Senate Homeland Security and Governmental Affairs Committee are both holding full committee hearings on health care this […]
  • GSEs Appraisal-Free Purchase Mortgages
    On August 18, 2017, both Freddie Mac and Fannie Mae, collectively the Government Sponsored Entities (GSEs), announced they would allow for the use of their proprietary automated valuation tools in lieu of traditional appraisals for some purchase loan transactions. Freddie Mac will utilize their automated collateral evaluation (ACE) to determine home value by using data […]
  • FAQs: The 21st Century Flood Reform Act
    NAR urges the House of Representatives to bring up and pass H.R. 2874: "The 21st Century Flood Reform Act." This document answers the most frequently asked questions about the bill.
  • CFPB Final Rule on CD Sharing Effective Date
    On July 7, 2017, the Consumer Financial Protection Bureau (CFPB) released the final rule amending the “Know Before You Owe” (KBYO or TRID) mortgage disclosure rule. As advocated for by NAR, the final rule clarifies the ability to share the Closing Disclosure (CD) with third parties - a victory for real estate professionals nationwide. As […]
  • Voice for Real Estate 73: Tech Disrupters, Flood CFA, Virtual Brokers
    How should organized real estate respond when tech giants like Amazon and Facebook pour billions of dollars into creating real estate platforms? NAR Leadership wants to ensure REALTORS® stay well ahead of where technology is going. The latest Voice for Real Estate video looks at that and also NAR's Call for Action on flood insurance, the […]

RSS NAR Washington Report

  • NAR Comments on GSE Appraisal Waivers
    On September 12, 2017, NAR sent a letter to the Federal Housing Finance Agency (FHFA), as well as to Fannie Mae and Freddie Mac (collectively the GSEs), commenting on the recent decision by Fannie Mae and Freddie Mac to allow for data-based valuations rather than traditional in-person appraisals in certain purchase transactions. Given recent complaints […]
  • HUD Nominee Approved
    The Senate confirmed Pam Patenaude as Deputy Secretary for the Department of Housing and Urban Development (HUD) by a vote of 80-17. NAR is a strong supporter of Ms. Patenaude, and just last week coordinated a letter of more than 60 groups urging her vote. Ms. Patenaude had vast expience in the housing industry, having […]
  • Advocates Urge Vote on HUD Nominee
    NAR and a coalition of 60 groups sent a letter to the Senate leadership this week, urging a vote on Pam Patenaude to be Deputy Secretary for the Department of Housing and Urban Development (HUD). Ms. Patenaude was reported favorably by the Senate Banking Committee back in June, but her vote has not come to […]
  • FHA Extends Temporary Condominium Guidance
    On Aug. 30, 2017, the Department of Housing and Urban Development (HUD) released Mortgagee Letter 2017-13, Extension of Temporary Approval Provisions for the Federal Housing Administration (FHA) Condominium Project Approval Process, which extends the current temporary guidelines on condominium projects until HUD publishes and implements the Final Rule of Condominium Project Approval. The Final Rule will […]
  • Committee Approves ADA Reform Bill
    On Thursday, Sept. 7, the House Judiciary Committee held a markup of H.R. 620, the ADA Education and Reform Act of 2017, sponsored by Rep. Ted Poe (R-TX). The Judiciary Committee, led by Chairman Bob Goodlatte (R-VA) and Ranking Member John Conyers (D-MI) considered the legislation, which adds a "notice-and-cure" provision to the Americans with […]
  • GSEs Appraisal-Free Purchase Mortgages
    On August 18, 2017, both Freddie Mac and Fannie Mae, collectively the Government Sponsored Entities (GSEs), announced they would allow for the use of their proprietary automated valuation tools in lieu of traditional appraisals for some purchase loan transactions. Freddie Mac will utilize their automated collateral evaluation (ACE) to determine home value by using data […]
  • CFPB Final Rule on CD Sharing Effective Date
    On July 7, 2017, the Consumer Financial Protection Bureau (CFPB) released the final rule amending the “Know Before You Owe” (KBYO or TRID) mortgage disclosure rule. As advocated for by NAR, the final rule clarifies the ability to share the Closing Disclosure (CD) with third parties - a victory for real estate professionals nationwide. As […]
  • FinCEN Issues Money Laundering Real Estate Advisory and Renews GTOs
    The U.S. Department of Treasury’s lead agency in the fight against money laundering, the Financial Crimes Enforcement Network (FinCEN), has released two notices related to money laundering risks associated with real estate transactions. The first is an Advisory to Financial Institutions and Real Estate Firms and Professionals (FIN-2017-A003) to provide information on money laundering risks for real... […]
  • 2017 Appraisal Summit
    On August 2, 2017, the National Association of REALTORS® hosted an Appraisal Summit, focused on the role of Appraisal Management Companies (AMCs) and their effect on the appraisal industry. A variety of stakeholders in the appraisal field, including AMCs, lenders, federal regulatory officials, trade association representatives, and REALTOR® agents and appraisers attended the Summit. NAR Vice […]
  • NAR Supports SBA Cyber Security Bill
    On Wednesday, August 2, the Senate Small Business Committee marked up and approved by a voice vote of 19-0 S. 1428, the Small Business Cyber Training Act of 2017, sponsored by Senator Risch (R-ID), with cosponsors Senators Shaheen (D-NH), Kennedy (R-LA), Duckworth (D-IL), and Peters (D-MI). This bipartisan bill would require small business development centers […]
  • Senate Health Reform Fails to Advance
    In an early morning Friday July 28th vote, the Senate Republican leadership’s so-called “skinny” Affordable Care Act (ACA) repeal bill failed to gather the 50 votes required for passage. Senators Susan Collins (R-ME), Lisa Murkowski (R-AK) and John McCain (R-AZ) sided with Democrats in a 49-51 roll call vote. Released a few hours before the vote, the 8-page bill […]
  • NAR Opposes FHA Flood Regulation
    On July 26, 2017, NAR, as part of a broad coalition of housing, lending, insurance and consumer groups, opposed a Federal Housing Administration (FHA) regulation barring lenders from accepting private flood insurance on FHA insured loans, and urged its immediate reversal. On the same day, NAR wrote the full Senate requesting support and co-sponsorship of […]
  • EPA Releases Rule to Withdraw WOTUS
    Fulfilling a portion of an executive order by President Donald Trump, the EPA and the U.S. Army Corps of Engineers have released a proposal to rescind the Waters of the United States rule that expanded federal jurisdiction under the Clean Water Act. The proposal published in the Federal Register on Thursday, July 28 would nix the […]
  • NAR Urges FCC to Maintain Net Neutrality
    NAR filed comments with the Federal Communications Commission on Monday July 17 urging the agency to maintain the Open Internet Order that was put into effect in 2015.  This order creates rules establishing network neutrality.  The FCC has proposed rolling back those rules and is currently seeking public comment. Net neutrality is shorthand for the […]
  • NAR Signs onto Credit Scoring Coalition Letter
    On July 19, 2017, NAR signed onto an industry coalition letter in support of the “Credit Score Competition Act,” introduced by Senators Scott (R-SC) and Warner (D-VA). The legislation would instruct Fannie Mae and Freddie Mac to utilize newer, more predictive and inclusive credit models, which will responsible expand access to mortgage financing for many Americans. […]

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