Author: www.nar.realtor - Washington Report

Setting the two rules (QRM and QM) equal creates a common legal benchmark and level of quality between the primary and secondary market.

The CDC’s eviction moratorium remains in effect nationwide through its expiration on June 30th, pending consideration by the Supreme Court.

The Biden Administration has released the FY 2022 Budget of the United States Government. Check out the budget items of note to the real estate industry.

On Thursday, May 20, NAR and a coalition of real estate industry groups sent a letter to the Senate Banking Committee for its hearing, “21st Century Communities: Expanding Opportunity Through Infrastructure Investments.”

Ongoing litigation regarding the Center for Disease Control’s (CDC’s) nationwide eviction moratorium has resulted in a recent stay issued by the U.S. District Court for the District of Columbia, which means the CDC order remains in place nationwide pending further appeals.

On June 21, 2019, the U.S. Department of Agriculture (USDA) Rural Housing Service (RHS) published a final rule adopting changes to the RHS guaranteed and direct single family loan programs proposed in August 2018

The U.S. Department of Labor announced withdrawal of the Independent Contractor rule for determining how workers are classified under the Fair Labor Standards Act (FLSA).

NAR sent a response to the Consumer Financial Protection Bureau (CFPB)’s Notice of Proposed Rulemaking (NPRM), titled “Protections for Borrowers Affected by the COVID-19 Emergency Under the Real Estate Settlement Procedures Act (RESPA), Regulation X.”

On May 5, 2021, the U.S. District Court for the District of Colombia struck down the Center for Disease Control’s (CDC) nationwide eviction moratorium set to expire at the end of June, concluding the moratorium exceeds the limits Congress placed on the CDC’s authority.

The Financial Crimes Enforcement Network (FinCEN) issued an updated Geographic Targeting Order (GTO) effective beginning on May 5, 2021 until October 31, 2021.