Author: www.nar.realtor - Washington Report

The report issued by the Financial Crimes Enforcement Network (FinCEN) provides information on business email compromise threats and trends between January 2020 to December 2021.

On March 29, the Senate passed a joint resolution of disapproval under the Congressional Review Act (CRA) of the waters of the U.S. (WOTUS) rule.

The new FinCEN guidance provides small businesses with information regarding the beneficial ownership rule that will go into effect on January 1, 2024.

Download NAR’s statement to the House Financial Services Subcommittee on Housing and Insurance supporting the National Flood Insurance Program (NFIP) reauthorization and reform legislation.

The House Joint Resolution, if enacted, would terminate the Biden WOTUS rulemaking utilizing the Congressional Review Act (CRA), which provides a mechanism for Congress to overturn certain final agency actions.

The FHA rule permits lenders to provide an extended modification to borrowers after a default episode to assist in avoiding foreclosures.

If the legislation becomes a federal law, the SECURE Notarization Act would provide meaningful relief to America’s homeowners and prospective buyers by allowing immediate, nationwide use of remote online notarization technology.

This rule will govern when beneficial ownership information may be disclosed to government officials, regulators, financial institutional and law enforcement.

NAR has continuously advocated for responsibly reducing the mortgage insurance premium (MIP) to help qualified buyers in the current market.

In response to the Appraisal Subcommittee’s hearing on appraisal bias, NAR stated its commitment to fair housing and efforts to confront racial bias and discrimination in real estate.