NAR sent a letter to the Treasury and FHFA urging them to refrain from any rushed actions to end the conservatorship of Fannie Mae and Freddie Mac.
FHA Increases 2021 Loan Limits
The maximum loan limits for FHA forward mortgages will rise in 3,108 counties. In 125 counties, FHA’s loan limits will remain unchanged.
FHA Performing Well Above Requirement
The FHA Mutual Mortgage Insurance Fund is well above its statutory minimum of 2% capital reserve ratio at 6.10%, an increase of 1.26% from last year.
FinCEN Renews Real Estate Geographic Targeting Orders (GTOs)
This order imposes data collection and reporting requirements on companies involved in certain residential real estate transactions.
NAR Comments on DOL Independent Contractor Proposed Rule
NAR advocates for minimal disruption to the real estate industry that greatly benefits from the ability to be classified as an independent contractor.
Updates to NAR AHP Toolkit
The NAR AHP Toolkit has been updated to include data from the 2020 Health Insurance Survey.
Supreme Court Rules to Stop Census Counts Oct. 15
The Court issued its opinion ruling in favor of the Trump Administration after weeks of ongoing litigation on this issue.
CFPB Rescinds 2015 RESPA Bulletin on MSAs
The Consumer Financial Protection Bureau (CFPB) rescinded the October 8, 2015, Compliance Bulletin (2015-05), which curtailed the use of Marketing Services Agreements (MSAs).
Administration Restricts H-1B Visas
The Department of Homeland Security and the Department of Labor have proposed restrictions to the H-1B visa program.
New PPP Forgiveness Form for Small Loans
On October 8, 2020, The Small Business Administration (SBA) and the Treasury Department announced the release of a new, further simplified forgiveness application for PPP borrowers with loans of $50,000 or less.