The program is set to expire on August 31.
NAR Joins Coalition asking FHFA to Remove New Fee on Refinance Mortgages
The imposition of a new 50 basis point fee on all loans refinanced by Fannie Mae or Freddie Mac would translate into an increase of roughly 0.10% in rate.
NAR Urges Congress to Support Rental Assistance
NAR joined a coalition of real estate industry groups to seek relief for multifamily properties.
NAR Asks CFPB To Extend Qualified Mortgage Rule Patch
NAR submitted a comment letter to the CFPB requesting an extended time period of at least one year to sunset the QM patch and to implement the proposed replacement.
NAR Advocates for More Pandemic Relief
NAR sent a letter to Congressional Leadership outlining provisions in the HEALS plan supported by NAR.
CMBS Relief Legislation Introduced
The Helping Open Properties Endeavor (HOPE) Act, provides economic support for the commercial real estate market in response to the COVID-19 pandemic.
Dana Wade Confirmed as FHA Commissioner
On Tuesday, July 28, 2020, the Senate Confirmed Dana Wade as Assistant Secretary for Housing – Federal Housing Commissioner.
Flood Case Law Study Released
NAR commissioned the Legal Research Center to compile flood-related court cases over the past two decades to order to help identify key patterns and takeaways for NAR members as they fulfill their fiduciary duties to clients.
First Street Releases Flood Factor Tool
The First Street Foundation, a nonprofit research and technology group, released an online flood risk visualization tool enabling homeowners to obtain comprehensive flood risk information specific to their property.
President Eases Regulatory Burden
Brenda Small, Chair of the 2020 Public Policy Coordinating Committee, attended an event at the White House to bring attention to President Trump’s efforts to deregulate the American economy.