In support of ongoing negotiations for pandemic relief packages, NAR recently sent a letter to Congressional leaders outlining key issues for REALTORS®, consumers, and the real estate industry.
Congress Extends PPP to August 8
The House of Representatives extended the SBA Paycheck Protection Program (PPP) through August 8, 2020.
House Passes Infrastructure Bill
H.R. 2 combines significant investment in surface transportation and mass transit, broadband access, water infrastructure and affordable housing.
NAR Asks FHFA to Extend Comment Period
NAR joined a coalition of housing, finance, and consumer groups requesting an extension of the FHFA’s comment period on its proposed capital rule.
Supreme Court Rules on CFPB Structure
In this holding the CFPB Director now serves “at will†and can be fired at the discretion of the President.
CFPB Unveils Advisory Opinion Pilot
The Consumer Financial Protection Bureau (CFPB) announced a new pilot program that allows businesses to seek clarity on regulatory compliance obligations through a request for an advisory opinion (AO).
NAR Comments on FHLB Membership
A number of financial entities with different business models have sought entry to the Federal Home Loan Bank system due to its low cost of funds and other advantages.
NAR Backs Expanded Main Street Program to Nonprofits
NAR submitted a comment letter to the Federal Reserve advocating for expansion of the Main Street Lending Program to 501(c)(6) organizations.
SBA Releases PPP Forgiveness Guidance
The SBA and the Treasury released updated forgiveness forms and guidance for PPP loans, based on the changes made by the “PPP Flexibility Act” signed into law on June 5.
NAR Thanks FHFA for Its Work During the Pandemic
NAR sent a letter to the FHFA thanking it for actions taken to support homeowners since the pandemic began.