Author: www.nar.realtor - Washington Report

The purpose of the rule is to better assist regulators and law enforcement with combating money laundering, terrorist financing, and other illicit financial crimes.

NAR filed an amicus brief in support of a lawsuit claiming that the CDC’s COVID-19 eviction moratorium constituted a physical taking under the Fifth Amendment.

NAR submitted a coalition letter to the White House National Economic Council urging a reduction of the FHA annual mortgage insurance premium. Learn more.

Of particular focus was the recently passed Inflation Reduction Act, the impact of Administrative actions on the housing industry and market, and what policies should be pushed forward to improve housing supply and affordability.

The Biden administration officially announced the cancelation of $10,000 in federal student loan debt for borrowers who make less than $125,000 a year.

The Treasury Department announced updates to its guidelines for the State and Local Fiscal Recovery Funds (SLFRF) for uses aimed at increasing the affordable housing supply in the country.

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.

NAR wrote to the Appraiser Qualifications Board of the Appraisal Foundation urging it to revise the real property appraiser qualification criteria to require fair housing and valuation bias training for both qualifying and continuing education.

The coalition stressed that there are already myriad state and local laws and regulations placed on lease terms, eviction proceedings, and housing provider responsibilities.

NAR applauds the House Financial Services Committee for exploring the current housing market and the problems that are plaguing many borrowers trying to obtain homeownership.