Author: www.nar.realtor - Washington Report

The letter focuses on the topic of renters’ rights and responsibilities.

The SECURE Notarization Act would allow for the immediate nationwide use of remote online notarization (RON) technology, with appropriate safeguards to ensure strong nationwide consumer protections.

The Federal Trade Commission (FTC) is in the process of their decennial review of the “Franchise Rule.” Learn more.

NAR provided comments to the FHA on several key issues impacting the industry, including mortgage insurance premium reduction, appraisal, and spot loan requirements.

PPP loans provided a temporary source of income for real estate professionals, including independent contractors and the self-employed.

NAR spoke about priorities and gaps for tenant protections and owner needs, including specifically when it comes to challenges like the pandemic.

Allowing the FHA to modify the mortgages of distressed homeowners to a monthly payment that they can meet with a moderately longer amortization helps to support both homeownership and stability of the market.

On May 26, NAR signed a letter of support for H.R. 3962, the Securing and Enabling Commerce Using Remote and Electronic Notarization Act (SECURE Notarization Act), which allows businesses and consumers to execute critical documents using two-way audiovisual communication.

The White House is releasing a comprehensive plan designed to ease the burden of housing costs by boosting the supply of housing in every community. Check out the details of the plan.

On Wednesday, May 11, 2022, the Senate voted to confirm Julia Gordon as the next Commissioner of the Federal Housing Administration (FHA).