www.nar.realtor - Washington Report

NAR Comments on Treasury's Proposed Regulation

Thu, 05 Sep 2024 14:25:35 +0000

The Committee for Foreign Investment in the United States’ (CFIUS’s) proposed rule would modify the definition of military installation and the list of military installations in the regulations pertaining to certain transactions by foreign persons involving real estate in the United States.

FinCEN Issues New Anti-Money Laundering Rule for Real Estate

Wed, 04 Sep 2024 15:12:35 +0000

The final rule requires certain real estate professionals to report information for non-financed residential real estate transactions, and transfers of real estate to trusts or legal entities.

NAR Submits Comments on Fannie Mae and Freddie Mac's Duty to Serve Plans

Thu, 29 Aug 2024 16:48:57 +0000

The proposed plans align closely with NAR policy, and we thank the Federal Housing Finance Agency (FHFA) and Fannie Mae and Freddie Mac (the GSEs) for continuing to explore and execute plans to help underserved markets.

Biden-Harris Administration Announces Actions to Increase Affordable Housing Supply

Tue, 13 Aug 2024 20:56:15 +0000

Today’s actions included an additional $100 million in grant funding to assist state and local governments with identifying and overcoming barriers to housing development.

CFPB Weighs in on Contract-For-Deed Arrangements

Tue, 13 Aug 2024 20:30:47 +0000

The Consumer Financial Protection Bureau (CFPB) issued an advisory opinion and research on contract-for-deed financing arrangements. Learn more.

NAR Comments on The Appraisal Foundation Education Concept Paper

Wed, 31 Jul 2024 20:39:35 +0000

NAR suggests using existing data on appraisers with and without college degrees to quantify whether a college education is a meaningful requirement.

HUD Ends Investigation of the Appraisal Foundation With Agreement

Thu, 25 Jul 2024 16:59:41 +0000

The Department of Housing and Urban Development (HUD) announced a Conciliation Agreement with The Appraisal Foundation (TAF). TAF is the private organization that sets qualifications and standards for the appraisal profession.

NAR Opposes Rent Cap Proposal

Tue, 23 Jul 2024 20:22:27 +0000

The administration's proposal—which requires congressional action—would take away the accelerated depreciation tax provision from housing providers with 50 or more units who raise rents by more than 5% per year.

HUD Charges Appraiser, AMC, and Lender With Discrimination

Tue, 23 Jul 2024 19:46:38 +0000

HUD alleges that the appraiser prepared an insupportably low appraisal of a duplex owned by a Black woman in a predominantly White area.

Final Rule on Quality Control Standards for Automated Valuation Models

Fri, 19 Jul 2024 13:57:27 +0000

The federal banking regulators and Consumer Financial Protection Bureau (CFPB) released their final rule on quality control standards for automated valuation models (AVMs). The final rule reflects some of NAR’s recommendations. Learn more.