Federal Issues & Legislation

2018 Capitol Hill Day Advocacy Materials

The 2018 REALTORS® Legislative Meetings & Trade Expo represents an important opportunity for REALTORS® to meet with their U.S. Senators and Representatives and communicate the issues critical to their businesses, communities and the consumers they represent. Here is all of the information you will need to make this an impactful visit.

NAR Urges Reduction in G-Fees

Government-sponsored enterprises Fannie Mae and Freddie Mac both reported multi-billion dollar profits this week. NAR President Elizabeth Mendenhall, a sixth-generation Realtor® from Columbia, Missouri, and CEO of RE/MAX Boone Realty issued a statement calling on the Federal Housing Finance Agency to reduce the fees the GSEs charge to lenders and homebuyers.

Register Now for the 2018 REALTORS® Legislative Meetings & Trade Expo

There is still time to register for the REALTORS® Legislative Meetings & Trade Expo in Washington, DC, May 14th - 19th. This is where NAR members take an active role to advance the real estate industry, public policy and the association. REALTORS® come to Washington, DC, for special issues forums, committee meetings, legislative activities and the industry trade show.

Proposal To Streamline Short Sales

On March 26, 2018, NAR submitted a letter of support for H.R. 5237, the "Fast Help for Homeowners Act," introduced by Reps. McNerney (CA-D) and Jones (NC-R). The legislation H.R. 5237 would help to streamline the short sale process by requiring a lender holding a second mortgage on a property to review and make a decision on a short sale agreement within 30 days. If the lender does not make a decision within that time frame, the short sale will be deemed approved on the 30th day.

NAR Comments to FHFA on New Credit Scoring Models

On March 28th, 2018, NAR submitted a response to the Federal Housing Financing Agency's (FHFA) request for input on credit scoring. NAR applauded the FHFA’s efforts to introduce new credit models to the government sponsored enterprises (GSEs), but views this as a first step and looks forward to the GSEs’ adoption of additional modeling and data innovations in credit scoring.

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