2011 NAR Legislative and Regulatory Year in Review

During 2011, the REALTOR® Legislative and Regulatory Agenda has focused on ensuring the continued flow of capital into the real estate market, preserving residential and commercial property ownership, and protecting the business interests of its members. NAR recently released a status update for each of these areas of legislation.

Ensuring the Flow of Capital into the Real Estate Market

  • Restructuring the Secondary Mortgage Market (Fannie Mae/Freddie Mac – the GSEs)
  • Covered Bonds
  • FHA Condominium Rules
  • FHA, Fannie and Freddie Loan Limits
  • FHA Reform
  • Risk Retention/QRM Proposed Rule
  • Ability to Repay (QM) Rule
  • Seller Financing Rule
  • SBA Commercial Property Refinancing Program
  • Lease Accounting Rules

Preserving the Value of Property Ownership

  • Mortgage Interest Deduction, Deficit Reduction & Tax Reform
  • National Flood Insurance Program (NFIP)
  • Voluntary Residential Energy Use Label Program
  • Environmental Regulations
  • Lead Testing Requirements

Protecting REALTORS®’ Business Interests and Activities

  • Dodd-Frank Treatment of Mortgage Firms with Realty Affiliates
  • Mortgage Assistance Relief Services Rule (MARS)
  • Mortgage Loan Originator Licensing
  • RESPA Good Faith Estimate (GFE) and the Truth in Lending Act Disclosure (TILA)
  • Home Warranty
  • Network Neutrality
  • Patent Reform
  • Appraisal Independence
  • Appraisal Management Company Indemnification
  • Appraiser Fiduciary Responsibilities
  • HUD REO Closing Issues
  • Short Sales
  • Treasury Department HAFA Outreach Event

You can read more about NAR’s 2011 legislative accomplishments by clicking HERE.


Dana Kervin

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