Federal Legislative Update Center

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	To view additional updates, please visit MAR's Legislative Action Center, at http://www.mdrealtor.org.

NAR Hails Bank Regulator Statement on Subprime Mortgage Lending - 29 Jun 2007 - Today’s statement prescribes strong underwriting and consumer protection standards in connection with certain subprime adjustable rate mortgages (ARMs).

REALTORS® Support National Affordable Housing Trust Fund - 29 Jun 2007 - Legislation introduced today on Capitol Hill will help address the growing crisis in housing affordability.

REALTORS® Call for Responsible Lending Policies With Increased Consumer Protection - 27 Jun 2007 - When families lose homes to foreclosure, communities, the housing market, and our local and national economies all suffer.

REALTORS® Support Protecting National Flood Insurance Program, Concerned About Possible Repercussions - 15 Jun 2007 - NAR supports protecting the integrity of the National Flood Insurance Program, and called for greater participation by homeowners and communities.

House Passage of GSE Reform Praised by REALTORS® - 23 May 2007 - The Federal Housing Finance Reform Act of 2007, H.R. 1427, is vital in protecting the nation’s housing finance system and the real estate market.

House Passage of ILC Bill Maintains Separation of Banking and Commerce - 22 May 2007 - "This is a huge victory for the real estate industry and for the stability of our nation’s economy," said NAR President Pat V. Combs.

NAR Urges Congress to Allow Non-Employer Groups to Offer Health Insurance - 30 Apr 2007 - Without change, problems in health coverage availability and affordability will increasingly threaten a major source of American job growth and innovation.

REALTORS® Support the Frank-Gillmor Bill - 26 Apr 2007 - NAR supports H.R. 698, which would tighten a loophole that currently weakens the separation of banking and commerce.

FHA Must be Reformed - 19 Apr 2007 - A reformed FHA would be perfectly positioned to offer borrowers a safer mortgage alternative and help bring stability to local markets and local economies.

NAR President's Statement on Supreme Court Bank Ruling - 17 Apr 2007 - "Any persons or organizations that are concerned with state statutes and regulations, and the ability of the federal government to preempt these state regulations, should find today's opinion disconcerting."

REALTORS® Continue to Urge Senate to Develop Natural Disaster Plan - 11 Apr 2007 - At two congressional hearings today, NAR repeated its call for the Senate to enact a plan to address insurance availability and affordability.

NAR Urges HUD To Revamp FHA Program in Light of Subprime Mortgages - 10 Apr 2007 - NAR believes that FHA can design a refinance mechanism by which credit worthy borrowers could avoid losing their homes.

NAR Joins Coalition to Kick Off “Housing America 2007” - 21 Mar 2007 - The campaign aims to convey the state of the nation's housing, reestablish housing as a national priority, and more.

ADVOCACY AGENDA - 9 Feb 2007 - NAR is working for REALTORS® to enact federal legislation intended to expand homeownership opportunities, protect consumers and provide greater access to health insurance. Learn more about these and other issues affecting REALTORS.

Protecting Consumers from Banks Entering Real Estate Brokerage is NAR Priority - 18 Jan 2007 - Pat Vredevoogd Combs, president of the National Association of Realtors® , hailed the actions of the 110th Congress for quickly moving forward with key legislation that NAR believes will ensure that the nation¿s real estate industry remains competitive.

Mortgage Interest Deduction Is Under Attack - 2 Dec 2005 - A presidential advisory panel has proposed reducing or changing the mortgage interest deduction, which could result in a major drop in home prices.

NAR's Guide to Understanding RESPA - 28 Dec 2005 - HUD has stepped up its enforcement of the Real Estate Settlement Procedures Act. Make sure you're in compliance.

Eminent Domain Can Be Used for Redevelopment - 2 Dec 2005 - Supreme Court rules that local governments may seize homes and businesses for private projects.