Public Affairs Update

Public Affairs Update………………………………………………….…………..May 9, 2018

  • NAR Backs Change to CFPB Structure
  • Expand Seller Financing, NAR Advocates
  • NAR Updates May 1, 2018
  • The Inventory Barrier
  • In Case You Missed It

 

NAR Backs Change to CFPB Structure
NAR supports a bill that would transition the leadership structure at the Consumer Financial Protection Bureau from a sole director to a bipartisan commission. [Source: NAR Update 05-03-2018]

 

Expand Seller Financing, NAR Advocates
To increase housing opportunities, the Truth in Lending Act should be amended to raise the number of seller-financing transactions from three to five that an individual can participate in without having to register as a mortgage loan originator, NAR says. [Source: NAR Update 05-03-2018]

 

NAR Updates May 1, 2018

EPA Proposes Regulatory Science Reforms

U.S. EPA Administrator Scott Pruitt signed a proposed rule to strengthen the science used in regulations issued by EPA.

 

Coalition Letter in Support of CFPB Structure Change

NAR signed onto a joint trades letter in support of H.R. 5266, the "Product Safety Commission Act of 2018," a bill that would transition the leadership structure at the Consumer Finance Protection Bureau (CFPB) from a sole director to a bipartisan commission.

 

NAR Supports Seller Financing Bill

NAR sent a letter to Representatives Pearce (R-NM) and Heck (D-WA) thanking them for introducing H.R. 5287, the "Preserving Access to Rural Installment Transactions for Years (PARITY) Act of 2018."

 

Change to USDOT Transportation Grant Program

The U.S. Department of Transportation (USDOT) published a Notice of discretionary grant funding through the Better Utilizing Investments to Leverage Development (BUILD) program.

 

The Inventory Barrier

Low inventory continues to price potential buyers out of the market. Despite this challenge, many are still trying to buy. Learn the latest on pending home sales here. » READ MORE [Source: DFSNews.com 005-01-2018]

 

In Case You Missed It