NAR filed comments with the Federal Communications Commission on Monday July 17 urging the agency to maintain the Open Internet Order that was put into effect in 2015. This order creates rules establishing network neutrality. The FCC has proposed rolling back those rules and is currently seeking public comment.
Net neutrality is shorthand for the concept that Internet users should be in control of what content they view and what applications they use on the Internet. More specifically, net neutrality requires that broadband networks be free of restrictions on content,... Read More
On July 19, 2017, NAR signed onto an industry coalition letter in support of the “Credit Score Competition Act,” introduced by Senators Scott (R-SC) and Warner (D-VA). The legislation would instruct Fannie Mae and Freddie Mac to utilize newer, more predictive and inclusive credit models, which will responsible expand access to mortgage financing for many Americans.
On July 14, NAR, in coalition with other commercial real estate trade groups, sent a letter to the Senate Committee on Banking, Housing, & Urban Affairs, providing them with a list of ways the National Flood Insurance Program (NFIP) can be improved to be more responsive and effective for commercial real estate. The Senate Banking Committee is currently working on drafting reauthorizing legislation for the NFIP, which is set to expire on September 30.
The letter asks for six things:
- Maintain the commercial "opt-out" provision, as passed by... Read More
NAR commented on a Center for Medicare & Medicaid Services (CMS) Request for Information regarding the regulatory environment surrounding the individual and small group health insurance markets. A division of the Department of Health and Human Services, CMS was provided useful evidence on NAR’s unique self-employed and small business membership and associated health care priorities. The letter stresses the need foraffordable quality health insurance options in the individual insurance market; protections for preexisting conditions and preventive health and... Read More
On July 10, 2017 NAR submitted comments to the FHFA regarding the Agency's proposed “Duty to Serve Underserved Markets” Plans. Ensuring the continued availability of affordable mortgage credit to all qualified borrowers is an obligation of both Fannie Mae and Freddie Mac. Without the affirmative obligation of either of the Enterprises to facilitate the financing of affordable housing for low- and moderate-income families consistent with sustainable homeownership, access to credit in some of these markets would remain limited. As the Enterprises implement their... Read More