New Coronavirus Relief Package Introduced

May, 15 2020

On May 12, 2020, the House of Representatives introduced H.R. 6800, the ‘‘Health and Economic Recovery Omnibus Emergency Solutions,” or HEROES Act.

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NAR Asks Agencies for Website on COVID and Mortgage Finance

May, 8 2020

NAR, as part of a coalition, sent a letter to federal agencies asking for a single central website for Information on Covid and mortgage finance.

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FHFA Responds to NAR's Letter Requesting Support for Mortgage Liquidity

May, 1 2020

NAR received a letter from the FHFA in response to NAR's letter send to the Treasury, Federal Reserve Board, and FHFA on March 27th requesting their support to improve liquidity in the mortgage market.

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IRS Grants 1031 Deadline Relief

April, 24 2020

The 45-day and the 180-day deadlines under Section 1031, which fall between April 1 and July 14, 2020, are automatically delayed until July 15, 2020.

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NAR Comments on Regulator's CRA Proposal

April, 10 2020

NAR submitted a comment in response to the Office of the Comptroller of the Currency (OCC) and Federal Deposit Insurance Corporation's notice of proposed rule making (NPRM) on modernization of the community reinvestment act (CRA).

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SBA Rolls Out Paycheck Protection Loans

April, 3 2020

The CARES Act created a new SBA loan program to help businesses struggling to pay their employees and meet their debt obligations due to COVID-19.

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COVID-19: NAR Asks Regulators to Use Powers to Solve Servicing Issues

April, 3 2020

NAR is asking the Federal Reserve Board and Federal Housing Finance Agency to use their direct funding from the Treasury to support mortgage servicers and to clear the log jam in the mortgage funding process that has arisen due to potential widespread forbearance.

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FHFA Directs Fannie and Freddie to Allow Appraisal Alternatives

March, 23 2020

FHFA directed Fannie Mae and Freddie Mac to allow the use of appraisal alternatives to reduce the need for appraisers to conduct interior property inspections for eligible mortgages through May 17, 2020.

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