Several issues have emerged in the early stages of Congress that are of critical importance to REALTORS®. Click here for a short summary on each of these issues:

• Tax Reform, with a possible increase in the standard deduction which could reduce the relevance of the mortgage interest deduction (Legislation projected for late summer, 2017)
• National Flood Insurance Program Reauthorization, since current program expires at the end of September (Legislation projected for late spring, 2017)
• Government Sponsored Enterprises Reform, including restructuring of Fannie Mae and Freddie Mac (No projected legislation start date)
• GSE Guarantee Fees, with goal of reducing high G-fees (Legislation has been introduced in the House; not sure whether similar legislation will be introduced in the Senate)