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This Week in Washington

Builders urge lawmakers to support policies for affordable housing construction

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This Week in Washington
Friday, June 13, 2025

Over 1,000 builders, remodelers and associates engaged in all areas of the residential construction industry went to Capitol Hill for the National Association of Home Builders (NAHB) 2025 Legislative Conference June 11 to urge lawmakers to support policies that will help builders increase the production of quality, affordable housing.

“The best way to ease the nation’s housing affordability crisis and boost housing production is to break down the barriers that are impeding new home and apartment construction,” Buddy Hughes, NAHB chairman and a homebuilder and developer, said.

According to a NAHB release, there are three key issues that lawmakers need to act on to effectively impact housing affordability:

  • Energy Codes. NAHB is urging Congress to pass legislation that would prevent the U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Agriculture (USDA) from requiring a minimum energy standard that raises housing costs and prices out of the reach of potential buyers. HUD and the USDA have adopted the 2021 International Energy Conservation Code (IECC) and ASHRAE 90.1-2019 which can add over $22,000 to the price of a new home, but in practice, NAHB said homebuilders have estimated increased costs of up to $31,000.
    • NAHB added Congress should also pass the Energy Choice Act, legislation pending in the House and Senate that would prevent state and local governments from banning the use of natural energy in new homes, increasing costs and eliminating consumer choice.
  • Workforce Development. Lawmakers should pass the CONSTRUCTS Act, bipartisan legislation pending in both chambers of Congress that would help prepare adults for rewarding careers in construction and other essential trades. Congress should also implement reforms to the Job Corps program.
  • Tax Policy. Congress should pass a tax package that permanently extends pro-business and pro-housing policies from the Tax Cuts and Jobs Act, provides resources for affordable rental housing by expanding the Low-Income Housing Tax Credit, addresses limitations placed on the state and local tax deduction cap that burden homeowners in high-cost areas, and preserves long-standing energy tax incentives, including the Section 45L New Energy Efficient Home Credit, the Section 25D Residential Clean Energy Credit and the Section 48E Clean Electricity Investment Act.

Four leading members of Congress spoke to NAHB members at the conference: House Majority Whip Tom Emmer (R-Minn.); Sen. Jacky Rosen (D-Nev.), who supports the CONSTRUCTS Act; Rep. Nick Langworthy (R-N.Y.), the lead sponsor of the Energy Choice Act; and Rep. Mike Flood (R-Neb.), chairman of the House Financial Services Subcommittee on Housing and Insurance.

Today's other top stories
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Union responds to HUD plans to relocate to NSF headquarters
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FHA seeks input on impact of Buy Now, Pay Later loans


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12 USC Section 2605 or Section 6 is titled Servicing of mortgage loans and administration of escrow accounts. It pertains to qualified written requests, notices of transfer of servicing and the administration of escrow accounts.
An arrangement that involves a person who is in a position to refer business as part of a real estate settlement service and who has an interest in a settlement services provider.

In the arrangement, the person, who has either an affiliate relationship with or a direct or beneficial ownership interest of more than one percent in a settlement services provider, directly or indirectly refers business to that provider or influences a consumer to select that provider.
An arrangement that involves a person who is in a position to refer business as part of a real estate settlement service and who has an interest in a settlement services provider.

In the arrangement, the person, who has either an affiliate relationship with or a direct or beneficial ownership interest of more than one percent in a settlement services provider, directly or indirectly refers business to that provider or influences a consumer to select that provider.
A mortgage disclosure that lists all estimated charges and fees associated with your loan. In addition to fees and charges, it will list your loan amount, mortgage rate, loan term and estimated monthly payment. Your escrows due at closing for insurance and taxes will also be outlined. Mortgage lenders are legally required to provide a GFE within three days of receiving your application.
A mortgage disclosure that lists all estimated charges and fees associated with your loan. In addition to fees and charges, it will list your loan amount, mortgage rate, loan term and estimated monthly payment. Your escrows due at closing for insurance and taxes will also be outlined. Mortgage lenders are legally required to provide a GFE within three days of receiving your application.
Under RESPA Section 2605(e)(1)(B), a qualified written request is a written correspondence that includes: 1) the name and account of the borrower, or has enough information to allow the servicer identify that information; and 2) a statement of the reasons for the belief of the borrower that the account is in error or provides sufficient detail to the servicer regarding other information sought by the borrower.

A QWR cannot be written on a payment coupon or other payment medium supplied by the servicer.
Under RESPA Section 2605(e)(1)(B), a qualified written request is a written correspondence that includes: 1) the name and account of the borrower, or has enough information to allow the servicer identify that information; and 2) a statement of the reasons for the belief of the borrower that the account is in error or provides sufficient detail to the servicer regarding other information sought by the borrower.

A QWR cannot be written on a payment coupon or other payment medium supplied by the servicer.
12 USC Section 2609 or Section 10 is titled Limitation on requirement of advance deposits in escrow accounts. It governs escrow accounts including notifications and statements to borrowers. Section 10 also sets out penalties for those who violate the section.
RESPA Section 3 provides that a thing of value includes any payment, advance, funds, loan, service or other consideration

Regulation X says thing of value includes: monies, things, discounts, salaries, commissions, fees, duplicate payments of a charge, stock, dividends, distributions of partnership profits, franchise royalties, credits representing monies that may be paid at a future date, the opportunity to participate in a money-making program, retained or increased earnings, increased equity in a parent or subsidiary entity, special bank deposits or accounts, special or unusual banking terms, services of all types at special or free rates, sales or rentals at special prices or rates, lease or rental payments based in whole or in part on the amount of business referred, trips and payment of another person’s expenses or reduction in credit against an existing obligation.
A form used by a settlement or closing agent itemizing all charges imposed on a borrower and seller in a real estate transaction. This form represents the closing transaction and provides each party with a complete list of incoming and outgoing funds. RESPA requires the HUD-1 to be used as the standard real estate settlement form in all transactions in the U.S. involving federally related mortgage loans.
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