On Oct. 8, 2012, NAR President Moe Veissi submitted comments to the CFPB on proposed rules for national servicing standards to make improvements to mortgage servicing.
Recently, several California investor-owned utilities announced the development of an On-Bill Repayment (OBR) program using third-party capital to finance energy efficiency retrofits in commercial properties.
While additional regulation to address well-known abuses is needed, NAR is urging regulators to avoid adopting burdensome and unrealistic requirements that will raise costs on both the industry and consumer.
More than 900 communities nationwide will not lose access to rural housing programs this fall as expected after he Office of Rural Development of the Department of Agriculture published an Administrative Notice delaying implementation of 2010 Census data for use in their programs through March 27, 2013.
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NAR President Moe Veissi wrote to Federal Reserve Chairman Ben Bernanke regarding tight access to mortgage credit, urging Bernanke to weigh in on three key rule proposals.