Yesterday, NAR sent a follow-up letter to FHFA Director Mark Calabria from NAR's President Charlie Oppler. In the letter, President Oppler thanked Diretor Calabria for hearing REALTORS' concerns during a call on February 8th, regarding recent policy changes and market developments. Specifically, President Oppler:
- Clarified NAR's concerns regarding changes to FHFA’s condo lending rule that are impacting second home sales;
- Emphasized the importance of a strong and consistent effort to support homeowners as forbearance ends including consistent and timely guidance to distressed owners as well as making short-sales a more economically viable option; and
- Reiterated NAR's concerns about the FHFA’s capital rule and its impact on the GSEs' ability to support the market.
NAR leadership and staff are in regular discussion with leadership and staff at regulatory bodies and Congress.