NAR vs OCC
Everyone knows that NAR has been appealing to Congress to stop the OCC from allowing banks to purchase and sell real estate. Many markets like the Las Vegas real estate market would fall to shambles. But this is not the only reason for NAR’s contending with the OCC. According to NAR President Thomas M. Stevens, "The OCC’s actions set in motion a process that could result in dramatically increased risk to national banks and threaten the safety and soundness of the nation’s banking system".
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