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Monthly Archives: January 2006

Banks in the Real Estate Business

January 27, 2006

NAR (National Association of Realtors) Files FOIA (Freedom of Information Act) Request with OCC to Obtain Opinions Permitting Banks to Engage in Real Estate Development Recent legal rulings by the Office of the Comptroller of the Currency (OCC) expand the …

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Housing Affordability Index Hits Lowest Point in 15 Years

January 2, 2006

The National Association of Realtors reported that the Housing Affordability index has fallen to its lowest level since 1991. What this means for the average consumer (household) is that the combination of interest rate hikes, real estate appreciation, and other …

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