On November twenty first 2022, NAR’s 2023 President Kenny Parcell despatched a letter to Sandra Thompson, Director of the Federal Housing Finance Company (FHFA), thanking her for receiving NAR CEO Bob Goldberg and employees on November third and discussing methods the 2 teams can collaborate to ease the affordability burden on homebuyers.
Particularly, Mr. Parcell thanked the Director for her work on particular objective credit score packages that embrace down fee help, that are two merchandise that NAR helps. He urged her to think about additional reductions to the premiums charged by Fannie Mae and Freddie Mac. Lastly, he acknowledged the FHFA’s initiative to work with tech builders and famous NAR’s function in supporting the event of actual estate-focused expertise to assist the trade. Mr Parcell provided to share insights on NAR’s journey.