Looking back, the housing industry is totally Scrooged

Looking back, the housing industry is totally Scrooged

Here's the HousingWire/Star Wars Christmas 2014 special

FHA loans could face "tidal wave of defaults"

All indices hit series high

Another mortgage lender launches 3% down loan

Falls in line with FHFA
W S
Lending / The Ticker

Top housing associations place bets on politics

flag
/ Print / Reprints /
| Share More
/ Text Size+

As election season looms closer, top housing associations are quickly pouring money into candidates they favor. The National Association of Realtors has already contributed $1.4 million to federal candidate, according to an article in MarketWatch.

Housing groups have already spent millions of dollars this election season, and check-writing is sure to ramp up over coming months. Given the partisan gridlock in Congress, one might wonder why the industry would bother to invest so much in lawmakers who may accomplish very little. The answer is simple: advocates must use every opportunity to promote their position.

“A trade group representing an industry cannot be caught on the sidelines and unprepared,” said Brian Gardner, an analyst at Keefe, Bruyette & Woods, a New York-based investment bank. “Groups and advocates want to be proactive and always try to build political capital, even when the prospects of legislation are low.”

Source: MarketWatch
Read full story

Recent Articles by Brena Swanson

Comments powered by Disqus