(August 16, 2007) — The MBA sent a letter to the Board of Governors of the Federal Reserve System in response to the Board’s request for comments on the potential use of its unfair and deceptive acts or practices authority under section 129(I) of the Home Ownership and Equity Protection Act (HOEPA).
MBA Encourages Fed to Use HOEPA Authority “Surgically and in a Targeted Manner”
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Why are existing home prices rising when sales are still so low?
Existing home sales fell in today’s report, but home prices are still up year over year, even with higher inventory and higher mortgage rates.
