NAR Letter to Director Calabria on FHFA New Product Rule

On January 8 NAR submitted comments to the FHFA on its notice of proposed rule making for how the FHFA will review new products and activities offered by the Enterprises. NAR commented on an earlier proposed rule in 2009 that was never finalized. NAR's new comments incorporate some of the earlier comments and add two additional points. NAR recommends action to reduce the burden on the GSEs and companies with whom they collaborate, while protecting investors interest (and the incentive to invest in innovations) and maintaining the regulator’s ability to limit dangerous activity.