Federal Housing Finance Agency Responds to NAR Member Concerns

(From the National Association of REALTORS) On December 4, 2008, the Director of the Federal Housing Finance Agency, Jim Lockhart, wrote to NAR President Charles McMillan to follow up on the questions raised by REALTORS® at the Orlando meetings that he was unable to answer at the time. Director Lockhart is the conservator for Fannie Mae and Freddie Mac and the federal regulator of the two government sponsored enterprises (GSEs). In Orlando, Director Lockhart spoke at a standing-room-only session to 600 REALTORS® and then fielded questions for nearly an hour. He also attended the meeting of the Conventional Finance and Lending Committee to discuss GSE issues in a smaller setting.

For your review, the Chicago Association of REALTORS has posted the letter from Jim Lockhart to Charles McMillan below:

  

 What additional questions would you have for Mr. Lockhart?