Kevin Kelly, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Wilmington, Del., issued the following statement on today’s announcement by six federal regulators to establish new rules for a qualified residential mortgage that would exempt securitizers from retaining 5 percent of the credit risk on loans packaged and sold as securities. More
The NAHB State & Local Government Affairs Committee takes an active interest in the actions of state and local governing bodies that have an effect on home building. The committee guides the work of NAHB's State & Local Government Affairs Department and also administers the State & Local Issues Fund, which provides financial assistance to selected home builders associations involved in advocacy efforts on issues affecting the affordability of homeownership. Your HBA can apply for funding using this form.