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
Construction Liability, Risk Management, and Building Materials Committee
The Construction Liability, Risk Management and Building Materials Committee works to advance the industry’s interests relating to the risks associated with the construction of new homes and remodeling. The Committee helps members manage and minimize such risk by identifying, assessing and prioritizing potential, emerging and existing construction-related problems and then identifying research, education and information needs to address those problems, such as the construction liability resources, produced and maintained by NAHB attorneys. The Committee works cooperatively with manufacturers, insurers, product trade groups and other interested parties on these issues.
The committee and subcommittee both meet three times a year in conjunction with the spring and fall NAHB Board of Directors meetings and the International Builders’ Show, and at such additional times as their chairs may designate. Committee membership is open to all NAHB members in good standing.
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