NAR Pleads To Congress: Stop The OCC

The National Association of Realtors warns that consumers should be concerned about the OCC's ruling to allow banks to purchase real estate. The effects could be devastating. The hits and troubles that the market saw at the beginning of the year would pale in comparison.

Las Vegas flourishes because it is such a competitive market. How competitive could the market be if John Doe Bank was buying up all the Las Vegas homes and condos?

It is imperative that Congress stops the OCC from allowing banks to take part in real estate transactions. This according Thomas M. Stevens, president of NAR.