Industry News

Regulators rebut NAR claims about bank-related real estate projects

OCC officials say rulings on developments do not set precedent
Published on Sep 28, 2006

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by CareyBot

Federal regulators say recent rulings that gave three banks the go-ahead to invest in commercial developments do not set a precedent allowing banks to act as real estate investors, developers or brokers. In testimony before a congressional panel Wednesday, the ...