NAR asks Fed to help curb abusive lending practices

It has been a busy letter-writing week for the National Association of Realtors.

The trade group for about 1.3 million Realtors announced Wednesday that it sent a letter urging the Federal Reserve System Board of Governors "to adopt regulations that combat unfair, deceptive and abuse mortgage lending acts and practices" in light of "the collapse of several investment funds and the failure of more than 100 subprime lenders."

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