Leaders of the National Accountability Project held a National Day of Action on April 17th to protest against the National Association of Realtors (NAR), demanding major reforms of the non-profit. The protesters gathered in front of the organization’s headquarters in Chicago to express their demands.
The NAR Accountability Project is a nationwide network of activists who flip houses for profit and are committed to promoting ethical housing practices and improving housing for all. In the wake of the housing crash in 2008, the group is pushing for changes to several NAR policies related to lobbying, discrimination, and abusive lending.
The following are the key points of the protesting groups’ demands:
• Lobby Reform: The protesters want NAR to stop taking money from companies accused of predatory lending.
• Discrimination: The protesters want to ban practices that discriminate against certain groups of people based on their race, color, national origin, religion, or gender.
• Abusive Lending: They are pushing for the NAR to end its support for the private mortgage market which creates opportunities for lenders to make higher profits by encouraging risky loans.
The National Accountability Project’s intent in this demonstration and their overall agenda, is to bring changes to the country’s largest real estate industry trade group, and at the same time making sure that all citizens are provided with a level playing-field in terms of their access to housing. It is a demonstration of the fact that the NAR Accountability Project is serious about making sure that the real estate industry is fair and equitable to all.
You can read this full article at: https://www.housingwire.com/articles/protesters-at-nars-chicago-headquarters-demand-major-reforms/(subscription required)
Note Servicing Center provides professional, fully compliant loan servicing for private mortgage investors so they can avoid the aggravation of servicing their own loans and just relax and get paid. Contact us today for more information.
