By Rob Chrisman
Posted To: Pipeline Press
True or false: “Unnecessary regulatory burdens are preventing qualified, credit-worthy borrowers from obtaining the American Dream of homeownership.” That’s according to testimony from the National Association of Realtors before the U.S. Senate Banking, Housing and Urban Affairs Committee. “‘ Realtors support strong underwriting standards to protect consumers from the risky lending practices of the past, but we are concerned that the pendulum has swung too far. In some cases, well-intentioned, but over-corrective policies are severely hampering the ability of millions of qualified buyers to purchase a home. I believe, and our members believe, that we have yet to strike the right balance between regulation and opportunity,’ said NAR President Chris Polychron.” Political activism generated by…(read more)
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