June 22, 2011: Sensible Policies, Please
2011 NAR President Ron Phipps talks about once again battling government policies that prevent consumers from getting mortgages. He discusses the pitfalls of the qualified residential mortgage (QRM) policy proposal requiring consumers to put 20 percent down to make a mortgage "safe." He also talks about the dangers of the current FHA, Fannie Mae, and Freddie Mac loan limits set to expire on Sept. 30, and asks REALTORS® to answer the call for action to make them permanent.
Read the press release from June 22, "Realtors® Urge Regulators to Reconsider Narrow QRM Definition"