USA TODAY's editorial "5 years after Lehman, unfinished business," misleadingly implied there has been a "deafening silence" from Realtors®, bankers and builders regarding the future of Fannie Mae and Freddie Mac.
NAR President Gary Thomas responds to an editorial titled A Dodd-Frank capitulation on mortgage down payments," which presents a wholly inaccurate picture of the new mortgage rule recently proposed by federal regulators.
NAR Chief Economist Lawrence Yun responds to "Owning a Home Isn't Always a Virtue" (Economic View, July 14), which questioned incentives for homeownership.
Exactly four months before Hurricane Sandy came ashore, Congress passed the Biggert-Waters Flood Insurance Reform Act of 2012, with the strong support of the National Association of Realtors®, and in so doing reauthorized the critically important National Flood Insurance Program so homeowners could affordably access flood insurance.
The mortgage interest deduction is essential to homeownership, which is the foundation for a healthy middle class, and vital to the stability of the housing market and economy.
Recent debates over tax reform and revenues have speculated about targeting the MID for change and have caused widespread rumors and myths about the vital tax benefit for homeowners and its critical role in the stability of the U.S. housing market and economy.